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Corporate Innovation Introduction Iteration in corporate governance establishes values such as consistency to ensure that operations are elevated to escalate productivity. Additionally, corporate management design provides efficiency in crafting policies that increase firms' operations and procure best value addition practices. A three-step iteration process is discussed in this assignment as the backbone of effectively managed corporate organizations by setting stable, sustainable standards that elevate returns. Three Steps Iteration Process First, the formulation is one of the steps in creating an effective iterative corporate design that helps in brainstorming on some relevant policies during innovation. The step molds innovation by widening the scope of brainstorming on policies and measures that improve the creation of either a new product or service delivery in a firm (Kuratko, Goldsby, & Hornsby, 2018).

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