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?

    <p>By facilitating inclusive learning and skill development</p> Signup and view all the answers

    Which statement about innovation in healthcare is true?

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

    How does innovation affect quality of life?

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

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

    <p>Competitive edge, attracting investments and driving economic growth</p> Signup and view all the answers

    Which of the following is NOT an innovation driver?

    <p>Employee limitations</p> Signup and view all the answers

    How does globalization contribute to innovation?

    <p>By creating external pressures that push companies to innovate</p> Signup and view all the answers

    What role do regulatory changes play in driving innovation?

    <p>They provide incentives for innovation and compliance</p> Signup and view all the answers

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