When Project Teams Get Too Used to Not Having to Go

question 32

Multiple Choice

When project teams get too used to not having to go through normal approvals to get things done, this is called

• A)Going Native.
• B)Bureaucratic Bypass Syndrome.
• C)Team Infatuation.
• D)Groupthink.

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Definitions:

IPO

Initial Public Offering, the process through which a private company goes public by selling its stocks to the general public for the first time.

Venture Capitalist

An investor who provides capital to startups or small businesses with high growth potential in exchange for equity stakes.

Competitive Business Environments

Scenarios where businesses compete for the same customers or market share, characterized by rivalry and the need for strategic planning.

Entrepreneurship

Engaging in the process of founding businesses, assuming financial jeopardy with the anticipation of earning profits.