Process Innovation Projects Are Chartered to Do All of the Following

question 10

Multiple Choice

Process innovation projects are chartered to do all of the following except

• A)achieve rapid,dramatic improvements in process performance
• B)continuously improve existing processes
• C)achieve breakthrough improvements
• D)totally redesign or reengineer a process from scratch

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Definitions:

Formal Proposal

A detailed and structured plan or suggestion, typically presented in writing, aiming to convince others of a particular course of action.

Crowdfunding

Raising small amounts of money from a large number of people, typically via the Internet, to finance a new business venture.

Worldwide Recognition

is the state of being known, respected, or acknowledged on a global scale.

Getting Funded

The process by which a business secures financial investment to start, operate, or expand its operations.