Process of learning and failing at innovative venture


Please help me with the following questions.

Problem 1: What lessons could be learned through the process of learning and failing at an innovative venture?

Problem 2: Can a company be competitive if they do not continue to innovate? Why or why not?

Problem 3: List an example of a company that has been successful due to innovation and forecast what you believe their potential for continued success may be in the next decade?

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