RESEARCH ETHICS
COMMERCIALIZATION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the below statements is necessary in order to encourage innovation
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decreased revenue/profit
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Develop a tolerance to risk and failure
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Low staff morale
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High levels of failure
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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.