Why Is Innovation a Key Component of a Manager's Job

question 37

Multiple Choice

Why is innovation a key component of a manager's job in today's business environment?

• A)Innovation keeps employees on their toes.
• B)Innovation gives companies a "fresh" image without changing much real substance.
• C)New approaches are always superior to old approaches.
• D)Innovation efforts are needed in all types of organizations.

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Definitions:

Transnational Organizations

Businesses that operate across national borders, dealing in goods or services in more than one country.

Global Viewpoint

An outlook that considers the broad, interconnected implications of events, policies, and decisions on the international stage.

Guanxi

A Chinese term representing the intricate network of relationships that individuals cultivate for mutual benefit, especially in business contexts.

Personal Connections

Relationships or networks formed between individuals based on mutual interests, shared values, or professional affiliations.