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1)Which kind of people tend to be more innovative in a given field: those who are knowledgeable or those who are inexperienced in the field? Why? 2
1)Which kind of people tend to be more innovative in a given field: those who are knowledgeable or those who are inexperienced in the field? Why?
2. Can any company go global? Why or why not?
3. What do you think determines how a company decides to structure itself?
Expert Solution
People who are more knowledgeable are the most innovative since they have a wealth of problem-solving information. Their experience prepares them to handle any situation that might arise.
Any company can go global provided it has enough capital base to expand their business and pay the fees charged in those countries. In addition, expansion of business to international markets incurs higher costs that can only be absorbed by well-established companies.
The structure of any company is based on its objectives. Business owners identify their overall goals and structure their companies for the best chance of achieving them. The size of an organization also determines how a company will structure itself. Large firms require sales, marketing, and human resources departments among others.
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