a. Explain the picture below.   b. Give  an example in The workplace.

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
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a. Explain the picture below.
 
b. Give  an example in The workplace.

Evaluation
I
Understanding
Design
Transcribed Image Text:Evaluation I Understanding Design
Expert Solution
Step 1: Define Innovation Management:

Innovation Management is the efficient and key course of sustaining, empowering, and supervising an association's development endeavors. It includes the preparation, advancement, and execution of groundbreaking thoughts, items, cycles, or administrations to drive development, seriousness, and valuable creation. Development of the executives envelops a scope of exercises, including thought age, innovative work, asset designation, project management, and the assessment of creative drives. It plans to cultivate a culture of development inside an association, guaranteeing that it can adjust to changing economic situations and remain in front of the opposition. Effective innovation management assists associations with gaining by opening doors and remaining at the front of their separate businesses.

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