"Conversion" from an Idea to an Opportunity Can Be Difficult

question 21

Essay

"Conversion" from an idea to an opportunity can be difficult for many organizations. What are the significant barriers to conversion that can prevent an organization from converting a good idea into value or to deliver value to an organization?

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Definitions:

Paired-Choice Voting

A voting system in which voters choose between pairs of candidates or options in a series of rounds to identify a preferred option or candidate.

Society's Preferences

The collective desires, priorities, and tastes of a community or society, influencing consumption and production.

Paradox of Voting

A situation in which the cost of voting (time, effort) appears to outweigh the individual benefits, making it rational for people not to vote, yet people still vote.

Marginal Cost

The outlay involved in producing an extra unit of a product or service.