If you were the director of R&D at a large pharmaceutical company,how might you apply the concept of "the innovation funnel?"
A) Hire more people because most of them will turn out to be mediocre.
B) Encourage more new ideas because it takes thousands of new ideas to come up with one successful new product.
C) Discourage more new ideas because most of them end up being useless and waste time and energy.
D) The innovation funnel concept can not be used by a person in this position.
Correct Answer:
Verified
Q28: Out of all the innovative ideas that
Q29: Technology in its purest form is
A) faith
Q30: A firm's innovation projects should satisfy all
Q31: A firm's new product development process should
A)
Q32: If an idea can be shown to
Q34: The Solow Residual refers to
A) the increased
Q35: As companies adopt new technologies and increase
Q36: According to the text,firms that rush headlong
Q37: Explain how an understanding of the innovation
Q38: What are the some of the negative
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents