Introduction to Innovation Measurement week 5 inno &Ent JAN25C

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 makes quantification of innovation success challenging? Fill in the blank: Measuring innovation success is inherently difficult. Both ________ and intangible outcomes must be considered.

• tangible

• financial

• short-term

• external

What does a strategic framework for innovation measurement explore? 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

• confusion

• delay

• problems

Which of the following does innovation encompass?

• Products

• Services

• Processes

• All of the above

Fill in the blank: Incremental innovation improves existing _____

• offerings

• locations

• employees

• regulations

Disruptive innovation creates new markets and value _____

• networks

• losses

• barriers

• failures

Innovation is essential for staying relevant in changing markets.

• True

• False

What is the first stage of the Innovation Process?

• Ideation

• Implementation

• Evaluation

• Commercialization

Which stage of the Innovation Process focuses on evaluating and prioritising ideas, including strategic alignment and feasibility assessments?

• Selection

• Ideation

• Implementation

• Diffusion