Asked by Erika Driesen on Jun 14, 2024
Verified
Companies may use two types of processes that companies use to develop product ideas: exploration and exploitation.Exploration usually involves getting out of one's usual domain and exploring new areas for ideas.In contrast,exploitation refers to finding a use for those new ideas.What type of activity is associated with the exploitation of an idea?
A) Experimentation
B) Play
C) Implementation
D) Innovation
Exploitation
The act of unfairly using someone or something for one's own advantage, often economically or socially.
Exploration
Refers to the act of investigating, studying, or examining unknown areas and ideas to gain new knowledge or insight.
Implementation
The act of putting a decision or plan into effect; executing or enacting a procedure or program.
- Comprehend the exploration and exploitation processes in the development of product ideas.
Verified Answer
AH
Ayesha HussainJun 17, 2024
Final Answer :
C
Explanation :
Exploitation refers to finding a use for new ideas, which involves the implementation of the ideas into actual products or processes.
Learning Objectives
- Comprehend the exploration and exploitation processes in the development of product ideas.