A New-Product Team Is Different from a Venture Team in a New-Product

question 35

True/False

A new-product team is different from a venture team in a new-product team is comprised of functional specialists working on a specific new-product development project.

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Definitions:

Ethical Standards

Principles that guide behavior and actions based on what is morally right and wrong.

Culture

The collective beliefs, practices, languages, creations, historical accounts, folklore, and structures of a community that are transmitted through successive generations.

Future Orientation

A mindset or perspective that focuses on planning, anticipating, and preparing for future events, goals, or possibilities.

Short-term Sacrifices

Giving up something valued in the near term with the expectation of gaining benefits in the future.