A local technology firm is developing a new travel app that identifies antique shops and art galleries in the cities that you plan to visit. How can this tech firm reduce the risks involved in developing this new travel app?
What will be an ideal response?
One of the key elements in decreasing the risk of developing a new product is to listen to present and/or potential customers carefully. You need to ensure that potential customers need or want your product and can afford it. Your company should also fully commit to the new-product development process for the exercise to work correctly. Using market research, you need to understand current market trends and anticipate marketplace changes. In your research, you should ask the right questions that deal with demand, costs, quality, and other issues that are important to the customer. Also, failing should not be looked upon as totally negative, as firms can learn from these failures.
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Turnbull Software is a medium-sized but growing company that works diligently to create a supportive and familylike atmosphere for its employees. It provides superior benefits and involves employees in decisions large and small. Turnbull has a(n) ______ culture.
A. clan B. adhocracy C. market D. hierarchy E. espoused
Braden was recently told by senior management that they expected him to exercise more authority and leadership with his work group. Just two days prior to that, his team told him that while they appreciated the initiative he demonstrated, they expected him to be less authoritative and more democratic in the future. The term that best describes what Braden is experiencing is
A. role autonomy. B. role underload. C. role conflict. D. role carve-out. E. role distance.
A(n) ________ is a group of sentences about one idea
Fill in the blank(s) with correct word
________ is a short-term promissory note sold by large corporations to raise cash
A) U.S. Treasury bill B) Repurchase agreement C) Commercial paper D) Money-market mutual fund