A firms ability to innovate and develop new-product concepts is usually determined by the level of inventiveness

Question:

A firm’s ability to innovate and develop new-product concepts is usually determined by the level of inventiveness and adeptness to adjust to market demands. As a result, successful firms generally benefit from an increase in revenue and publicity in magazines devoted to business innovation. Business 2.0 annually ranks the fastest-growing companies, which often have the greatest rates of innovation. The ranking can be accessed by using the search term “business innovation” at globaledge.msu.edu/ibrd (and check the box “Resource Desk only”). Once you reach the CNN/Money website, click on “Rankings,” and then choose the “Fastest-Growing Companies” option. Based on the “List of Fastest-Growing Companies,” what are the top ten fastest-growing companies? Which industry appears currently to have the most successful commercial innovativeness? Why do you think this industry is thriving?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Foundations of Marketing

ISBN: 978-0547154565

3rd Edition

Authors: William M. Pride, O. C. Ferrell

Question Posted: