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MPU3242 - INNOVATION MANAGEMENT

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An

innovation occurs when an invention is implemented and finally commercialized.

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The FOUR (4)

main components of innovation are culture, resources, products and 

infrastructure.

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All

of the following are explanation about incremental innovation EXCEPT:

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Explain

the best characteristic of a Marketing Innovation.

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Information on the most suitable technology to be applied in innovation are known as demographic information.

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Some new

combination of existing technologies can also normally lead to a 

successful innovation.

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An

absolutely new product that can create its own market is a(an) ____________

product.

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Invention

requires creativity, while innovation does not really require creativity.

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In

general, Innovation ______

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Explain the

reason(s) why Component Innovation needs to be implemented in an existing

 product?

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