Which of the following statements is correct concerning the role of innovation for small businesses?
A) Fortune magazine reports that 93 percent of company founders indicated that their business turned out to be nothing like their original venture concept.
B) Studies have shown that small entrepreneurial firms produce 95 percent as many innovations per employee as large firms.
C) According to Clayton Christensen, 60 percent of all new products end up failing or performing well below expectations.
D) Small entrepreneurial firms produce twice as many innovations per employee as large firms.

Question

Quizplus · Accepted Answer

Studies have shown that small entrepreneurial firms produce twice as many innovations per employee as large firms. This demonstrates the importance of innovation for small businesses and their ability to compete with larger firms.

Which of the Following Statements Is Correct Concerning the Role