The late Thomas McCraw of the Harvard Business School once wrote that when their innovations dwindle, firms
Question:
The late Thomas McCraw of the Harvard Business School once wrote that “when their innovations dwindle, firms begin to die.”
a. What is an innovation?
b. What does McCraw mean by “when their innovations dwindle”?
c. Briefly explain whether you agree that when a firm stops innovating, it is likely to die.
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Step by Step Answer:
a Innovation refers to the process of creating something new or significantly improving existing pro...View the full answer
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