Which of the following is a difference between a skunk works and a new venture division?
A) A skunk works is formed for marketing a newly developed product whereas a new venture division is formed for improving the quality of a newly developed product.
B) A skunk works consists of top-level managers whereas a new venture division consists of low-level managers.
C) A skunk works is dissolved when the product is brought to market whereas a new venture division assumes full responsibility for the commercialization of the product.
D) A skunk works is formed for achieving an incremental innovation whereas a new venture division is formed for achieving a quantum innovation.

Question

Quizplus · Accepted Answer

A skunk works is a temporary, autonomous team formed to work on a specific project and dissolved once the project is complete. On the other hand, a new venture division is a semi-autonomous unit within a company responsible for developing and launching new products. It assumes full responsibility for the commercialization of the product and continues to operate even after the product is brought to the market.

Which of the Following Is a Difference Between a Skunk