Four factors have a major influence on the ability of a firm to develop and create value through innovation. Which of the following is not one of these factors?
A) Its ability to identify and exploit external sources of innovation, especially international networks.
B) Its ability to invest in basic science and technology.
C) Its power and market position within the international value chain, which in part defines the innovation-based opportunities and threats that it faces.
D) The national system of innovation in which the firm is embedded, and which in part defines its range of choices in dealing with opportunities and threats.

Question

Quizplus · Accepted Answer

The ability to invest in basic science and technology, while important for innovation, is not typically considered one of the major factors influencing a firm's ability to develop and create value through innovation. The other options (A, C, and D) directly relate to leveraging external sources, market position, and the national system of innovation, which are widely recognized factors.

Four Factors Have a Major Influence on the Ability of a Firm