Why does innovation measurement matter? Fill in the blank: Innovation measurement provides clarity on investment value. It helps organisations justify ________ allocated to innovation activities.

• resources

• meetings

• deadlines

• products

What is a key challenge in quantifying innovation success? Fill in the blank: Measuring innovation success is inherently difficult. Both ________ and intangible outcomes must be considered.

• tangible

• financial

• short-term

• external

Which metrics are explored in the strategic framework for innovation measurement? Fill in the blank: We’ll explore financial, process, and ________ metrics. A balanced approach yields the most accurate assessment of innovation impact.

• input

• output

• qualitative

• customer

Fill in the blank: Innovation is the implementation of new ideas that create value. It encompasses products, services, processes, and ________ models.

• business

• color

• weather

• animal

Which of the following is NOT mentioned as a type of innovation?

• Incremental innovation

• Disruptive innovation

• Radical innovation

• Both A and B

Fill in the blank: Disruptive innovation creates new ________ and value networks.

• markets

• products

• technologies

• customers

Innovation is essential for staying relevant in changing markets.

• True

• False

Which phase of the innovation process focuses on generating and capturing new ideas, emphasizing creativity and out-of-the-box thinking?

• Selection

• Ideation

• Development

• Commercialisation

Evaluating and prioritising ideas, including strategic alignment and feasibility assessments, occurs in which phase of the innovation process?

• Ideation

• Selection

• Development

• Commercialisation

Creating prototypes and testing concepts, with iteration and refinement as critical activities, is part of which phase of the innovation process?

• A) Ideation

• B) Selection

• C) Development

• D) Commercialisation