A new product venture team and a new product committee disband after every meeting and return to their functional areas.

Question

Quizplus · Accepted Answer

A new product venture team typically operates more like a dedicated project team focused on developing a new product from concept to launch, and may not disband after every meeting. They often work together continuously throughout the project. A new product committee, on the other hand, might meet periodically to review progress, make decisions, or provide guidance, but does not necessarily disband after each meeting; they remain a standing committee throughout the development process or even longer.

A New Product Venture Team and a New Product Committee