When an Existing Firm Uses the Tools and Concepts Learned

question 30

Multiple Choice

When an existing firm uses the tools and concepts learned from strategic management in order to pursue innovation,it is said to be engaging in:

• A) Strategic entrepreneurship.
• B) Strategic invention.
• C) A strategic venture.
• D) A short-term strategy.

---

Definitions:

Drug Therapy

The treatment of disease by administering chemical substances, especially pharmaceutical drugs.

Psychological Therapy

The treatment of mental health issues through structured interactions between a therapist and a client, using established psychological methods.

Role-play

An educational or therapeutic technique involving acting out roles in specific scenarios to learn or practice certain behaviors or skills.

Fear

An emotional response to perceived threats or danger, involving both physiological and behavioral reactions.