CORe Exam Dumps | A company recognizes a need for new and improved product offerings but does not have the necessary personnel

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HBX.CORE.v2024-11-30.q151
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Question 95/151

A company recognizes a need for new and improved product offerings but does not have the necessary personnel or resources to accomplish this task. Which of the following is the MOST effective way for the firm to approach this problem?

A. Seek opportunities for supplier collaboration and product innovation

B. Implement Enterprise Resource Planning (ERP) throughout the organization

C. Establish a competitive environment between suppliers to encourage the development of new products

D. Promote internal collaboration to find a solution

Correct Answer: A

The MOST effective way for a firm to approach the need for new and improved product offerings without the necessary personnel or resources is A. Seek opportunities for supplier collaboration and product innovation.
Collaborating with suppliers can bring in external expertise and resources, fostering innovation and potentially leading to the development of new and improved products. This approach leverages the capabilities and innovation potential of suppliers, which can be particularly valuable when a company lacks the internal resources to undertake such tasks on its own1234.

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