Question: 1. Define and discuss how resources, stage gate process and innovation funnel aid in the decision making process. Another key decision firms have to make

1. Define and discuss how resources, stage gate process and innovation funnel aid in the decision making process. Another key decision firms have to make is whether to pursue blue ocean strategy. Define key components of the blue ocean strategy and give an example of it by highlighting areas where you might reduce, eliminate, create or raise some particular attribute.

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