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The Importance of Innovation in an Organization

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The Importance of Innovation in an Organization

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Questions and Answers

How does innovation enhance team dynamics?

By creating obstacles to success

By enabling critical and creative thinking for complex challenges (correct)

By limiting the team's capabilities

By reducing employment opportunities

What impact does innovation have on career progression?

It creates barriers to advancement

It restricts skill development

It opens up new opportunities and advancements (correct)

It impedes career growth

Which factor contributes to economic growth through innovation?

Decreasing market demand

Reducing unemployment rates (correct)

Limiting job opportunities

Increasing trade barriers

How does innovation impact social improvement?

By facilitating inclusive learning and skill development Signup and view all the answers

Which statement about innovation in healthcare is true?

It leads to improvements in diagnosis, treatment, and prevention of diseases Signup and view all the answers

How does innovation affect quality of life?

By providing convenience and improved living standards through smart home technologies Signup and view all the answers

What advantage do countries leading in innovation have in the global market?

Competitive edge, attracting investments and driving economic growth Signup and view all the answers

Which of the following is NOT an innovation driver?

Employee limitations Signup and view all the answers

How does globalization contribute to innovation?

By creating external pressures that push companies to innovate Signup and view all the answers

What role do regulatory changes play in driving innovation?

They provide incentives for innovation and compliance Signup and view all the answers