Aggressive New Product Development Requires That Organizations Build Structures Internally

question 111

Essay

Aggressive new product development requires that organizations build structures internally that contain what features?

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Definitions:

Business Strategy

A plan of action or policy designed to achieve a major or overall aim in the realm of commerce.

Vision Statement

A forward-looking declaration made by an organization that outlines what the organization wants to be or how it wants the world in which it operates to be (an "idealized" view of the world).

Strategic Intent

A company's vision of what it wants to achieve in the long term, guiding its goals, actions, and resource allocation.

Intangible

Describes assets or value that cannot be physically touched or seen but have importance or worth, such as intellectual property or brand reputation.