The Choice of a Strategy to Exploit Innovation Depends on Two

question 38

Multiple Choice

The choice of a strategy to exploit innovation depends on two factors:

• A)Luck and past experience in the industry
• B)Characteristics of the innovation and a firm's financial resources
• C)Characteristics of the innovation and a firm's resources and capabilities
• D)All of the above

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Definitions:

Locus of Control

A psychological concept that refers to individuals' beliefs about the extent to which the outcomes of their actions are under their personal control or influenced by external forces.

Self-Concept

Refers to the individual's perception of themselves, encompassing beliefs, feelings, and thoughts about one's own identity.

Self-Efficacy

An individual's belief in their capacity to execute behaviors necessary to produce specific performance attainments.

Accomplishing

The act of completing a task successfully or achieving a goal through effort, skill, or courage.