According to the textbook, why do organizations exist?
A) to bring in a profit
B) to develop advanced manufacturing and information technologies
C) to challenge diversity, ethics, and the motivation and coordination of employees
D) to facilitate innovation

Question

Quizplus · Accepted Answer

The textbook states that organizations exist to facilitate innovation. This means that organizations create a structure and culture that encourages individuals and teams to generate new ideas, products, and services. Innovation is crucial for organizations to stay competitive and adapt to changing market conditions. While profit, advanced technologies, diversity, ethics, motivation, and coordination are important elements for organizations, their ultimate purpose is to create value through innovation.

According to the Textbook, Why Do Organizations Exist