Unit 3. Innovation Strategy (ITM)

Unit 3. Innovation Strategy (ITM)

University

13 Qs

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Unit 3. Innovation Strategy (ITM)

Unit 3. Innovation Strategy (ITM)

Assessment

Quiz

Business

University

Medium

Created by

martariquelme@ugr.es martariquelme@ugr.es

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13 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Volkswagen, despite its reputation for reliability, was slow to adapt to the rise of electric vehicles, facing increasing pressure from more innovative competitors — a situation that clearly reflects an offensive innovation strategy.

False

True

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Low levels of competition or the absence of potential entrants due to high entry barriers can hinder a company's incentive to innovate.

False

True

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

One of the key advantages of an offensive innovation strategy over a defensive one is that it allows a company to observe and learn from the mistakes of the technological leader, thereby improving the final performance of its product or service.

False

True

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The metaverse refers to an evolving network of immersive, 3D virtual environment fully owned by Meta (formerly Facebook).

False

True

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Most companies aim to adopt an offensive innovation strategy, since becoming the technological leader guarantees long-term survival and economic dominance.

False

True

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Companies that pursue a defensive innovation strategy typically focus on the late early adopters and, in particular, the early majority, as these segments tend to prioritize reliability and proven performance in new products.

False

True

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A traditional innovation strategy is typically suitable for companies with a weak technological position operating in markets with low technological attractiveness—for example, sectors with high entry barriers due to significant capital requirements, such as utilities (water, gas, electricity, etc.).

False

True

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