Explain the importance of establishing well-defined steps

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Question: Employees at any level could have the ideas that move a company forward. The key is how a manager collects, cultivates, and encourages the development of these innovative ideas. Explain the importance of establishing well-defined steps to strategically manage an organization's innovation development process. Provide an example of the benefits of a formal process and some of the pitfalls that may be encountered with an informal process or with no process at all.

Reference no: EM133405046

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