Which of the following strategies involves rewarding an employee's innovation?
A)Cost leadership
B)Differentiation
C)Focus
D)Internal growth
E)Liquidation

Question

Quizplus · Accepted Answer

Differentiation involves offering unique and valued products or services to customers. Rewarding an employee's innovation can help a company differentiate itself from competitors, so this strategy would be the most appropriate choice. The other options do not necessarily involve rewarding innovation, but instead focus on cost-cutting (cost leadership), targeting a specific market segment (focus), or winding down operations (liquidation). Internal growth could involve rewarding innovation, but it is not the main focus of the strategy.

Which of the Following Strategies Involves Rewarding an Employee's Innovation