An Approach to Internal New Venturing That Has Been Championed

question 50

True/False

An approach to internal new venturing that has been championed by those who believe that the best way to encourage new-product development is to integrate this effort into the rest of the organization is the creation of a new-venture division.

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Definitions:

McDonaldization

A term used to describe the process by which the principles of the fast-food restaurant are coming to dominate more sectors of society and the world, characterized by efficiency, calculability, predictability, and control through technology.

Subcultures

Groups within a larger culture that have their own distinct values, norms, and practices, often diverging from those of the main society.

Risky Decisions

Choices made under conditions of uncertainty that have the potential to lead to negative outcomes or loss.

Instrumental Needs

Basic requirements essential for individuals' survival and functionality, including food, shelter, and health.