Podcast
Questions and Answers
Intrapreneurs within a company need to consider local perspectives only.
Intrapreneurs within a company need to consider local perspectives only.
False
Edison's approach to R&D involved tampering with the tales or results.
Edison's approach to R&D involved tampering with the tales or results.
False
Inventions are considered intellectual property.
Inventions are considered intellectual property.
True
Intellectual property encompasses subs, names, or images used in content.
Intellectual property encompasses subs, names, or images used in content.
Signup and view all the answers
Research and development facilities need to be equipped with state-of-the-art equipment and tools.
Research and development facilities need to be equipped with state-of-the-art equipment and tools.
Signup and view all the answers
Open innovation involves only leveraging the contributions of people within the corporate entity.
Open innovation involves only leveraging the contributions of people within the corporate entity.
Signup and view all the answers
Global sourcing is the practice of sourcing goods and services exclusively from local suppliers.
Global sourcing is the practice of sourcing goods and services exclusively from local suppliers.
Signup and view all the answers
Incorporating sustainable practices and ethical sourcing has a positive impact on environmental and social outcomes.
Incorporating sustainable practices and ethical sourcing has a positive impact on environmental and social outcomes.
Signup and view all the answers
Study Notes
Intrapreneurs and Resources
- Intrapreneurs within a company need to consider global perspectives when expanding their focus beyond local markets
- This involves allocating resources for research and development, including budget considerations
Research and Development
- Lower costs cannot be achieved solely through innovations resulting from R&D efforts
- Research and development facilities require state-of-the-art equipment and tools
Intellectual Property
- Inventions are considered intellectual property
- Intellectual property does not include subs, names, or images used in content
Innovation
- Process innovation can occur in any aspect of a company's operations, including how customer orders are handled
- Open innovation involves leveraging the contributions of people or companies outside the corporate entity
Global Sourcing
- Global sourcing is the practice of sourcing goods and services from suppliers in different regions to optimize supply chain efficiency
- One of the benefits of global sourcing is reduced production costs due to leveraging cost advantages in different regions
- Challenges associated with global sourcing include cultural differences and logistical complexities
- Key strategies for effective global sourcing include supplier diversification and risk mitigation
Supply Chain Optimization
- Efficient inventory management and logistics optimization are crucial for supply chain optimization
- Technology integration, such as the use of automation, AI, and IoT, can optimize production processes and improve real-time decision-making in supply chain management
Sustainability and Ethical Sourcing
- Incorporating sustainable practices and ethical sourcing has a positive impact on both brand reputation and environmental and social outcomes
Studying That Suits You
Use AI to generate personalized quizzes and flashcards to suit your learning preferences.
Description
This quiz covers the concepts of innovation, research and development, intellectual property, and resource allocation within an organization. It explores the importance of considering global perspectives and expanding focus beyond local markets.
