If You Generate a New Idea That Has Not Yet

question 7

Multiple Choice

If you generate a new idea that has not yet been implemented by others, and the idea offers a more profitable use of some resource, it is likely an example of:

• A) innovation.
• B) market failure.
• C) intervention.
• D) a goal other than profit.

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Definitions:

Coordination Problems

Challenges that arise in ensuring that the tasks and activities of different individuals or departments within an organization are aligned and effectively integrated.

Mutual Adjustment

A coordination mechanism where parties continuously adapt and negotiate their work and behavior with each other in order to achieve a common goal.

Liaison Roles

Positions or duties in which an individual acts as a link to facilitate communication and coordination between different parts of an organization or between organizations.

Integrators

Organizational members permanently assigned to facilitate coordination between departments.