What Is a Managerial Innovation

question 248

Multiple Choice

What is a managerial innovation?

• A)An innovation developed by the management of an organization
• B)An innovation designed to develop the managers in an organization
• C)New forms of strategy, structure, human resource systems, and managerial practices that facilitate organizational change and adaptation
• D)New forms of strategy, structure, human resource systems, and managerial practices that improve the way products and services are designed
• E)New forms of strategy, structure, human resource systems, and managerial practices that result in new products and services

Identify and describe the process of developing a balanced scorecard and the role of multifunctional teams in its creation.

Recognize how specific activities and performance measures relate to the different perspectives of the balanced scorecard.

Understand the concept of a strategy map and its differences from a measure map.

Comprehend the importance of focusing beyond financial measures in management assessment and strategy.

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Definitions:

Commercial Revolution

A period of European economic expansion, colonialism, and mercantilism from the 16th to the 18th century, which changed the world's trade networks.

Imperialism

A policy or practice by which a country extends its power and dominion over other nations or territories through colonization, military conquest, or economic domination.

Usury

is the practice of charging excessively high interest rates on loans, which has historically been considered morally reprehensible by many societies.

Maritime Power

Maritime power refers to a nation's strength and capability in navigating, controlling, and utilizing the seas for military, trade, or exploration purposes.