Which statement is correct concerning the role of innovation for small businesses?
A)Fortune magazine reports that 93 percent of company founders reported that their business turned out to be nothing like their original venture concept.
B)Studies have shown that small entrepreneurial firms produce 95 percent as many innovations per employee as large firms.
C)According to Clayton Christensen,60 percent of all new products end up failing or performing well below expectations.
D)Small entrepreneurial firms produce twice as many innovations per employee as large firms.

Question

Quizplus · Accepted Answer

According to the statement, small entrepreneurial firms produce twice as many innovations per employee as large firms, making option D the correct choice. Option A may be true, but it does not directly relate to the role of innovation in small businesses. Option B also discusses innovation production, but it states that small firms produce only 95 percent as many innovations per employee as large firms, making it an incorrect choice. Option C discusses the failure rate of new products, but it does not specifically apply to small businesses and their role in innovation.

Which Statement Is Correct Concerning the Role of Innovation for Small