Create two measures of innovation for your organization. Why would these measurements be valuable?

Question

Question

business Operations-Management

Answer 1

Answer #1

Two measures of innovation are explained below:

Product Innovation: Within organizations emphasize is given to always improve their products in order to be ahead of competition in the market.
Process Innovation: In order to ease difficult and complex work in organization process innovation are given much importance.

These measures are valuable due to below reasons:

Product Innovation	Process Innovation
To bring in new and attractive features in a product	To reduce complexity by cutting down unnecessary works
Bring in revenue to the organization.	Saved cost of the organization.
Competitor’s advantage is built.	Empowers employees

Answer 2

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