When a Firm Makes Such Radical Changes to Its Business

question 87

True/False

When a firm makes such radical changes to its business processes for producing products and services that it alters the fundamental structure of an industry, it is pursuing an innovation strategy.

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Definitions:

Challenging Goals

Specific, difficult objectives set to motivate and improve performance by pushing boundaries beyond the current capabilities.

Positive Attitude

A mental state which involves looking at the good side of things and expecting positive outcomes.

Hope

An optimistic state of mind based on the expectation of positive outcomes with respect to events and circumstances in one's life or the world at large.

Joining Threshold

The minimum criteria or conditions required for an individual or entity to become part of a group, organization, or system.