Statements on Innovation and Adoption Process
CMAT 2025 · Innovation & Entrepreneurship · Medium · Innovation Process
Given below are two statements
Statement I: Innovation, defined as the creation or adoption of new ideas, products, services, programs, technology, policy, structure, or administrative systems, is acknowledged as a source of sustained competitive advantage for many organisations. Statement II: The innovation adoption process does not depend upon the 'initiation stage,' which includes recognition of a need, knowledge acquisition, initial attitude formation, and innovation selection.
In light of the above statements, choose the correct answer from the options given below:
- A.
Both Statement I and Statement II are true.
- B.
Both Statement I and Statement II are false.
- C.
Statement I is true but Statement II is false.
- D.
Statement I is false but Statement II is true.
C
Explanation
Statement I is true. Statement II is false because the innovation adoption process heavily depends on the initiation stage (recognizing needs, acquiring knowledge, etc.).
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