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1. Which kind of people tend to be more innovative in a given field: those who are knowledgeable...

Question:

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:

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:

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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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What Is a Business Organization? - Structure, Types & Examples

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Chapter 3 / Lesson 5
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Learn about business organization structure and understand how it works. Study business entity examples and see the types of business organizational structures.


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