Innovation refers to the

A) lack of information regarding what exists in the environment.
B) people and groups with whom an organization interacts.
C) process of taking a new idea and putting it into practice.
D) return of jobs from foreign locations as companies establish new domestic operations.
E) things that an organization does extremely well and that gives it an advantage.

Innovation

The act of converting a concept or innovation into a product or service that adds value or is something consumers are willing to purchase.

New Idea

An original concept, thought, or innovation that has not been previously considered or implemented.

Lack of Information

A situation where insufficient or no data is available to make informed decisions or understand a situation fully.