Discuss how to determine a customer in a business venture. Explain how organizations should go about communicating with their customers. Distinguish between customer loyalty and profitability. Describe how to convert customers into innovation partners.

Principles of Management
OER 2019th Edition
ISBN:9780998625768
Author:OpenStax
Publisher:OpenStax
Chapter18: Management Of Technology And Innovation
Section: Chapter Questions
Problem 3CRQ: What are the five Cs of managing innovation, and how do they help direct a firms innovation...
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  1. Discuss how to determine a customer in a business venture.
  2. Explain how organizations should go about communicating with their customers.
  3. Distinguish between customer loyalty and profitability.
  4. Describe how to convert customers into innovation partners.
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