Research Indicates That the Most Significant and Profitable Innovations That

question 31

Essay

Research indicates that the most significant and profitable innovations that many leading-edge firms have introduced in the past decade emerged from an informal championing effort rather than from a highly-structured planning system. What implications does this raise for structuring the new product development process, for motivating and rewarding employees, and for nurturing creativity and risk-taking?

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Definitions:

Negligent Misconduct

Actions or failure to act that demonstrates a careless disregard for the safety or welfare of others, falling below a standard of care.

Willful Misconduct

Intentional wrongdoing or a reckless disregard for the safety and rights of others.

Internal Revenue Code

The comprehensive set of tax laws in the United States that govern federal tax obligations.

Securities Act of 1933

A U.S. federal law enacted to ensure more transparency in financial statements and to prevent fraud in the sale of securities, requiring that investors receive significant information about securities being offered for public sale.