The power of innovation is the power of competitive advantage and power of winning There are four types of innovation: Product innovation: results in new products or service or in enhancements to old products or services. ... Management innovation: improve the way the organization is managed. All the innovation is aim at gaining the competitive advantage in the market. ... The technology is the tool that enables the innovation. ... To keep up the pace with the technology development and innovation, a successful firm really has to place a high value on both product and process inn...

• Word Count: 2943
• Approx Pages: 12
• Has Bibliography
• Grade Level: Undergraduate