Which of the following is a key ability under innovation capabilities?

The identification of innovating ways of organizing as a key ability under innovation capabilities is significant because it emphasizes the importance of creative problem-solving and rethinking traditional structures within organizations. This ability enables businesses to adapt to changing environments, optimize processes, and enhance overall efficiency, which are essential for maintaining a competitive edge in today's rapidly evolving marketplace.

Organizations that focus on innovating their structures and processes can streamline operations, foster collaboration among teams, and enhance communication, leading to better decision-making and responsiveness to market demands. This capability allows companies to explore new business models, enhance product development, and improve customer engagement, ultimately driving greater innovation throughout the organization.

While hiring specialized personnel and improving supply chain logistics are valuable activities, they do not specifically embody the core aspect of innovation capabilities, which revolves around creatively redefining the way an organization operates at its core. Organizing corporate events, although beneficial for networking and team building, also does not directly contribute to the innovative ability of an organization in the same fundamental way that innovating ways of organizing does.