Asked by Gwyneth Paulino on May 28, 2024
Verified
The initial step of assessing in the innovation process involves commercializing innovation by turning it into actual products, services, or processes that increase profits by improving sales or lowering costs.
Innovation Process
A series of steps that includes the generation, development, and implementation of new ideas, products, or processes.
Commercializing Innovation
The process of transforming new ideas, technologies, or inventions into viable commercial products or services.
- Comprehend the process and importance of innovation in business.
Verified Answer
DH
Diana HenryMay 31, 2024
Final Answer :
False
Explanation :
The initial step of assessing in the innovation process involves evaluating the potential of an idea or invention to determine its feasibility, marketability, and profitability. It involves analyzing factors such as market demand, competition, technological feasibility, and financial viability. Commercializing innovation comes later in the process, after the idea has been fully developed and tested.
Learning Objectives
- Comprehend the process and importance of innovation in business.
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