Asked by Ashley Knight on Sep 26, 2024

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Refer to A Tale of Two Managers. If Pharma-cost.com partners with a software company to develop a new technology that would allow doctors and patients to process prescriptions from anywhere they will be using a(an) ____ strategy.

A) financing
B) lobbying
C) legal
D) innovation
E) indirect lobbying

Innovation Strategy

A plan or approach designed to encourage and manage new ideas, products, or methodologies within an organization to drive growth and competitive advantage.

Government Scrutiny

Government scrutiny involves the close examination and oversight by governmental bodies of activities within various sectors to ensure legality, ethics, and compliance with standards and regulations.

Online Drug Distribution

Refers to the process of selling and distributing pharmaceuticals or drugs through the internet, often through online pharmacies or telemedicine platforms.

  • Examine the impact of governmental policies on corporate strategies and decision-making processes.
  • Determine methods through which a company can encourage internal entrepreneurship and innovation.
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Vincent Esposito2 days ago
Final Answer :
D
Explanation :
Partnering with a software company to develop new technology is an example of an innovation strategy. This approach focuses on improving performance and creating new solutions for the company's challenges. It is different from Renee's legal and lobbying strategies, which aim to defend the status quo rather than actively seeking new solutions. Therefore, the best choice is D) innovation.