1. Explain the importance of innovation in operation management. 2. Explain the
ID: 366539 • Letter: 1
Question
1. Explain the importance of innovation in operation management. 2. Explain the dilemma facing all organizations concerning the need for creativity and stability 3. How do you solve the difficulties of managing uncertainty? 4. What is the relationship between the activities performed and the organizational environment in promoting innovation? How does the pattern of consumption influence the likely success or failure of a new product? 6. Explain the structures and activities that the state uses to facilitate innovation. 7. What is the role of key individuals within the process? Briefly explain.Explanation / Answer
Explanation:
Importance of innovation in Operation Management:
-Over the last some years innovation has became critical in management to achieve success and productivity manager has expected. Everyday there is new problem in management and managers are in need to find an innovation to tackle that problem.
- It creates competitive advantages for firm and distinguished it from another companies. It’s the better way to create something new within the firms. It adds value for the firms and put it on map compared to others.
- Innovation finds a new way to solve the problem and gives a best method to solve a problem in different way. Innovation will establish a new way or new stream to solve the longstanding program for the firm.
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