McGrath and Keil Researched the Types of Human Resource Management

question 6

Multiple Choice

McGrath and Keil researched the types of human resource management practices that effective firms use to capture value from their innovation efforts.Which of the following is not one of their findings?

• A) Create innovation teams with experienced players.
• B) Require that employees serve in the new venture group as part of their career climb.
• C) Transfer people to mainstream management positions after they have experience in the new venture group.
• D) Integrate the performance of individuals with the performance of the innovation.

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Definitions:

Price Mechanism

is the process by which the forces of supply and demand determine the price of goods and services in a market economy.

Circular Flow Model

An economic model illustrating the movement of goods, services, and money between households and businesses in an economy.

Demand

The desire and ability of consumers to purchase goods or services at given prices, playing a critical role in determining market prices and quantities.

Supply

The aggregate availability of a product or service for acquisition at a designated price.