The introduction of a new or improved method for the production that adds value to the organization.Group of answer choicesNone of the aboveProcess InnovationService InnovationProduct Innovation
Question
The introduction of a new or improved method for the production that adds value to the organization.Group of answer choicesNone of the aboveProcess InnovationService InnovationProduct Innovation
Solution
The answer is Process Innovation. This term refers to the implementation of a new or significantly improved production or delivery method. This includes significant changes in techniques, equipment and/or software. It adds value to the organization by improving efficiency, productivity, quality, or reducing costs.
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