Employees Will Be Able to Obtain a Proportionately High Level

question 78

Multiple Choice

Employees will be able to obtain a proportionately high level of profits they generate (relative to the firm) if

• A) suppliers are loyal to the firm.
• B) their expertise is firm-specific.
• C) the cost to the firm of replacing them is high.
• D) the firm's resources are path dependent.

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Definitions:

Open Innovation

An approach to innovation that stresses the importance of collaboration with external partners and the exchange of knowledge to spur creativity and new developments.

External Sources

Information or inputs that come from outside an organization or individual's immediate environment.

Open Innovation

A business model that encourages sharing ideas and improvements among diverse organizations, communities, or individuals to drive technology and product development.

Creative Deviance

An act of breaking rules or norms to come up with creative or innovative solutions or outcomes.