One Method by Which a Company Can Manage and Run

question 88

Short Answer

One method by which a company can manage and run open innovation is the _____ method wherein the company poses a challenge and offers a financial reward to the person, company, or team that solves the problem first.

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Definitions:

Channel Stuffing

A practice where a company inflates its sales and earnings figures by deliberately sending retailers along its distribution channel more products than they can sell to the end-user.

Earned Revenue

Income a company receives from its business activities, such as sales of goods or services, in contrast to revenue from investments or other sources.

M-form Organization

A type of organizational structure in which a company is divided into semi-autonomous units or divisions, each with its own profit responsibility.

Divisional Conflicts

Disputes or disagreements between different divisions or departments within an organization, often arising from competition for resources, differing objectives, or misaligned incentives.