Successful innovation cannot transform the nature of industry competition.

Question

Quizplus · Accepted Answer

Successful innovation can indeed transform the nature of industry competition by introducing new products, services, or technologies that disrupt traditional markets and allow companies to gain a competitive advantage. Examples of such innovation include the introduction of smartphones, online marketplaces, and electric cars. These innovations have changed the way people interact with products and services and have created new opportunities and challenges for businesses.

Successful Innovation Cannot Transform the Nature of Industry Competition