Give an original response (no copied intormation from internet)to the following statement:
Having well-defined processes goes outside of just having acontrolled innovative environment for managing the development ofnew products. Now more than ever, firms are seeking to gaincompetitive advantages by shifting focus to a more innovativeapproach. Having a well-defined process, is a smart way to handlethe many new and unique ideas that come along with being moreinnovative.
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