Match List I with List II
|
LIST I |
LIST II |
|
A. Analytical Planning |
I. reward employees |
|
B. Resource organisation |
II. accomplish plans and delivering results |
|
C. Implementation |
III. obtaining the material |
|
D. Commercial Application |
IV. carefully identifying the product |
Choose the correct answer from the options given below:
Answer & explanation
Correct answer: option 4
The correct answer is option (4) - A-IV, B-III, C-II, D-I
Elements in the innovation process:
Analytical planning: Carefully identifying the product or service features, design as well as the resources that will be needed.
Resource organization: Obtaining the required resources, materials, technology, human or capital resources.
Implementation: Applying the resources in order to accomplish the plans and delivering results.
Commercial application: The provision of value to customers, reward employees, and satisfy the stake holders.
