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Business & Finance
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Why is innovation important for an organization?

Is is because it supports intrapreneurship

increases organizational competitiveness

increases internal departmental communication

support risk tolerance  

Apr 1st, 2015

Answer:

Increases Organisational competitiveness.

Note:

1. Innovation is important to the advancement of society around the world. 

2. New and innovative products can increase the standard of living.

3. It provide people with opportunities to improve their lives. 

4. Breakthroughs in medicine and technology have significantly improved living standards around the world.

5. Innovation has also lead to significant improvements in the way businesses operate and has closed the gaps between different markets.

Apr 1st, 2015

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