Business firms can stimulate innovation by:
A)hiring employees who have a low risk tolerance.
B)letting employees know that they have the freedom to fail.
C)using micromanagement techniques.
D)talking to late adopters.

Question

Business firms can stimulate innovation by:
A)​hiring employees who have a low risk tolerance.
B)letting employees know that they have the freedom to fail.
C)using micromanagement techniques.
D)​talking to late adopters.

Quizplus · Accepted Answer

Allowing employees to know that they have the freedom to fail will make them more willing to take risks and try new ideas, which can lead to innovation. Micromanagement techniques can stifle creativity and discourage risk-taking. Talking to late adopters may be useful for understanding customer needs but it may not necessarily stimulate innovation. Hiring employees with a low risk tolerance may lead to a more cautious approach, which may not necessarily lead to innovation.

Business Firms Can Stimulate Innovation By