BUSINESS ADMINISTRATION
PRINCIPLES AND PRACTICE OF MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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innovation maps
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cyclical inventions
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innovation streams
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results-driven change
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organization development
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Detailed explanation-1: -We define innovation streams as patterns of innovation over time that can create sustainable competitive advantage. A technology cycle begins with a new technology and ends when that technology is replaced by a newer, substantially better technology.
Detailed explanation-2: -Innovation streams are defined as patterns of innovation over time that can create sustainable competitive advantage.
Detailed explanation-3: -Nearly all technology cycles follow the typical s-curve pattern of innovation: slow initial progress, then there will be rapid progress, and after that the progress is slow again.
Detailed explanation-4: -The compression approach to innovation assumes that innovation is occurring within a highly uncertain environment and that the key to fast product innovation is to use intuition, flexible options, and hands-on experience to reduce uncertainty and accelerate learning and understanding.