A managerial innovation that improves the efficiency of a company's cross-functional teams would be considered a ______ innovation.

A. product
B. process
C. core
D. transformational
E. practical


B. process

You may need to improve the process by which the product or service is created, manufactured, or distributed; this is generally a managerial innovation. A process innovation is a change in the way a product or service is conceived, manufactured, or disseminated.

Business

You might also like to view...

Blue Hamster Manufacturing Inc. just reported earnings after tax (also called net income) of $9,750,000 and a current stock price of $36.75 per share. The company is forecasting an increase of 25% for its after-tax income next year, but it also expects it will have to issue 2,900,000 new shares of stock (raising its shares outstanding from 5,500,000 to 8,400,000).

If Blue Hamster's forecast turns out to be correct and its price/earnings (P/E) ratio does not change, what does the company's management expect its stock price to be one year from now?

Business

What is organizational change, and what are two major areas of change in organizations?

What will be an ideal response?

Business

Tying arrangements and cross-licensing are unlawful because they tend to reduce competition

Indicate whether the statement is true or false

Business

The Securities and Exchange Commission was intended to be a "watchdog" agency that would ensure full disclosure of material information to the investing public

Indicate whether the statement is true or false

Business