<u><em>Product innovation</em></u> refers to efforts to create designs and applications of technology to develop new products, while<u><em> operations management </em></u>refers to efforts to improve the efficiency of organizational systems such as manufacturing and operations.
Explanation:
Product innovation refers to the development and market introduction of new and improved goods and services. This includes the design and application of technology to develop new products. On the other hand, operations management refers to the implementation of business practices in order to increase the efficiency of organizational systems within an organization.
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