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Author Question: Describe the internal growth strategy of new product development. Why is it a competitive necessity ... (Read 100 times)

Jkov05

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on: Jul 6, 2018
Describe the internal growth strategy of new product development. Why is it a competitive necessity in some industries that entrepreneurial firms focus on this form of growth?
 
  What will be an ideal response?

Question 2

All of the following are HR responsibilities EXCEPT:
 
  A) monitoring the company's HR decisions.
  B) rendering official legal opinions.
  C) maintaining employment records.
  D) implementing HR policies.


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olderstudent

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Reply #1 on: Jul 6, 2018
Answer to Question 1

New product development involves the creation and sale of new products (or services) as a means of increasing firm revenues. In many fast-paced industries, new product development is a competitive necessity. For example, the average product life cycle in the computer software industry can be measured in months. Because of this, to remain competitive, software companies must always have new products in their pipelines.

Answer to Question 2

Answer: B


Jkov05

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Reply 2 on: Jul 6, 2018
Thanks for the timely response, appreciate it

jordangronback

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Reply 3 on: Yesterday
Excellent

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