According to a Study by the National Federation of Independent

question 65

Multiple Choice

According to a study by the National Federation of Independent Business,the most common source of new product ideas for small business startups is

• A)prior work experience.
• B)personal interests and hobbies.
• C)a chance happening.
• D)existing records of a business.

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Definitions:

Planned Change

Change resulting from a deliberate decision to alter the organization.

Deliberate Decision

A decision-making process where all options are carefully considered and evaluated before making a choice.

Alter An Organization

The act of making changes to an organization's strategy, structure, practices, or culture to adapt to internal or external influences.

Strategic Change

A process of altering an organization's strategy to adapt to changes in the internal or external environment.