Successfully creating innovations through internal means requires:
A) a highly individualistic culture.
B) significant spending on R&D.
C) acquisitions of innovative firms.
D) venture capital.

Question

Quizplus · Accepted Answer

Significant spending on R&D is essential for creating innovations through internal means. This allows companies to invest in research, experimentation, and testing, which are necessary for generating new ideas and refining them into practical products or services. While a highly individualistic culture and acquisitions of innovative firms can also support innovation, they are not sufficient on their own. Venture capital, on the other hand, is not directly related to internal innovation, as it involves external investment in startups or growing companies.

Successfully Creating Innovations Through Internal Means Requires