Innovation Management-Day 1

What is the main driver of innovation in the Market-Pull Model?

• Technological advancements

• Identified market needs

• Dominant design

• Collaborative networks

According to the Technology-Push Model, where does innovation originate?

• Market demands

• Technological breakthroughs

• Collaborative networks

• User interactions

In the Coupling Model, when does innovation occur?

• When different technologies or systems are combined

• Through identified market needs

• By leveraging technological breakthroughs

• Via interactions between users and producers

What characterizes the Open Innovation approach?

• Substantial changes in design

• Utilizing external ideas and collaboration

• Emphasizing market demands

• Providing a stable foundation in an industry

What type of innovation is an online marketplace that connects buyers and sellers, transforming the traditional retail experience?

• Product Innovation

• Process Innovation

• Service Innovation

What type of innovation does Netflix represent in the entertainment industry?

• Product Innovation

• Process Innovation

• Service Innovation

In the field of customer service, implementing AI-driven chatbots to assist customers and resolve queries is an example of which innovation type?

• Product Innovation

• Process Innovation

• Service Innovation

Considering the evolving fitness industry, offering interactive workout sessions through virtual platforms represents what type of innovation?

• Product Innovation

• Process Innovation

• Service Innovation

Considering entertainment and communication, which innovation disrupted traditional media consumption and transformed how people access and share information?

• Radio

• Television

• Social Media Platforms

• Telegraph

Among the following, which technological advancement has disrupted the traditional model of document storage and sharing, impacting industries and individuals alike?

• Fax Machine

• File Cabinets

• Cloud Storage

• Floppy Disks