A __________ is a unit separate from the rest of the organization that is responsible for developing and initiating a major innovation.
A) new-product group
B) matrix group
C) new-venture team
D) new-venture fund
E) change team

Question

Quizplus · Accepted Answer

A new-venture team is a unit separate from the rest of the organization that is responsible for developing and initiating a major innovation. The team is created to address a specific opportunity or problem and has a high degree of autonomy to make decisions and take action. This type of team is often used when the organization wants to pursue a new market, product, or technology but does not want to disrupt ongoing operations or organizational structure.

A __________ Is a Unit Separate from the Rest of the Organization