A(n) is another form of intrapreneurship initiated by an employee who conceives an idea, convinces top management of its potential, and then recruits human and other resources from within the company to turn that idea into a commercial project.

skunk works

Explanation: In simple words, skunk works refers to the arrangement under which an individual or a group of individual are given a high degree of autonomy due to their special skills or idea.

These groups works within an organisation for some secret or technical projects and are not strictly monitors by the management for their performance. The group of individuals working is usually low in numbers as the projects they work requires knowledge more than the volume and labor force.

1) the stages a new product goes through from beginning to end, i.e., the stages that a product passes through from introduction through growth, maturity, and decline. 2) the time from initial research and development to the time at which sales and support of the product to customers are withdrawn. 3) the period of time during which a product can be produced and marketed profitably.

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