What are the unintended consequence of long-established "industry recipes"?
A)Top managers' understanding of their industry tends to fossilize, so they cannot imagine reconfiguring the industry with new products or new ways of doing business
B)They have no side effects at all
C)They can lead mature executives to take large risks because they are rejuvenating while having mid-life crises
D)They can foster radical innovation

Question

Quizplus · Accepted Answer

Long-established industry recipes can lead to a lack of imagination and creativity among top managers, resulting in an inability to reconfigure the industry with new products or ways of doing business. This can hold back innovation and change within the industry, stifling growth and potential.

What Are the Unintended Consequence of Long-Established "Industry Recipes