Innovation is the managed effort of an organization to develop new products or services or new uses for existing products or services.

Question

Quizplus · Accepted Answer

This statement is true as innovation involves intentional and organized activities to bring about new ideas, products, or services within an organization. It is a deliberate and strategic approach to improve and transform an organization's operations, products, or services to meet evolving customer needs and changing market demands.

Innovation Is the Managed Effort of an Organization to Develop