as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
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how does the innovation process work?
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the innovation process is the method or procedure used to create new ideas, products, services, or processes. it often involves identifying needs or problems, researching solutions, developing an innovative idea, testing and evaluating the idea, and then commercializing or launching the product or service. it is an iterative process that often involves trial and error as well as feedback and revision. the goal is to find a successful outcome that meets the needs of the customer while providing value or a solution as efficiently and effectively as possible.
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