A Unit That Is Separate from the Mainstream of the Organization

question 139

True/False

A unit that is separate from the mainstream of the organization and is responsible for developing and initiating innovations is called a new-venture team.

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Definitions:

Market Diversity

The variety and heterogeneity of products, services, consumers, and entities within a market, enhancing competition and innovation.

Polycentric View

Refers to a perspective in international business where a company adapts its strategies and operations to the local conditions of the countries it operates in, often giving significant autonomy to each local branch.

Divestiture

The process of selling off subsidiary business interests or investments by a company to refocus its operations or to raise capital.

Core Competencies

Fundamental strengths or advantages of a business or organization that set it apart from competitors.