GK
BUSINESS MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Innovations or new ideas tend to come from ____
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Small Businesses
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Large Corporations
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Middle Management
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Senior Management
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Explanation:
Detailed explanation-1: -Small Businesses Are Prime For Innovation Small businesses can execute ideas more quickly and pivot easier than enterprise level companies. They don’t have to spend months or years evaluating new ideas. Smaller businesses don’t have to clear every microscopic dot through multiple departments.
Detailed explanation-2: -Innovation is the recombination of existing factors to create value for the involved actors: customers, company, partners and suppliers. For small businesses (SMEs), this could mean creating products and services that customers like and buy (value proposition).
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