Do you believe technological innovations are crucial today? What is the best way to allocate a...

Do you believe technological innovations are crucial today? What is the best way to allocate a company’s capital into innovation?

Expert Solution

Yes in my opinion, technological innovations are crucial today because in order to keep pace with the fast changing trends of the modern world and to serve the customers in a better manner, technological innovations are most important. Company's success or failure depends upon the level of modernity and technological advancements that the company has invested in and forms the backbone for any company.

The best way to allocate a company’s capital into innovation is by doing a cost-benefit analysis of the innovation and see whether it solves any purpose for the organization or not. Then a strategy has to be formulated to meet the capital requirements in a phased manner so that overspending is avoided and allocation is done properly. Finally Return on Capital Employed (ROCE) is calculated for the innovation requirement and verify whether the innovation has been beneficial for the organization or not.

keosha answered 4 months ago

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