Unit 6. The innovative company (ITM)

Exploitation activities are often achieved through repetition and standardization, which enable the search for new ideas and the generation of new products, services, processes, and business models on a continuous basis.

• False

• True

While exploitation activities ensure current revenues, exploration activities will provide future sales.

• False

• True

EXPLORATION in restaurants allows for the creation of new dishes and menus that establish a reputation as innovators, which can be rewarded with Michelin stars.

• False

• True

As the size of a company increases, studies demonstrate that creativity and innovation are boosted as well, since there is a larger number of employees who can come up with new ideas.

• False

• True

While the age of a company brings valuable expertise and know-how to innovate, older companies tend to be risk-averse and produce more incremental innovations compared to younger companies.

• False

• True

Encouraging intrapreneurship means fostering top-down innovation, i.,e., driven by founders and top managers, as the cases of Steve Jobs at Apple or Bill Gates at Microsoft.

• False

• True

To boost intrapreneurship in a company, leaders must ensure support to the employees while controling what intrapreneurs do on a daily basis.

• False

• True

To promote intrapreneurship, companies can organise hackathons, which are events, typically lasting several days, in which a large number of people come together to engage in cross-functional collaborative projects focused on a particular theme or purpose.

• False

• True

A startup faces greater limitations of resources compared to a spin-off, which is supported and backed by a large company's resources.

• False

• True