Kevin Freeman Is the Head of a Team Developing Plastic

question 1

Multiple Choice

Kevin Freeman is the head of a team developing plastic knee replacements.Each member of the team brings specialized knowledge to the innovation process.Without both engineers and materials specialists,the project could not be successful.This is an example of the:

• A)benefits of the use of dispersed specific knowledge.
• B)costs of employee buy-in.
• C)costs of collective-action problems.
• D)free-rider problem.

---

Definitions:

Analyzer Strategy

A business approach where a company monitors the market and competitors' actions, innovates incrementally, and follows the market leader's successful moves.

Entrepreneurial Employees

Employees who exhibit entrepreneurial characteristics within an organization, including innovation, risk-taking, and proactiveness, contributing to the company's growth.

Flexible

The ability to easily adapt to new, different, or changing requirements and situations.

Agency Problem

arises in situations where there is a conflict of interest between the principals (owners) and agents (managers) of an organization, leading to potential difficulties in aligning their goals.