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Please answer these questions, thank you~ Why are budgets, schedules, key success factors, and identified people in charge of each of these essential to operations

Please answer these questions, thank you~

  1. Why are budgets, schedules, key success factors, and identified people in charge of each of these essential to operations control and evaluation? How does operations control relate to strategic planning?
  2. Why do most breakthrough innovations occur in smaller firms?
  3. What is the difference between continuous improvement and breakthrough innovation? What are the risks and rewards associated with each approach?
  4. What is the relationship between risk and reward? In other words, when evaluating a prospective business idea (new product, investment, etc.), how does increasing risk affect the required financial return expected for the business prospect to be favorably considered?

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