Which of the following is an advantage of new venture divisions?
A)They acquire the resources and skills from another company.
B)They eventually reduce the costs of the firm.
C)They give more autonomy to managers to pursue exciting product ideas.
D)They require minimal R&D costs.
E)They eliminate the duplication of value chain-activities.

Question

Quizplus · Accepted Answer

New venture divisions allow managers to have more freedom and autonomy to explore innovative product ideas that may not fit within the existing business model or strategy of the company. This can lead to the development of new markets, products, and revenue streams that can contribute to the long-term success of the company. Additionally, these divisions may attract and retain entrepreneurial talent, which can benefit the company as a whole.

Which of the Following Is an Advantage of New Venture