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1. Do you agree that we are in an innovation, or new, economy? Why or why not? If so, what are the implications of the move to an innovation economy? If not, in what ways are we still in the old, or industrial, economy?
2. To determine whether an innovation strategy is appropriate, the firm and its managers need to examine the potential benefits and drawbacks realistically. What are the benefits? Can you list and explain the benefits?
Thoughts?
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