Which of the following describe ways firms have sought to innovate and mange innovation in recent years?
A)Creation of corporate venture departments
B)Spinoffs
C)Joint Ventures
D)Strategic Alliances
E)All of the above

Question

Quizplus · Accepted Answer

All the given choices describe ways firms have sought to innovate and manage innovation in recent years. Firms have created corporate venture departments to explore new business opportunities and to create new ventures that can be integrated back into the main company. Spinoffs involve establishing a separate company to develop and market a new technology, allowing the parent company to focus on its core business. Joint ventures provide a way for two firms to pool resources and expertise to develop a new product or service. Strategic alliances involve partnering with another firm to jointly pursue a new business opportunity or to develop and market a product. Therefore, all of the given choices are correct.

Which of the Following Describe Ways Firms Have Sought to Innovate