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MPU3242 - INNOVATION MANAGEMENT

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Innovation

is introducing something already in existence or doing something the 

same

way.

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A

healthy culture will not necessarily motivate employees to generate new ideas.

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In reality,

successful innovation should begin with understanding the customers and 

brainstorming of ideas.

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Financial

resources are important to support innovation because the company can 

pay

more salary to its staff.

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Support from

the government agencies is one of the required resources to do

 innovation.

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All

of the following are main objectives of doing Marketing Innovation EXCEPT for:

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Innovation

can occur if the company makes effort to do its processes by 

using more

advanced machines.

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One of the

ways to get ideas for innovation is by comparing your products to the 

competitor’s products.

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Innovation

is a process that can continuously be done over a period of time.

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Service

Innovation relates to the definition of Innovation that is ___________

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