Process innovation focuses on improving how things are done.Group of answer choicesTrueFalse
Question
Process innovation focuses on improving how things are done.
- Group of answer choices
- True
- False
Solution
The statement "Process innovation focuses on improving how things are done" is True.
Explanation:
Process innovation refers to the implementation of new or significantly improved production or delivery methods. This can include changes in techniques, equipment, and software that enhance efficiency and effectiveness. The aim of process innovation is to streamline operations, reduce costs, and improve quality. By focusing on how things are done, companies can create more value for their customers and maintain a competitive edge in the marketplace. This innovation is essential in today’s rapidly changing business environment as organizations continuously seek to adapt and improve their practices to respond to market demands and technological advancements.
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