Product and Service Innovation Essay
Document Type:Essay
Subject Area:Computer Science
This, therefore, calls for the need to embrace innovation as a competitive advantage aspect. Innovation is the state of developing a product or improving the quality of a service in an organization with an aim of meeting customer needs on the ground that customers are the key players in the market. Undeniably innovation plays an important role in balancing the ratio of labor and rewards. For instance, it improves productivity as well as enhancing employee morale (Shelton 2009). Aforesaid, as much as innovation is regarded as an important virtue in boosting organizational operations so as to meet customer expectations, it also plays a substantial role in improving employee's productivity. Peace and coordination enhance teamwork hence, the organization improves its products and services to meet customer expectations, a reason as to why innovation is perceived as a competitive strategy factor.
From $10 to earn access
Only on Studyloop
Original template
Downloadable
Similar Documents