Which of the following statements is true of the experiential approach to innovation?
A) It aims to continue improving an existing technology as rapidly as possible.
B) It is used to manage innovation in more certain environments during periods of incremental change.
C) It assumes that incremental innovation can be planned using a series of steps.
D) It uses intuition and hands-on experience to reduce uncertainty and accelerate learning.

Question

Quizplus · Accepted Answer

The experiential approach to innovation relies on reducing uncertainty through intuition and hands-on experience, rather than planning incremental innovation using a series of steps. It is generally used in uncertain environments during periods of radical change, rather than in more certain environments during incremental change. Additionally, it is focused on exploring new technologies rather than improving existing ones as rapidly as possible.

Which of the Following Statements Is True of the Experiential