Firms Rely on Bottom-Up Innovation Processes to Communicate a Strategy

question 71

Multiple Choice

Firms rely on bottom-up innovation processes to communicate a strategy because:

• A)Communicating upward means that someone has championed the vision internally
• B)Top management sees the merits and feasibility of the strategy already
• C)Middle-level and division managers are empowered to take ownership and propose new strategies
• D)Communicating upward means that the support of the people needed to implement the strategy is accomplished

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Definitions:

Fee Simple Absolute

The most complete ownership of property recognized by law, where the owner has unlimited control over the property and can dispose of it at will.

Parcel

A package or bundle of goods wrapped or packed up; also can refer to an individual plot of land.

Personal Property

Movable items owned by an individual or corporation, as opposed to real property like land or buildings.

Lease Interest

Lease interest typically refers to the financial interest or cost associated with leasing a property or equipment, which includes the rate at which interest is charged on the lease balance.