Chapter 7, Problem 7RDQ

Summary Introduction

To determine:

Whether the statement that mistakes are admissible by innovation, however recurring mistakes proves to be disastrous” is correct. The implication associated with nurturing innovation.

Introduction:

Innovation refers to the process wherein invention or idea are translated into services or good for which customer will pay or that creates a value. An idea must satisfy a particular need and should be replicable at an economical cost in order to be called as an innovation.