Forward-Looking Companies Have Discovered That Their Own Organization Does Not

question 103

Multiple Choice

forward-looking companies have discovered that their own organization does not generate enough useful new-product ideas.This has caused them to find new product ideas by developing strategic relationships with outside individuals and organizations.This practice is referred to as __________.

• A) innovation alliances
• B) open innovation
• C) open collaboration
• D) "piggy-back thinking"
• E) stakeholder cooperation

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Definitions:

Discrete

Relating to data or variables that represent distinct values, often countable and not continuous.

True (On) Or False (Off)

This refers to binary states in digital systems, with "True (On)" indicating an active or high state and "False (Off)" indicating an inactive or low state.

Redundant PLC System

A PLC setup where multiple processors or systems are used in parallel to ensure continued operation in case one fails.

Two Processors

A system configuration that involves two central processing units (CPUs) working together, often to increase performance or provide redundancy.