Why is innovation necessary in a successful business


Problem 1: What do you feel is the best way for a company to transition from experimentation to innovation? Explain. Give an example of a company which transitioned successfully and one which did not.

Problem 2: Discuss resource allocation to execute IT experimentation and development plans.

Problem 3: Explain the characteristics of collaboration within your organization, or organization with which you have been associated. Explain the four components that must be in place to ensure successful collaboration in terms of your organization or an organization with which you have been associated.

Problem 4: Why is innovation necessary in a successful business? Describe the relationship that exists between innovation and strategic experimentation.

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