Once you have been able to gain allies and overcome employee resistance, excellent ______ will be a key to fostering innovation.
A. organization
B. communication
C. production
D. execution
E. recognition
D. execution
Four steps to making innovation happen within an organization include (1) recognize problems and opportunities and devise solutions, (2) gain allies by communicating your vision, (3) overcome employee resistance, and (4) execute well.
You might also like to view...
An employee's total earnings before deductions is called full employment
Indicate whether the statement is true or false
Which of the following documents would be prepared (by a buyer of goods) after the others?
a. Receiving report b. Check c. Purchase requisition d. Purchase order
Teel is a plumbing fixture manufacturer's salesperson. He sells to wholesalers, homebuilders, and retailers. His marketing plan calls for going to four trade shows a year. He recently found out that there would be a new Home Show aimed at consumers in his territory and he wants to attend. His boss gives him permission to attend the additional show. Which of the following concepts in successful marketing planning is exemplified in this scenario?
A. Stay strategic, but also stay on top of the tactical. B. Give yourself and your people room to fail and try again. C. Don't underestimate the implementation part of the plan. D. Stay flexible. E. Utilize input, but don't become paralyzed by information and analysis.
On March 12, Klein Company sold merchandise in the amount of $7,800 to Babson Company, with credit terms of 2/10, n/30. The cost of the items sold is $4,500. Klein uses the perpetual inventory system and the net method of accounting for sales. On March 15, Babson returns some of the merchandise, which is not defective. The selling price of the returned merchandise is $600 and the cost of the merchandise returned is $350. The entry(ies) that Klein must make on March 15 is (are):
A.
| Accounts receivable | 600 | |
| Sales returns and allowances | 600 | |
| Cost of Goods Sold | 350 | |
| Merchandise inventory | 350 |
B.
| Sales returns and allowances | 588 | |
| Accounts receivable | 588 | |
| Merchandise inventory | 350 | |
| Cost of goods sold | 350 |
C.
| Sales returns and allowances | 588 | |
| Accounts receivable | 588 | |
| Merchandise inventory | 343 | |
| Cost of goods sold | 343 |
D.
| Sales returns and allowances | 350 | |
| Accounts receivable | 350 |
E.
| Accounts receivable | 600 | |
| Sales returns and allowances | 600 |