OverviewModern corporations realize that in order to remain competitive, they need to innovate. In class, you’ve discussed several barriers to innovation and possible ways to overcome those barriers. In this activity, you will take the things you have learned and ponder ways to help a struggling company develop a more innovative culture.InstructionsRead the article "Easy Ways to Innovate in Business."Links to an external site.Write a 1-2 page initiative for Carol’s company (from the article) that you feel will help establish a more innovative culture. (Initiatives are specific projects or programs undertaken to achieve a goal or strategy.) Be sure to include in your initiative the following:The innovative barrier you are addressing.An explanation of the plan or process you propose to initiate to overcome the barrier. An explanation of how you think the initiative will help establish a more innovative culture within the company.

Note: The solution is provided in a generalized way. For modern organisations, innovation has become…

Answered: Modern corporations realize that in…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Overview

Modern corporations realize that in order to remain competitive, they need to innovate. In class, you’ve discussed several barriers to innovation and possible ways to overcome those barriers. In this activity, you will take the things you have learned and ponder ways to help a struggling company develop a more innovative culture.

Instructions

Read the article "Easy Ways to Innovate in Business."Links to an external site.
Write a 1-2 page initiative for Carol’s company (from the article) that you feel will help establish a more innovative culture. (Initiatives are specific projects or programs undertaken to achieve a goal or strategy.) Be sure to include in your initiative the following:

The innovative barrier you are addressing.
An explanation of the plan or process you propose to initiate to overcome the barrier.
An explanation of how you think the initiative will help establish a more innovative culture within the company.

Expert Solution