Answer the question below in no more than 1,500 words (excluding references), ensuring you support your analysis with relevant material from the course. “What role does innovation play in the growth of a business?”
Note: To answer the question, the following theories are to be considered and be related to the role of innovation in the growth of a business:
– Resource Based View (RSB) Theory
– Agency Theory
– Stewardship Theory
– Life Cycle Theory
Give examples of companies to elaborate on your points.