Buy custom What is innovation? Why do firms innovate? Give examples of companies and their most recent innovations.
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Business
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Number of pages / Number of words: |
3 / 681 |
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Yet another excuse that a firm may give in terms of not innovating would be their economic or industrial power. For example, a firm providing infrastructure support to the government may not see the need to innovate as much as other firms. These giants see themselves as monopolies and do not need to compete with each other in order to continue their survival in their respective industries...
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These giants see themselves as monopolies and do not need to compete with each other in order to continue their survival in their respective industries.
Having said that, we do see a giant monopoly engaging in intense research and development and that would be Microsoft. This operating software monopoly spends on an average US$5...
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