Question:
Encouraging innovation in an organisation primarily contributes to:
Encouraging innovation in an organisation primarily contributes to:
Show Hint
Remember: Innovation = Staying ahead of the competition.
Updated On: Jun 25, 2026
- Reducing financial risks
- Increasing bureaucratic control
- Avoiding employee motivation
- Enhancing competitive advantage
Show Solution
Verified By Collegedunia
The Correct Option is D
Solution and Explanation
Step 1: Concept
Innovation refers to the process of translating new ideas into tangible products, services, or efficient processes that create value.
Step 2: Meaning
Organizations that innovate stay ahead of market trends, offer unique value propositions, and stand out from their rivals.
Step 3: Analysis
• Reducing financial risks is incorrect because innovation often involves trial, error, and high initial investment, which temporarily increases financial risk.
• Increasing bureaucratic control stifles innovation; they are generally opposing forces.
• Avoiding employee motivation is incorrect, as encouraging innovation actually boosts employee engagement and motivation.
• Enhancing competitive advantage is the primary outcome, as the firm develops unique capabilities or products that competitors cannot easily replicate.
Step 4: Conclusion
Innovation is the key driver of long-term business success and market dominance.
Final Answer: (D)
Innovation refers to the process of translating new ideas into tangible products, services, or efficient processes that create value.
Step 2: Meaning
Organizations that innovate stay ahead of market trends, offer unique value propositions, and stand out from their rivals.
Step 3: Analysis
• Reducing financial risks is incorrect because innovation often involves trial, error, and high initial investment, which temporarily increases financial risk.
• Increasing bureaucratic control stifles innovation; they are generally opposing forces.
• Avoiding employee motivation is incorrect, as encouraging innovation actually boosts employee engagement and motivation.
• Enhancing competitive advantage is the primary outcome, as the firm develops unique capabilities or products that competitors cannot easily replicate.
Step 4: Conclusion
Innovation is the key driver of long-term business success and market dominance.
Final Answer: (D)
Was this answer helpful?
0
0
Top CBSE CLASS XII Business Administration Questions
- Effective communication involves skills that can be utilized to send messages that are clear, concise and ___.
- Name the organisation under Ministry of Power which is working towards Electric Vehicle Programme.
- An electronic document which has rows and columns and is used to store data in a systematic way for performing calculations is known as ___.
- Individuals who love interacting with people around and are talkative are known as ___.
- Government rules, taxation, environmental regulations etc. are examples of which barrier to entrepreneurship?
View More Questions
Top CBSE CLASS XII Controlling Questions
- Sohan, Sales Manager of ‘Kriti Ltd’ is a good efficient manager who always motivated his team to perform to their best ability. Till the year 2023, he and his team were exceeding the targets. However, since the last six months, they were unable to meet their targets. On investigation it was found out that one of his team members had left the job and was offering the competitors’ product to some of the clients of ‘Kriti Ltd.’ at lesser price.
- Identify the function of management being referred to in the above case.
- Identify the step in the process of the above function of management which helped the management to find out the fall in performance.
- Suggest any 2 ways which can help management to achieve the desired target in future.
- Which one of the following is not an importance of controlling?
Top CBSE CLASS XII Questions
- 2, b, c are in A.P. and the range of determinant $\begin{vmatrix}1&1&1\\ 2&b&c\\ 4&b^{2}&c^{2}\end{vmatrix}$ is [2, 16]. Then find range of c is
- A boy of mass 50 kg is standing at one end of a, boat of length 9 m and mass 400 kg. He runs to the other, end. The distance through which the centre of mass of the boat boy system moves is
- A capillary tube of radius r is dipped inside a large vessel of water. The mass of water raised above water level is M. If the radius of capillary is doubled, the mass of water inside capillary will be
- A circular disc is rotating about its own axis. An external opposing torque 0.02 Nm is applied on the disc by which it comes rest in 5 seconds. The initial angular momentum of disc is
- A circular disc is rotating about its own axis at uniform angular velocity \(\omega.\) The disc is subjected to uniform angular retardation by which its angular velocity is decreased to \(\frac {\omega}{2}\) during 120 rotations. The number of rotations further made by it before coming to rest is
View More Questions