Section One

$(50$ Marks$)$

Question One

$(25$ Marks$)$

$1\mathrm{.}1$ Explain the differences between exploration and exploitation.

$(10)$

$1\mathrm{.}2$ Using an organisation of your choice, reflect on which $($exploration or exploitation$)$ you would consider the more important and provide reasons to substantiate your answer.

Ensure to include in your answer the innovation concept within your organisation and how each of these phases apply to the innovation process

$(15)$

$(25$ Marks$)$