RESEARCH METHODOLOGY

RESEARCH ETHICS

COMMERCIALIZATION

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of the below statements is necessary in order to encourage innovation
A
decreased revenue/profit
B
Develop a tolerance to risk and failure
C
Low staff morale
D
High levels of failure
Explanation: 

Detailed explanation-1: -Risks of innovation operational-eg failing to meet your quality, cost or scheduling requirements. commercial-eg failing to attract enough customers. financial-eg investing in unsuccessful innovation projects.

Detailed explanation-2: -Risk tolerance is the degree of risk or uncertainty that is acceptable to an organization. Source(s): NISTIR 8170 under Risk Tolerance. The level of risk that the Manufacturer is willing to accept in pursuit of strategic goals and objectives.

There is 1 question to complete.