The way in which the diversity in the process of thinking leads to creativity and innovation and the reason for which managers consider it as a competitive advantage. Introduction: Having diverse thoughts will help to gain more knowledge on creativity and to be more innovative in what one does. If this is implemented in the workplace then the organization will benefit drastically, leading for it to gain a completive advantage.

Question

Want to see the full answer?

Answer 1

Question

Chapter 9, Problem 10DQ

Summary Introduction

To determine:

The way in which the diversity in the process of thinking leads to creativity and innovation and the reason for which managers consider it as a competitive advantage.

Introduction:

Having diverse thoughts will help to gain more knowledge on creativity and to be more innovative in what one does. If this is implemented in the workplace then the organization will benefit drastically, leading for it to gain a completive advantage.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Students have asked these similar questions

Please explain how a university education in business administration will benefit an individual in the future.

EXERCISE 3-5 Treasury Stock Held by Subsidiary LO 8Pool Company purchased 90% of the outstanding common stock of Spruce Company on December31, 2019, for cash. At that time the balance sheet of Spruce Company was as follows:Current assets $1,050,000Plant and equipment 990,000Land 170,000Total assets $2,210,000Liabilities $ 820,000Common stock, $20 par value 900,000Other contributed capital 440,000Retained earnings 150,000Total 2,310,000Less treasury stock at cost, 5,000 shares 100,000Total equities $2,210,000Required:Prepare the elimination entry required for the preparation of a consolidated balance sheet workpaper on December 31, 2019, assuming:(1) The purchase price of the stock was $1,400,000. Assume that any difference between thebook value of net assets and the value implied by the purchase price relates to subsidiary land.(2) The purchase price of the stock was $1,160,000. Assume that the subsidiary land has a fairvalue of $180,000, and the other assets and liabilities are…

Can you guys help me on this? Thank you! Here's the authentic insight my classmate wrote about the article they chose here. Please give a little comment on this insight that my classmate just wrote. Thank you!