Gaining competitive advantages from innovation is often about how quickly and effectively a manager brings the idea to market. Discuss ways to improve effectiveness and efficiency of procedures to bring ideas to market.

 

What are some advantages and disadvantages of having formalized procedures to improve the effectiveness and efficiency of innovating? Provide at least 1 example of each to support your response.

Answer rating: 100% (QA)

Advantages of Formalized Procedures for Innovation 1 Streamlined Process Formalized procedures provide a structured framework that helps streamline th... View the full answer