173k views
2 votes
Asia's company comes up with a new method to manufacture its product that saves time, money, and effort. This is known as __________ innovation.

A) Incremental
B) Process
C) Product
D) Disruptive

User Kylc
by
8.0k points

1 Answer

6 votes

Final answer:

Asia's company's new method to manufacture its product more efficiently is an example of process innovation, which focuses on improving existing processes to reduce costs and increase productivity.

Step-by-step explanation:

When a company comes up with a new method to manufacture its product that saves time, money, and effort, this is known as process innovation. Process innovation refers to the significant improvement of an enterprise's existing process for producing goods or services. It might involve changes in equipment, materials, or software and may result in cost reductions or improved productivity. This is distinct from product innovation, which involves changes to the products or services themselves, and incremental innovation, which refers to small and continuous improvements. Meanwhile, disruptive innovation is something that shakes up an entire industry, often by creating a new market and value network that seriously affects the established leading companies. Examples of disruptive innovation include digital photography and cloud-based storage platforms.

User Wissam
by
7.4k points