For this study, innovation is defined as the ability to create new value propositions
through offering new products and services; adopting new operating practices: technological,
organizational, or market-oriented; or creating new skills and competencies Thus, firm innovative ability is both focused on content and processes. Given our interpretation of firm innovation, the framework for our hypothesis development is based on new products/services, opportunity recognition, process/practice development, and creativity in accomplishing goals.
For this study, innovation is defined as the ability to create new value propositionsthrough offering new products and services; adopting new operating practices: technological,organizational, or market-oriented; or creating new skills and competencies Thus, firm innovative ability is both focused on content and processes. Given our interpretation of firm innovation, the framework for our hypothesis development is based on new products/services, opportunity recognition, process/practice development, and creativity in accomplishing goals.
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