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"Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela

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Approaches to Innovation

Approaches to Innovation

Q "Innovation Applied" Please respond to the following: Analyze the different approaches to innovation discussed in this chapter to determine which approach you think would be the greatest value to the greatest number of organizations. Explain your rationale. Create one innovative approach that is not discussed in the textbook for increasing the amount of innovation within a large company. Describe this approach in detail and explain how companies could benefit from it.

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1. I think that the concept of innovation should be considered as the best approach as it can offer a great value for the organization and its business operations. There are several kinds of approaches to the innovation. An organization can implement innovation in the campaign for generating new ideas and select the best. However, a good idea can be neglected by the review team. A great innovative approach is involving the innovation teams for creating something unique. On the other hand, the collaborative idea environment suggests the employee interaction within a creative environment generating unique ideas.