Identify and Briefly Describe the Three Things That Companies Need

question 103

Essay

Identify and briefly describe the three things that companies need to be good at in order to successfully manage innovation streams. Explain why managing these factors is important. Specify which one of the three might tend to be more influenced by organizational culture and less influenced by the manager's own personal ability.

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Definitions:

Exports

Products or services made in one country and purchased by consumers in a different country, adding to the exporting nation's overall economic output.

Interest Rates

The cost of borrowing money or the return for investing money, usually expressed as a percentage of the principal per period of time.

Tight Money Policy

A monetary policy strategy used by central banks to reduce the money supply and increase interest rates to control inflation.

Net Exports

The difference between a country's total value of exports and total value of imports. Positive net exports indicate a trade surplus, while negative net exports indicate a trade deficit.