5) 5What is the reason for Corporate Entrepreneurship? a) Easy promotion for the staff involved b) To achieve a branding advantage for the company c) To fend off market competition d) None of the above
Question
- 5What is the reason for Corporate Entrepreneurship? a) Easy promotion for the staff involved b) To achieve a branding advantage for the company c) To fend off market competition d) None of the above
Solution
The main reason for Corporate Entrepreneurship is to fend off market competition. This is because it encourages innovation and creativity within the company, leading to the development of new products, services, or strategies. These can give the company a competitive edge in the market. Therefore, the correct answer is c) To fend off market competition.
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