<u><em>Explanation</em></u>:
<u>Question 1.</u> These options apply;
- Create a culture of innovation by inviting and expecting employees to contribute new ideas.
- Hire people with new skills and perspectives and train current employees on new skills.
- Restructure the organization to be more customer-centric and make work processes more efficient.
<u>Question 2.</u> These options apply;
- Think about new possibilities for the organization.
- Spend a good deal of time determining what the problem is and find out what caused it.
- Create deadlines and checkpoints for solving the problem
<u>Question 3</u>
B. slow moving and stable
<u>Question 4</u>
D. incremental
<u>Question 5. </u>
D. made a proactive change
Answer:
The answer is: E) Idea screening
Explanation:
Idea screening is the second stage (comes after idea generation) of the new product development process. Its main purpose is to select "good ideas" and filter out "bad ideas".
The following questions usually help in defining what ideas can classify as good or bad.
- Do we really need to introduce a new product?
- Can our existing facilities produce the new product, or what is needed for them to be able to?
- Can we sell the new product with our existing marketing network, or what do they need to be able to do so?
- When will the new product generate profit?
Many times the concept of good or bad idea depends on the organization itself. If the answers to the questions above are positive and the company is able to go along with the project, then the new product should continue to stage 3 (concept testing).
Answer:
False.
Explanation:
In Business management, it is very important, essential and necessary that the top executives or management of an organization design, develop and establish a set of ethical codes, principles, laws, rules, regulations and standards that serve as guidelines, procedures and moral compass to all the employees working in an organization. These set of rules help the employees to understand what is acceptable or allowed while working with the company, as well as understanding the difference between right and wrong behaviors in their actions and decision-making.
Hence, individual employees do not have any influence over ethical expectations and behavior because it is out of their control and are primarily being defined by the top executives or management of the company.
Answer:
Growth rate = 7.50%
Explanation:
Given:
Return on investment = 15%
Retention ratio = [1.5 / 3] 100 = 50%
Find:
Growth rate
Computation:
Growth rate = Return on investment*Retention ratio
Growth rate = 15% x 50%
Growth rate = 7.50%
Answer:
Acitivy B should be crashed first by 2 days and Activity B has a crash cost per days of $25, it will be crashed for a total of $50.
Explanation:
activity A =
normal time (NT) = 5 days
Normal cost (NC) = $0
crash time (CT) = 3 days
Crash cost (CC) = $500
crash cost per day = [CC - NC]/[CT - NT] = $250/day
activity B:
normal time (NT) = 6 days
Normal cost (NC) = $0
crash time (CT) = 4 days
Crash cost (CC) = $50
crash cost per day = [CC - NC]/[CT - NT] = $25/day
activity C:
normal time (NT) = 8 days
Normal cost (NC) = $0
crash time (CT) = 3 days
Crash cost (CC) = $1000
crash cost per day = [CC - NC]/[ CT- NT] = $200/day
The activity that takes the least cost to speed up is the first one to be crashed. from the computations, activity B takes the least cost to speed up, so the project manager should crash activity B first by 2 days.
Therefore, Acitivy B should be crashed first by 2 days and Activity B has a crash cost per days of $25, it will be crashed for a total of $50.
