1. Which kind of people tend to be more innovative in a given field: those who are knowledgeable or those who are inexperienced in the field? Why?
2. Can any company go global? Why or why not?
3. What do you think determines how a company decides to structure itself?
Business innovation involves coming up with new ideas for addressing the challenges affecting companies and consumers. Some innovations allow businesses to reduce the cost of production, maximizing profits as a result. On the other hand, innovative solutions to consumer needs make for satisfied customers, eventually leading to increased market share.
Answer and Explanation:
People who are more knowledgeable are the most innovative since they have a wealth of problem-solving information. Their experience prepares them to...
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fromChapter 3 / Lesson 5
Learn about business organization structure and understand how it works. Study business entity examples and see the types of business organizational structures.