Firms that ___________ facilitate innovation.

Question

Quizplus · Accepted Answer

Corporate "slack" refers to the excess resources available within a firm, such as extra time, budget, or personnel, that are not immediately necessary for ongoing operations. Setting aside corporate "slack" allows firms to have the flexibility and resources to explore new ideas, experiment, and innovate. This can lead to the development of new products, services, or processes that can significantly benefit the firm. In contrast, eliminating or vastly limiting corporate "slack" can stifle innovation by not providing the necessary resources to explore and develop new ideas.

Firms That ___________ Facilitate Innovation