Exam 11: Innovation and Change

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A(n) ____ provides financial resources for employees to develop new ideas, products, or businesses.

(Multiple Choice)
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Only 14 percent of all new products actually undertaken eventually earn an economic success.

(True/False)
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The most important aspect for creating an innovative company is requiring people to come up with new ideas.

(True/False)
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Leaders who have taken their companies through major successful transformations often have one thing in common: they focus on formulating and articulating a compelling vision and strategy that will guide the change process.

(True/False)
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ABC Credit Union began offering a "Sweep Account," in which funds over $500 in a checking account would be "swept" into a money-market, interest-bearing, account until the checking account reached $100, at which point, funds from the money market account would be "swept" back into the checking account. This is an example of a ____ change.

(Multiple Choice)
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The ambidextrous approach refers to:

(Multiple Choice)
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When an organization development consultant brings together a group to discuss and solve problems such as conflicts, goals, decision making, or communication, the intervention technique is called:

(Multiple Choice)
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Give two examples of organizations that have switched structures to maintain an ambidextrous approach.

(Essay)
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Structure and system changes are usually bottom-up, mandated by lower management, whereas product and technology changes may often come from the top down.

(True/False)
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The point of the ____ is that many organizations must adopt frequent administrative changes and need to be structured differently from organizations that rely on frequent technical and product changes for competitive advantages.

(Multiple Choice)
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