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Transcendent Technologies is deciding between developing a complicated thought-activated software,or a simple voice-activated software.Since the thought-activated software is complicated,it only has a 30% chance of actually going through to a successful launch,but would generate revenues of $50million if launched.The voice-activated software is simple and hence has a 80% chance of being launched but only generates a revenue of $10million.The complicated technology costs 10million,whereas the simple technology costs 2million.
-Launching the simplified version would be a mistake for probabilities less than ___?
Responsibilities
Duties or tasks that an individual or entity is expected to perform or oversee.
Lean Manufacturing
A systematic method for waste minimization within a manufacturing system without sacrificing productivity, focusing on value creation for the end customer.
Cost Effectiveness
An evaluation measure that compares the relative costs and outcomes (effects) of different courses of action to determine which offers the best return or results for the resources invested.
Caring Leadership
A leadership approach emphasizing empathy, support, and concern for the well-being of followers.
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