WayWard Products Has a Deliberate Strategy to Encourage Internal Innovations

question 102

Multiple Choice

WayWard Products has a deliberate strategy to encourage internal innovations.It has established processes to support autonomous strategic behavior as well as induced strategic behavior.WayWard Products is involved in:

• A) entrepreneurial incubation.
• B) creative destruction.
• C) internal corporate venturing.
• D) cooperative innovation strategies.

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Definitions:

Natural Resources

Natural resources are materials or substances such as minerals, forests, water, and fertile land that occur in nature and can be used for economic gain.

Business Planning

The process of formulating goals, strategies, and actions to start, sustain, and grow a business.

Communism

An economic system characterized by public ownership of property and government planning of the economy.

Capitalism

The dominant economic system in the world today. Capitalist economies are characterized by private ownership of property and competition in the pursuit of profit.