Innovation Types Quiz

Which type of innovation focuses on how a company makes money?

• Structure

• Process

• Profit Model

• Channel

What type of innovation enhances internal processes to deliver offerings efficiently?

• Service

• Process

• Brand

• Network

Which type of innovation focuses on the customer-facing elements of the business?

• Configuration

• Offering

• Experience

• Structure

What is the key goal of Product Performance innovation?

• Maximizing customer engagement

• Enhancing product features and quality

• Delivering through unique channels

• Building partnerships

Which innovation type emphasizes a network of partnerships to create value?

• Brand

• Network

• Service

• Profit Model

How is Channel innovation defined?

• It focuses on the design of complementary products.

• It involves improving delivery methods to customers.

• It ensures efficient internal operations.

• It engages customers emotionally.

What distinguishes Brand innovation from other types?

• It integrates customer-facing elements.

• It enhances customer trust and loyalty.

• It streamlines internal processes.

• It focuses on generating revenue.

Which type of innovation creates complementary products and services?

• Product Performance

• Product System

• Network

• Channel

Customer Engagement innovation primarily focuses on:

• Revenue generation models

• Emotional connections with customers

• Technical functionality of products

• Partnering with external firms

Which innovation type directly supports products and services through enhancements?

• Service

• Process

• Brand

• Product System