Asked by Shashank Neela on Sep 26, 2024

Inability to achieve cooperation, according to a business ecologist, is the major factor today limiting the spread of realized innovation.

Realized Innovation

The process where innovative ideas are successfully implemented and brought to the market, transforming them from concepts into practical, usable solutions or products.

Cooperation

The act of working together towards common goals or interests, often leading to mutual benefit and success.

  • Elucidate the contributions of competition and collaboration to the dynamics of a business ecosystem.
  • Acknowledge the role of forecasting and innovation in the planning of business strategies.