Business firms can stimulate innovation by:
A)hiring employees with low risk tolerance.
B)telling employees that they have the freedom to fail.
C)using micromanagement techniques.
D)curbing research activities.

Question

Quizplus · Accepted Answer

Giving employees the freedom to fail allows them to take risks and try out new ideas without fear of punishment. This can encourage creativity and innovation by promoting a culture that supports experimentation and learning from mistakes. Hiring employees with low risk tolerance may discourage innovation, while micromanagement and curbing research activities can stifle creativity and limit opportunities for growth.

Business Firms Can Stimulate Innovation By