Companies That Engage in More Exploration Rather Than Exploitation May

question 28

Multiple Choice

Companies that engage in more exploration rather than exploitation may:

• A)suffer the costs of experimentation without gaining any of its benefits.
• B)exhibit fewer underdeveloped ideas.
• C)gain distinctive marketplace competencies.
• D)lead to strengthening their skills in idea editing and refinement.

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Definitions:

Individual Subsystem

A component within a larger system that focuses on individual entities or units, often referring to a single part of a larger process or system.

Interaction Environment

The setting or conditions under which interactions and communication occur between individuals, groups, or systems.

Action Research

An iterative trial-and-error process of discovery that involves diagnosing a problem, planning a solution, acting on the solution, evaluating the results of the actions, learning from the outcomes, and asking new questions.

Enhancing Change

The process of implementing improvements or positive transformations within an organization or system.