Successfully Creating Innovations Through Internal Means Requires

question 27

Multiple Choice

Successfully creating innovations through internal means requires:

• A) a highly individualistic culture.
• B) significant spending on R&D.
• C) acquisitions of innovative firms.
• D) venture capital.

---

Definitions:

Competitive Advantage

A condition or circumstance that puts a company in a favorable or superior business position.

Market Segment

A subgroup within a larger market, defined by its unique needs, preferences, or demographics, that businesses target with specific products or marketing strategies.

Corporate Governance

The system of control and performance monitoring of top management.

Performance Monitoring

The continuous process of tracking and evaluating the efficiency, effectiveness, and productivity of an organization or individual.