Management of Technological Innovation
CMAT 2025 · Innovation & Entrepreneurship · Medium · Innovation
Given below are two statements: One is labelled as Assertion (A) and the other is labelled as Reason (R).
Assertion (A): The management of technological innovation is usually required under circumstances with increased vagueness, uncertainty and risk, and companies are giving importance to it. Reasons (R): Given that technological innovation is for many companies a primary way of competition in the twenty-first century, its management is an activity of vital importance.
In light of the above statements, choose the most appropriate answer from the options given below:
- A.
Both (A) and (R) are correct, and (R) is the correct explanation of (A).
- B.
Both (A) and (R) are correct, but (R) is NOT the correct explanation of (A).
- C.
(A) is correct, but (R) is not correct.
- D.
(A) is not correct, but (R) is correct.
A
Explanation
Technological innovation operates under uncertainty and risk, making its management crucial. Reason (R) correctly explains why companies prioritize managing innovation—because it serves as a primary mode of competitive advantage in the modern economy.
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