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Identify the third element in the innovation process from the given options.
- a)Resource organisation
- b)Commercial application
- c)Implementation
- d)Analytical planning
Correct answer is option 'C'. Can you explain this answer?
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Verified Answer
Identify the third element in the innovation process from the given op...
The third stage in process of innovation is Implementation. At this stage, the creative idea is given a practical shape through observation, product design, manufacturing or services.
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Identify the third element in the innovation process from the given op...
Implementation
Implementation is the third element in the innovation process. It refers to the actual execution or carrying out of the innovative idea or concept. This stage involves putting the plans into action and bringing the innovation to life. Here is why implementation is a crucial step in the innovation process:
Key points:
- Execution: Implementation involves the practical steps taken to turn an idea into a tangible product or service. This includes designing, developing, testing, and refining the innovation.
- Resource allocation: During implementation, resources such as funding, manpower, and technology are allocated to support the innovation. Efficient resource management is essential for successful implementation.
- Timeline management: Setting a timeline and adhering to it is important in ensuring that the innovation is launched within a specific timeframe. Delays in implementation can hinder the success of the innovation.
- Feedback and adjustments: Implementation also involves gathering feedback from stakeholders and making necessary adjustments to improve the innovation. Continuous evaluation and refinement are vital for the success of the innovation.
In conclusion, implementation is a critical element in the innovation process as it involves putting ideas into action and bringing innovations to the market. Efficient execution, resource allocation, timeline management, and feedback mechanisms are key components of successful implementation.
Implementation is the third element in the innovation process. It refers to the actual execution or carrying out of the innovative idea or concept. This stage involves putting the plans into action and bringing the innovation to life. Here is why implementation is a crucial step in the innovation process:
Key points:
- Execution: Implementation involves the practical steps taken to turn an idea into a tangible product or service. This includes designing, developing, testing, and refining the innovation.
- Resource allocation: During implementation, resources such as funding, manpower, and technology are allocated to support the innovation. Efficient resource management is essential for successful implementation.
- Timeline management: Setting a timeline and adhering to it is important in ensuring that the innovation is launched within a specific timeframe. Delays in implementation can hinder the success of the innovation.
- Feedback and adjustments: Implementation also involves gathering feedback from stakeholders and making necessary adjustments to improve the innovation. Continuous evaluation and refinement are vital for the success of the innovation.
In conclusion, implementation is a critical element in the innovation process as it involves putting ideas into action and bringing innovations to the market. Efficient execution, resource allocation, timeline management, and feedback mechanisms are key components of successful implementation.
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Identify the third element in the innovation process from the given options.a)Resource organisationb)Commercial applicationc)Implementationd)Analytical planningCorrect answer is option 'C'. Can you explain this answer?
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Identify the third element in the innovation process from the given options.a)Resource organisationb)Commercial applicationc)Implementationd)Analytical planningCorrect answer is option 'C'. Can you explain this answer? for Class 12 2024 is part of Class 12 preparation. The Question and answers have been prepared according to the Class 12 exam syllabus. Information about Identify the third element in the innovation process from the given options.a)Resource organisationb)Commercial applicationc)Implementationd)Analytical planningCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for Class 12 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Identify the third element in the innovation process from the given options.a)Resource organisationb)Commercial applicationc)Implementationd)Analytical planningCorrect answer is option 'C'. Can you explain this answer?.
Identify the third element in the innovation process from the given options.a)Resource organisationb)Commercial applicationc)Implementationd)Analytical planningCorrect answer is option 'C'. Can you explain this answer? for Class 12 2024 is part of Class 12 preparation. The Question and answers have been prepared according to the Class 12 exam syllabus. Information about Identify the third element in the innovation process from the given options.a)Resource organisationb)Commercial applicationc)Implementationd)Analytical planningCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for Class 12 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Identify the third element in the innovation process from the given options.a)Resource organisationb)Commercial applicationc)Implementationd)Analytical planningCorrect answer is option 'C'. Can you explain this answer?.
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