What is the process of transferring resources to and creating a new business unit in a new industry called?
A) External new venturing
B) Exportation of resources
C) Intrapreneuring
D) Risk avoidance
E) Internal new venturing

Question

Quizplus · Accepted Answer

The process of transferring resources to and creating a new business unit in a new industry is known as internal new venturing. It involves the development and launch of new products or services by an established company in a new market. This process is also called corporate entrepreneurship or strategic entrepreneurship. Options A, B, C, and D are not applicable in this context.

What Is the Process of Transferring Resources to and Creating