All of the following statements about innovativeness are true, except
A. it refers to a firm's efforts to find new opportunities and novel solutions.
B. it refers to making decisions and taking risks without certain knowledge of probable outcomes.
C. it is aimed at developing new products, services, and processes.
D. it involves creativity and experimentation.
Answer: B
You might also like to view...
An isolated store location is most suitable to a retailer _____
a. that is a parasite b. that can attract and hold its target market c. with a mass marketing strategy d. with a multiple segmentation strategy
In expanding into foreign markets, a company can strive to gain competitive advantage (or offset domestic disadvantages) by
A. avoiding the use of strategies that entail coordinating its domestic strategic moves with its strategic moves in the various foreign markets it enters. B. locating buyer-related activities in all countries where it sells its product. C. building a state-of-the-art facility to fully capture scale economies via an export strategy. D. dispersing its activities among various countries in a manner that lowers costs or else helps achieve greater product differentiation and transferring competitively valuable competencies and capabilities from its domestic operations to its operations in foreign markets. E. using export, licensing, or franchising strategies so as to minimize risk and capital investment.
All of the following are the steps for SMED (not necessarily in order) except?
a. Identify external setup tasks b. Streamline internal and external elements c. Convert internal setup activities to external setup activities d. Eliminate external setup activities
A manager's primary job is to
A) make sure his or her employees' work meets certain criteria. B) assemble the products or provide the services that the company sells. C) respond to customers' complaints about the company's offerings. D) invest some of his or her compensation in company shares.