Which of the Following Should an Organization Do in Order

question 41

Multiple Choice

Which of the following should an organization do in order to obtain a competitive advantage through superior innovation?

• A) Reduce the number of components that go into its products
• B) Decrease the number of product attributes and lower the price of its products
• C) Set up a strong team to handle after-purchase support
• D) Produce products with technologies that have not been used previously
• E) Provide high-quality products to create a brand-name reputation for its products

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Definitions:

Formal

Pertaining to actions, events, or structures that are official, structured, and subject to rules or norms, often in contrast to informal counterparts.

Informal Groups

Social groups that form naturally within an organization, based on personal relationships and common interests, rather than being formally structured.

Organizational Goals

The strategic objectives that an organization aims to achieve, which guide its operations and decision-making processes.

Skunkworks

A term originating from Lockheed Martin that describes a project developed by a small, loosely structured group of people who research and develop a project primarily for the sake of radical innovation.