ITPEC IP October 2019 Question 85
ITPEC IP October 2019 — Question 85 of 100
Innovation is the creation or practical introduction of a major new business model, product, process, or technological approach. It turns new ideas or inventions into value and can reshape markets, operations, or customer behavior.
Answer (a)
Why not others:
- migration moves data, applications, or systems from one environment to another
- a real option is a managerial right to make a future investment decision as uncertainty changes
- revolution is a general term for drastic change, not the standard management term requested
Key rule: In business and technology management, innovation means applying new ideas to create significant economic or social value.
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