Question: Identify the true statements about innovations. Multiple select question. The innovation process is often imagined as a funnel, with many prospective new product ideas going

Identify the true statements about innovations.

Multiple select question.

The innovation process is often imagined as a funnel, with many prospective new product ideas going in the wide end, but very few making it through the development process.

According to a

2012

study by the Product Development and Management Association, about four in nine projects that are initiated are successful.

A large number of ideas are sifted through and abandoned before the formal initiation of a project.

Most innovative ideas result in new, successful commercial products.

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