After a New Business Concept Has Been Tentatively Validated During

question 73

Multiple Choice

After a new business concept has been tentatively validated during the corporate new venturing process, attention shifts to all except ________.

• A) planning a merger
• B) assembling resources and capabilities
• C) meeting production and sales goals
• D) solidifying the organizational structure

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Definitions:

External Equity

The fairness of an employee's compensation as compared to what others in the external job market are receiving for similar work.

Job-Based Pay

A compensation strategy that determines an employee's salary based primarily on the specific job or position they hold.

Competency-Based Pay

Pay based on an employee’s skill level, variety of skills possessed, or increased job knowledge

Hay Profile Method

A job evaluation technique using three factors—knowledge, mental activity, and accountability—to evaluate executive and managerial positions.