James March Distinguished Two Types of Processes That Companies Use

question 11

Multiple Choice

James March distinguished two types of processes that companies use to develop product ideas: exploration and exploitation. Exploration usually involves getting out of one's usual domain and exploring new areas for ideas. In contrast, exploitation refers to finding a use for those new ideas. What type of activity is associated with the exploitation of an idea?

• A) Experimentation
• B) Play
• C) Implementation
• D) Innovation

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Definitions:

Personal Belongings

Items owned by an individual, typically of personal or sentimental value, including clothing, documentation, and personal items.

Survivor

An individual who has lived through a traumatic, perilous, or life-threatening event or situation.

Death Notifications

The process of informing someone about a death, typically performed by officials or medical personnel in a sensitive manner.

Normalizing Reactions

A therapeutic technique aimed at helping individuals recognize that their feelings, thoughts, and behaviors in response to a particular situation are normal or typical.