Discussion 1 ent/527 | ENT527 Opportunity Assessment And Innovation | University of Phoenix

In a minimum of 175 words, Employees at any level could have the ideas that move a company forward. The key is how a manager collects, cultivates, and encourages the development of these innovative ideas.

Explain the importance of establishing well-defined steps to strategically manage an organization’s innovation development process. Provide an example of the benefits of a formal process and some of the pitfalls that may be encountered with an informal process or with no process at all.