Firms that pursue a closed approach to innovation typically enjoy first-mover advantages.
Answer the following statement true (T) or false (F)
True
Firms in the closed innovation model are extremely protective of their intellectual property. This not only allows the firm to capture all the benefits from its own R&d, but also prevents competitors from benefiting from it. The mind-set of firms in the closed innovation model is that to profit from R&d, the firm must come up with its own discoveries, develop them on its own, and control the distribution channels. Strength in R&d is equated with a high likelihood of benefiting from first-mover advantages.
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In the _____ phase of decision making, decision makers collect facts, ideas, and beliefs.
Fill in the blank(s) with the appropriate word(s).
When a salesperson is faced with a unique set of customer problems to solve, the salesperson will most likely need to:
A. develop an atmosphere of goodwill. B. build self-confidence. C. enhance the buying and selling procedure. D. customize a product to best address the client's needs. E. act professionally.
Ashley just won the employee of the year award. The organization had a big ceremony and Ashley gave a speech. It appears the ________ dimension of cultural diversity is high at Ashley’s organization.
A. assertiveness B. future orientation C. gender differences D. individualism E. power-distance
________ shopping products are products that the customer sees as basically the same and wants at the lowest price.
A. Specialty B. New unsought C. Homogeneous D. Regularly unsought E. Unsought