A new-venture team is a unit that is separate from the mainstream of the organisation and is responsible for developing and initiating innovations.

Question

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A new-venture team is a specialized group that functions independently within an organization and has been tasked with developing and deploying new ideas or products to market. They work outside of the usual organizational structures and are designed to encourage creativity, risk-taking, and experimentation.

A New-Venture Team Is a Unit That Is Separate from the Mainstream