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Conclusion Innovation has the ability to create new value for businesses and organizations, but it must be managed carefully in order to be successful. The process of innovation involves four distinct stages: ideation, development, commercialization, and scaling. Each stage presents its own challenges and opportunities, but the rewards can be great if innovation is managed effectively. Organizations that innovate successfully tend to have a few key attributes in common. They are open to new ideas, willing to take risks, and have a culture that supports creativity and experimentation....