Question

Which of the following defines the concept of innovation

Answer 1

Answer:

this chapter outlines some major steps in the evolution of the concept of innovation, shaping the meaning attributed to it at the beginning of the 21st century, as the inevitable necessity of economic and social growth and deployment. according to schumpeter's interpretation, innovation is a technical change, a historical and irreversible transformation in methods. according to wolfe, there are many theories of innovation, but, although they each have their value, they are confined to a particular perspective.

Explanation:

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