Which of the Following Strategies Can Help Business Firms Stimulate

question 67

Multiple Choice

Which of the following strategies can help business firms stimulate innovation?

• A)Hiring employees who have low risk tolerance
• B)Letting employees know that they must fear failure and should not attempt anything that might fail
• C)Instructing managers to use micromanagement techniques
• D)Using teams of writers to build scenarios of opportunities and threats

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Definitions:

Vertical Layers

Layers within an organization that represent different levels of authority and responsibility, from top-level management to frontline workers.

Functional Structures

refers to an organizational layout where departments are grouped based on specialized functions such as marketing, finance, and production.

Cost Containment

Strategies and measures implemented by an organization to control or reduce its expenses, aiming to improve its financial efficiency.

Cooperation

The process of groups or individuals working together towards a common goal or benefit, often requiring communication and compromise.