Characteristics of different types of innovations

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Question

1. Define innovation and assess the important characteristics of the different types of innovations.

2. Mr Goh wants to start his own business in cloth industry. How should he formulate the general industrial strategies to pursue the competitive advantage across his chosen market scope?

3. Managers in established corporations use analytical methods that make innovation investments extremely difficult to justify. Identify this method and show why it is a sabotage to the assessment of innovations.

Reference no: EM133950477

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