Randall, Senior Product Development Manager at WasteTech Corporation, Is Considering

question 30

Multiple Choice

Randall, senior product development manager at WasteTech Corporation, is considering the acquisition of a new waste treatment technology from a small development firm. The asking price is $10 million. However, the environmental uncertainty of the waste treatment marketplace is both complex and dynamic. Randall wants to acquire the new technology but seeks to manage the risk associated with his decision, or "hedge his bets." Key elements of his risk management strategy might be to

• A)gain competitive intelligence through environmental scanning, develop business scenarios, forecast sales, and benchmark the technology.
• B)diversify, merge, divest, prospect, or defend the technology.
• C)establish visible artifacts; develop symbols, rites, and ceremonies; and develop stories about the technology.
• D)decide upon a clan (collaborate), adhocracy (create), hierarchy (control), or market (compete)culture from which to market the technology.
• E)buffer, smooth, and empower in order to manage the technology supply chain.

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Definitions:

Flowering Plants

Plants that belong to the group Angiosperms, characterized by bearing flowers in which seeds are enclosed within a fruit.

Mammals

A class of warm-blooded vertebrate animals that possess hair or fur, and whose females produce milk for feeding their young.

Insects

Small arthropods belonging to the class Insecta, characterized by three-part bodies, usually two antennae, and compound eyes.

Amphibians

Cold-blooded vertebrates that live both in water and on land at different stages of their life, such as frogs and salamanders.