Which of the following is a difference between a skunk works and a new venture
division?
A) A skunk works is formed for marketing a newly developed product whereas a new
venture division is formed for improving the quality of a newly developed product.
B) A skunk works consists of top-level managers whereas a new venture division
consists of low-level managers.
C) A skunk works is dissolved when the product is brought to market whereas a new
venture division assumes full responsibility for the commercialization of the product.
D) A skunk works is formed for achieving an incremental innovation whereas a new
venture division is formed for achieving a quantum innovation.
________ proposes that during the process of organizational growth each stage ends
with a crisis that must be resolved before the organization can advance to the next stage.
A) Population ecology model
B) Institutional theory
C) Greiner’s model
D) Transaction cost theory