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iragen [17]
3 years ago
11

Discuss the importance of innovation in the survival and success of a business. Include three strategies that you, as an entrepr

eneur, can use to encourage creativity and innovation in your small business in your response. Provide support for your response.
Business
1 answer:
Colt1911 [192]3 years ago
4 0

Answer is given below :

Explanation:

  • Innovation is part of the business and should be successful in the long run. If the business is not innovative it will one day fail and stop making a profit.
  • example shows that it was the number one mobile phone in 2000 but it failed for a long time because it did not change the dynamic market and did not adopt the Android operating system.
  • There are three strategies to promote creativity and innovation in small business: -
  1. A business should focus not only on the product, but also on the process, delivery and customer service of the product.
  2. A business must always come up with new ideas to survive in the market, which will reduce costs and improve production.
  3. A business must constantly monitor the current dynamic environment in the business world and adapt to market conditions and change business on time if necessary.
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In 2015, a former Google engineer, Erica Baker, made a spreadsheetshowing pay disparities at the company. She shared the informa
Studentka2010 [4]

Answer:

b. Organizational justice.

Explanation:

In reacting to the allegations that Google engages in "systematic compensation disparities against women" and the request of payroll records by the U.S. Department of Labor in 2017.

Google annually reviews pay levels and denies any disparities against women. In reviewing pay levels, Google's management is focused on organizational justice. The concept of organizational justice was first introduced by Greenberg in the year 1987.

Organizational justice is an organizational concept that describes an employee's perception of decisions, fairness, behaviors and actions with respect to how these employees are affected or influenced both psychologically and other wise at work.

Organisational justice deals with all workplace related activities, ranging from salary to relationships between superiors and their subordinates, equal rights, gender equality and even access to training and promotion.

For the purpose of trust, loyalty and progressive work attitudes, it is very important that organizations prioritize organizational justice.

Hence, if Google focuses on organizational justice, it will help to build trust and address the issue of pay level disparities among its employees.

6 0
3 years ago
As it places its order for truck tires with Michelin, South Side Industrial Supply realizes that it must also place an order for
Dovator [93]

Answer:

The correct word for the blank space is: joint.

Explanation:

Joint demand refers to the demand for products and services that are dependent on each other. In such cases, those goods are complementary but they can be acquired separately if necessary. An example of goods with joint demand would be tea and sugar or a printer and ink.

8 0
3 years ago
Utopia Corporation provides $6,000 worth of lawn care on account during the month. Experience suggests that about 3% of net cred
photoshop1234 [79]

Answer:

The answer is C.

Explanation:

Credit sales is $6,000

Bad debt is 3% of net credit sales which is $180($6,000 x3%)

Creating allowance for doubtful debt entry is one of the prudent method and it tells us that some customers won't pay part of what they are owing. And it is also a contra account that offset bad debt.

According to the accounting rule, debit increases asset and expenses and vice-versa while credit decreases liability, equity, income and vice versa.

So we have have:

Dr Bad debt expense $180

Cr Allowance for Doubtful Accounts $180

6 0
3 years ago
According to the acquired needs theory, which of the following characteristics describe people who have a high need for affiliat
Gelneren [198K]

Answer: D.

Explanation:

4 0
3 years ago
In the case of a negative shock to aggregate demand, the central bank should: increase the rate of growth of the money supply to
nekit [7.7K]

Answer: increase the rate of growth of the money supply to restore spending growth.

Explanation:an increase in money supply growth. If the Federal Reserve offsets a negative shock to aggregate demand with increased money growth: both inflation and real GDP growth will rise.

3 0
3 years ago
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