Which of the following strategies can help business firms stimulate innovation?
A)Hiring employees who have low risk tolerance
B)Letting employees know that they must fear failure and should not attempt anything that might fail
C)Instructing managers to use micromanagement techniques
D)Using teams of writers to build scenarios of opportunities and threats

Question

Quizplus · Accepted Answer

Using teams of writers to build scenarios of opportunities and threats is a well-known strategy for stimulating innovation. These scenarios can help businesses gain insights into potential future challenges and identify opportunities for innovation. A diverse team of writers with different perspectives can help generate a variety of ideas and potential solutions. Hiring employees with low risk tolerance, promoting fear of failure, and implementing micromanagement techniques are all counterproductive to encouraging innovation within a business.

Which of the Following Strategies Can Help Business Firms Stimulate