Question: Successful innovation means diffusing new knowledge throughout a value - chain. Meaning, successful innovation doesn't just mean filling market gaps, innovation can also create industry
Successful innovation means diffusing new knowledge throughout a valuechain. Meaning, successful innovation doesn't just mean filling market gaps, innovation can also create industry gaps by introducing new best practices and altering norms of industry effectiveness. It is because of these potential knockon effects that the final step in the fourstep innovation process is
Point
imitation
intellectual property right protections.
invention
the same as step : idea generation.
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