RESEARCH ETHICS
COMMERCIALIZATION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Innovation helps the economy.
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Innovation ensures a business will succeed.
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Either A or B
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None of the above
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Detailed explanation-1: -Economic growth is driven by innovation and technological improvements, which reduce the costs of production and enable higher output.
Detailed explanation-2: -India is moving towards an innovation-led economy, because inventions bring new concepts and technologies, and produce more important outputs with the same input. This results in better-made goods and services, boosting earnings and business profitability.
Detailed explanation-3: -Strive for constant improvement – Innovation is about constantly improving and looking for ways to do things better both as an individual and as an organization. You need to make small, continuous improvements to succeed in the long run and often the biggest innovations result from those smaller innovations.