Organization have a fomal innovation strategy
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Organizational innovation: Examples from Samsung, Apple, McDonalds and Microsoft. Through organizational innovation, the world's most innovative companies have largely created structures that remove structural barriers. They have established an innovation culture and improved their innovation capability.
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An innovation strategy is a plan to grow market share or profits through product and service innovation. ... When it comes to creating the solution, an innovation strategy must also indicate whether a product improvement, or a disruptive or breakthrough innovation approach is best.
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