One of the Most Important Benefits of Crowdsourcing from Customers

question 10

Multiple Choice

One of the most important benefits of crowdsourcing from customers is:

• A)Small ideas grow to become broad new strategies
• B)It often takes many new ideas to yield a few really good innovations
• C)Good innovators invest in as many new projects as they can afford
• D)Innovation means launching many new products so that the market can sort out the winners and losers

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Definitions:

HR Strategy

A plan of action designed by an organization to maximize the productivity of its employees by optimizing its human resources practices.

Business Strategy

A plan of action designed to achieve a long-term or overall aim within the business environment, guiding decision-making and resource allocation.

Behavioral Perspective

An approach in psychology focusing on the study of observable behavior and its environmental determinants.

Strategic Management

The process of formulating, implementing, and evaluating cross-functional decisions that enable an organization to achieve its objectives.