Backward Innovation Is When a Company Produces a Drastically Simplified

question 17

True/False

Backward innovation is when a company produces a drastically simplified version of a product due to lack of purchasing power or usage conditions.

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Definitions:

Ability And Skill

The capacity to perform tasks and actions with competence, often acquired or improved through practice and learning.

Cohesiveness

Refers to the bonds that hold a group together and the feelings of amity and closeness among its members, facilitating collective action and support.

Homogeneous Teams

Teams or groups comprised of members who share similar attributes, backgrounds, or skills.

Hackman

A psychologist known for his work on team effectiveness, emphasizing the importance of group design, leadership, and supportive organizational context.