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When a Large and Established Firm Gets into a New

question 214

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When a large and established firm gets into a new line of business, either on its own or by acquiring a smaller and newer innovative firm, what kind of structure does the new innovative unit require compared to that of the established parent?


Definitions:

Technical Information

Detailed data and knowledge about specific processes, designs, systems, or products, often requiring specialized understanding or expertise.

Creative Individuals

Persons who have the ability to think outside the box and produce ideas or solutions that are novel and valuable.

Social Approval

The acceptance or endorsement by others in a social context, often influencing behavior and self-esteem.

Idea Champions

Individuals who enthusiastically promote or support a new concept, project, or innovation within an organization, often driving its development and implementation.

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