Title and Description Writing Quiz

The objective of the innovation process is to use available resources to increase and improve creative processes in order to obtain new knowledge and original and feasible ideas.

The key aspects that must be taken into account to manage the innovation process effectively are planning (Innovation Plan), the process of innovation, the management of innovation projects and technology, how to finance innovation, and competitive intelligence, technological watch and benchmarking.

Innovation is considered a multicausal and not-lineal phenomenon as it is defined as a result of a wide range of links, interactions, cycles and feedbacks.

<p>Innovation is driven by the ability to identify opportunities and linkages, to see interactions or connections between two or more (seemingly) isolated facts, and to take advantage of them. The process of innovating can be maximized through quality, effectiveness and efficient management of the process.</p> Signup and view all the answers

<p>The key stages in the innovation process are: finding an opportunity, defining and redefining the opportunity, idea creation using methodologies, idea selection, and implementation.</p> Signup and view all the answers

<p>Managing innovation is important for success because the process to innovate can be more complex than expected, and effective management of the process increases the possibilities of success. Innovation can lead to competitive advantages and improved performance, but it must be managed properly to achieve these outcomes.</p> Signup and view all the answers