Management of cost strategically for business model

What does the term "business ecosystem" refer to?

• The network of organizations, stakeholders, and resources involved in the delivery of a specific product or service

• The natural environment surrounding a business

• The legal framework governing business operations

• The internal structure of a business organization

Which is not the part of digital technologies

• IOT

• Cloud

• 3D Printing

• Lean Startup

What are changes drivers of dynamic business environment

• Intrapreneurship

• Start up and incumbents

• Both of the above

• None

Which factor contributes significantly to the intensity of hypercompetition?

• Government regulations

• Industry consolidation

• Limited customer demand

• Technological advancements

Transformation in business refers to:

• Incremental changes to existing processes

• Radical changes that fundamentally alter business operations

• Temporary adjustments in response to market trends

• Outsourcing of non-core activities

What is not a component of disruptive innovation

• Enabling Technology

• Coherent Value network

• none

• Innovative business model

A key software component in CIM that allows for the design and creation of digital models of products is:

• Material Requirements Planning (MRP)

• Computer-Aided Design (CAD)

• Manufacturing Execution System (MES)

• Computer Numerical Control (CNC)

What distinguishes a lean startup from a traditional startup?

• Lean startups focus on rapid growth and market domination.

• Traditional startups emphasize long-term profitability over rapid growth.

• Lean startups prioritize product development over customer feedback.

• Traditional startups prioritize extensive market research before product development.

In agile organizations, teams are typically organized around:

• Functional departments

• Hierarchical reporting structures

• Cross-functional collaboration

• Siloed decision-making processes

Disruptive innovation can be classified in following categories

• Low end disruption and new product disruptions

• Low end disruption and new market disruptions

• High end disruption and new market disruptions

• High end disruption and new product disruptions