Gaining competitive advantages from innovation is often about how quickly and effectively a manager brings the idea to market. This week, discuss ways to improve effectiveness and efficiency of procedures to bring ideas to market.
What are some advantages and disadvantages of having formalized procedures to improve the effectiveness and efficiency of innovating? Provide at least 1 example of each to support your response.
Response Requirements
- By Thursday, respond to the prompt above in a minimum of 175 words.