New-Product Development Usually Fits into the Old Routines of a Firm

question 22

True/False

New-product development usually fits into the old routines of a firm, so it is not necessary for top management to support new-product development in any special way.

Understand the key strategies for overcoming resistance to change.

Recognize the significance of grassroots effort and top-down management in initiating change.

Identify the risks associated with explicit and implicit coercion in change management.

Learn the role of organization development (OD) in managing change systematically.

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Definitions:

Acknowledged

means recognized or accepted as being true or existing, often officially or formally.

Lodger

A person who has the use of property without actual or exclusive possession of it.

Direct Owner

Refers to the person or entity that has legal possession and full control over a property or asset.

License

A grant of permission to do a particular thing, to exercise a certain privilege, to carry on a particular business, or to pursue a certain occupation; an agreement that gives no property right or interest in land but merely allows the licensee to do certain acts that would otherwise be a trespass; a privilege granted by a state or city.