False, the open innovation strategy enables the company to avoid utilizing external innovation carried out by other businesses.
<h3>What is Open innovation model?</h3>
Open innovation refers to the process of companies and organizations obtaining ideas from both internal and external sources. Sharing information about issues and appealing to those outside the company for advice and solutions entails this. Open innovation is the process of "increasing the markets for the external application of invention while accelerating internal innovation through deliberate inflows and outflows of knowledge."
You may take internally developed ideas or initiatives that don't fit with your primary business model and develop them outside by creating an open innovation network. This could provide additional revenue sources without affecting your main line of business.
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Answer:
I think I think it will be 2:35 or 2:50
Answer:
b. $39,000.
Explanation:
Inventory & Fixed assets will be recognized at historic rate.
Accounts receivable will be recognized at closing rate.
Accounts receivable = FC 30,000 * 0.7
Accounts receivable = $21,000
Inventory = FC 20,000 * 0.6
Inventory = $12,000
Fixed assets = FC 10,000 * 0.6
Fixed assets = $6,000
Total = Accounts receivable + Inventory + Fixed assets
Total = $21,000 + $12,000 + $6,000
Total = $39,000
Answer:
Organic structure.
Explanation:
Organic structure: It is defined as flat organizational structure as it does not follow normal hierarchical structure, it is more of a decentralized structure with a lesser layer of management at every level, where more information is shared among employee and each department co-operate with other departments, which helps the organization to adapt well with the changes. Employees have the opportunity to participate in the decision-making process of the organization.
In the given case, Steel manufacturing firm are following an environment that is simple and integrated but also dynamic and hostile, which is a perfect organic structure.
