Question: Hi I need help answering question below. 1. Explain the importance of establishing well-defined steps to strategically manage an organization's innovation development process. Provide an

Hi I need help answering question below.

1. Explain the importance of establishing well-defined steps to strategically manage an organization's innovation development process. Provide an example of the benefits of a formal process and some of the pitfalls that may be encountered with an informal process or with no process at all.

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