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@ -1825,10 +1825,9 @@
- Market pull - Market pull
- Universities & industry liaison - Universities & industry liaison
- Simultaneous coupling: involves a continuous process of feedback and iteration. - Simultaneous coupling: involves a continuous process of feedback and iteration.
- interactive: takes simultaneous coupling one step further, - interactive: takes simultaneous coupling one step further, Innovations occur due to work in universities, industry and from market demand
- ### Characteristics of Innovative Companies - ### Characteristics of Innovative Companies
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Innovative companies share certain characteristics, such as: #flashcard Innovative companies share certain characteristics, such as: #flashcard
- A willingness to take risks and experiment with new ideas. - A willingness to take risks and experiment with new ideas.
- A focus on customer needs and preferences. - A focus on customer needs and preferences.
@ -1836,7 +1835,6 @@
- A commitment to continuous improvement and innovation. - A commitment to continuous improvement and innovation.
- ### Strategies for Fostering a Culture of Innovation - ### Strategies for Fostering a Culture of Innovation
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Companies can foster a culture of innovation by: #flashcard Companies can foster a culture of innovation by: #flashcard
- Providing resources, such as funding, time, and expertise, to support innovation initiatives. - Providing resources, such as funding, time, and expertise, to support innovation initiatives.
- Encouraging collaboration and cross-functional teams. - Encouraging collaboration and cross-functional teams.