Question

The innovation management system approach yields two favorable outcomes: it helps create an innovation-oriented company culture, and it ________.

A) clearly assigns responsibility for the process
B) yields a larger number of new-product ideas
C) guarantees successful products
D) frees up senior management time
E) requires less budget support

Answer 1

The innovation management system approach helps create an innovation-oriented company culture and yields a larger number of new-product ideas.

Step-by-step explanation:

The innovation management system approach yields two favorable outcomes: it helps create an innovation-oriented company culture, and it yields a larger number of new-product ideas.

A number of different government policies can increase the incentives to innovate, such as guaranteeing intellectual property rights and providing government assistance with the costs of research and development. These policies can encourage companies to invest in innovation and come up with new product ideas.

By promoting a culture of innovation and providing support for research and development, the innovation management system approach can lead to a higher number of new product ideas.