The best strategy for exploiting an innovation depends on two major factors: first,the strength of the firm's intellectual property in the innovation and,second,the resources and capabilities available to the firm.

Question

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The statement accurately describes the two major factors that determine the best strategy for exploiting an innovation. The first factor is the strength of the firm's intellectual property protection, which can impact its ability to prevent competitors from copying or imitating the innovation. The second factor is the resources and capabilities available to the firm, which can determine its ability to successfully commercialize the innovation through activities such as marketing, distribution, and production.

The Best Strategy for Exploiting an Innovation Depends on Two