Why is innovation so important for firms to compete in many industries?
Question:
Why is innovation so important for firms to compete in many industries?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (9 reviews)
Innovation enables firms to Introduce more product and service variations enabling better mar...View the full answer
Answered By
Ali Khawaja
my expertise are as follows: financial accounting : - journal entries - financial statements including balance sheet, profit & loss account, cash flow statement & statement of changes in equity -consolidated statement of financial position. -ratio analysis -depreciation methods -accounting concepts -understanding and application of all international financial reporting standards (ifrs) -international accounting standards (ias) -etc business analysis : -business strategy -strategic choices -business processes -e-business -e-marketing -project management -finance -hrm financial management : -project appraisal -capital budgeting -net present value (npv) -internal rate of return (irr) -net present value(npv) -payback period -strategic position -strategic choices -information technology -project management -finance -human resource management auditing: -internal audit -external audit -substantive procedures -analytic procedures -designing and assessment of internal controls -developing the flow charts & data flow diagrams -audit reports -engagement letter -materiality economics: -micro -macro -game theory -econometric -mathematical application in economics -empirical macroeconomics -international trade -international political economy -monetary theory and policy -public economics ,business law, and all regarding commerce
4.00+
1+ Reviews
10+ Question Solved
Related Book For
Strategic Management of Technological Innovation
ISBN: 978-1259539060
5th edition
Authors: Melissa A. Schilling
Question Posted:
Students also viewed these Business questions
-
State why it is so important for firms to keep track of the GST/HST that they pay each period.
-
Why are creativity and innovation so important to the survival and success of a business?
-
Why are creativity and innovation so important to the survival and success of a business?
-
Given: Pre-tensioned cables AB and AD, having tensions of 27 and T, respectively, are attached to end A of the L-shaped bracket and exert forces of FAB and FA AD; respectively, on the bracket due to...
-
The figure gives the times that it takes a Mitsubishi Eclipse GSX to reach speeds from 0 mph to 100 mph, in increments of 10 mph, with a curve connecting them. The area under this curve from t=0...
-
Explain how service firms can manage quality effectively.
-
Why might an organization choose a stability strategy? LO1
-
Use the information provided below to a. Compute the December 31, 2010 PBO and FMV of pension assets. b. Compute 2010 pension expense. c. Use the financial statements effects template to show the...
-
Example: A company anticipates that a long-term customer will require delivery of 1,000,000 euros of goods on March 1, 2022, so they decide to hedge the risk associated with this forecasted...
-
Indicate the effect that each of the following conditions will have on a firm's average variable cost curve and its average cost curve. a. The movement of a brokerage firms administrative offices...
-
What are some of the advantages of technological innovation? Disadvantages?
-
What marketing strategies are used by the producers of the product you identified for question 3? What are the advantages and disadvantages of these marketing strategies?
-
Distinguish between a DV and an IV in a regression analysis. In the regression approach to predicting price-change response, why is it usually best to have multiple IVs?
-
1 Evaluate the given limits using the 10. f(x) = (x-3)(x-5) (a) lim f(x) X-3 (b) lim f(x) x-3+ (c) lim f(x) X-3 graph of the function (d) lim f(x) x+5= (e) lim f(x) x+5+ (f) lim f(x) X-5 50 y -50 2 6...
-
In Year 1 , Stallman Co . had a break - even point of 8 0 , 0 0 0 units, a selling price of $ 1 9 per unit, and fixed costs of $ 2 0 0 , 0 0 0 . What is Stallman Co . s variable cost per unit? (...
-
What will be the output of following statements: int a = 3; if(a!= 3){ cout
-
28. What will this program print, assuming dynamic scoping? (10 points) Consider the following code snippet for problems #29-31. For this problem, assume dynamic scoping. program main() 1. 2. { 3. 4....
-
The reaction X + Y products was studied using the method of initial rates. The initial rate of consumption of X was measured in three different experiments. Data are provided below. Expt [X] 0 (in...
-
The amount of time it took 25 respondents to solve a particular task has been recorded in the following table: Develop a table to estimate the sample mean and sample standard deviation of the time...
-
A simple random sample of 220 university students were asked what pasta they usually order and with which sauce. The preferences of these respondents are summarised below: Sauce Bolognese Pasta...
-
Several studies indicate that the use of collaborative research agreements is increasing around the world. What might be some of the reasons that collaborative research is becoming more prevalent?
-
To what degree do you think the creativity of the firm is a function of the creativity of individuals, versus the structure, routines, incentives, and culture of the firm? Can you give an example of...
-
Pick a product you feel you know well. What intermediaries do you think are used in bringing this product to market? What valuable services do you think these intermediaries provide?
-
A firm purchased a new piece of equipment with an estimated useful life of eight years. The cost of the equipment was $65,000. The salvage value was estimated to be $10,000 at the end of year 8....
-
5. Which of the following is the cheapest for a borrower? a. 6.7% annual money market basis b. 6.7% semi-annual money market basis c. 6.7% annual bond basis d. 6.7% semi-annual bond basis.
-
Waterloo Industries pays 30 percent corporate income taxes, and its after-tax MARR is 24 percent. A project has a before-tax IRR of 26 percent. Should the project be approved? What would your...
Study smarter with the SolutionInn App