Which phrase best aligns with the concept of innovation? A) Implementing ideas without change. B) Duplicating successful business models. C) Applying existing knowledge in new ways... Which phrase best aligns with the concept of innovation? A) Implementing ideas without change. B) Duplicating successful business models. C) Applying existing knowledge in new ways. D) Merely generating new concepts.
Understand the Problem
The question is asking to identify which of the given phrases most accurately reflects the definition or understanding of innovation. The choices provided suggest different levels of change and creativity, and the task is to select the one that encapsulates the essence of innovation.
Answer
C) Applying existing knowledge in new ways.
The final answer is C) Applying existing knowledge in new ways.
Answer for screen readers
The final answer is C) Applying existing knowledge in new ways.
More Information
Innovation often involves taking what already exists and using it in a novel way to create value, solve problems, or improve processes.
Tips
A common mistake is thinking that innovation only involves creating something totally new, whereas it can also involve new applications or iterations of existing ideas.
Sources
- Innovation in Business: What It Is & Why It's So Important - HBS Online - online.hbs.edu
- Innovation Q&A – 30+ Common Questions About Innovation - Viima - viima.com
- Types of Innovation With Choosing the Right Innovation Type Guide - digitalleadership.com
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