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Analyse the contribution of innovation to business performance and discuss the benefits that can be gained as a result.
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- How can an organization effectively manage the innovation process for product and service development to foster growth and competitive advantage?Why product and market innovation is the most critical based on today's industry conditions?Discuss the role of innovation in evolving and adapting business models over time. Provide case studies of companies that have innovated successfully in this regard.
- Give at least two challenges in of innovation and how do you succeedDiscuss what are the four main types of innovation and their similarity and difference with each other. the 4 main types of innovation are Product, Process, Marketing, and OrganisationalHow can firms create value through good management of technology and innovation?