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Innovation
Innovation is a term that is frequently heard in the business world today.
Respond to the following questions:
Why is innovation so important to an organization?
What is the entrepreneurial mindset, and how does it relate to innovation?
What are the two types of internal innovations? How are they different from each other? Explain, using one example of each type.
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Innovation in its modern meaning is a "new idea, creative thoughts, and new imaginations in form of device or method". Innovation is often also viewed as the application of better solutions that meet new requirements, unarticulated needs, or existing market needs. This report is written in Microsoft Word Document File.
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