Pls select the correct option: Although a successful new venture transitions from being managed as an entrepreneurial (start-up) venture tobeing more strategically managed as a firm, entrepreneurial and strategic management actions are notcompletely different. In fact, several commonalities exist between entrepreneurial and strategic actions. Whichof the following is an example of an action/factor that is not a commonality between actions/factorsassociated with both entrepreneurial and strategic management?O InnovationO SuccessionGovernanceO Growth In order to retain (or create) an innovative culture in a larger, more established firm, which of the followingstrategic mechanisms can be used?O Not 'micro-managing' employees and allowing them to 'do their job' within the established guidelinesO All of the above are acceptable ways to retain/create an innovative cultureO Creating a system that rewards employees for thinking innovativelyO Developing a culture that allows for failure rather than penalizing employees for trying something new

Here, in the given question the is share the management and strategy of a new product lifecycle -…

Answered: Although a successful new venture…

Management, Loose-Leaf Version

13th Edition

ISBN:9781305969308

Author:Richard L. Daft

Publisher:Richard L. Daft

Chapter11: Managing Change And Innovation

Section: Chapter Questions

Problem 4EE

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