The Strategy That Deals with Product and Process Innovation and Improvement

question 74

Multiple Choice

The strategy that deals with product and process innovation and improvement is known as a ________ strategy.

• A)marketing
• B)R&D
• C)operations
• D)financial
• E)human resource management

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Definitions:

Informational Social Influence

influence resulting from a person’s willingness to accept others’ opinions about reality.

Collectivism

A cultural or political philosophy that emphasizes the importance of the group or community over individual interests.

Conformity

The act of adjusting one's behavior or thinking to align with the group norms or expectations, often as a result of real or imagined group pressure.

Collectivism

A cultural value that prioritizes the group's needs over individual desires or accomplishments, often associated with societies that emphasize social harmony and interdependence.