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Introduction to Innovation JAN 25C WEEK 13

Authored by Abiodun Otedola

Other

3rd Grade

Used 1+ times

Introduction to Innovation JAN 25C WEEK 13
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85 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Fill in the blank: According to Tidd and Bessant (2020), "Innovation is the process of creating value by implementing new _____."

ideas

rules

machines

colors

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a type of innovation mentioned in the passage?

Product innovation

Process innovation

Position innovation

Financial innovation

Paradigm innovation

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Fill in the blank: Innovation drives economic growth and solves complex _____ challenges.

societal

culinary

musical

athletic

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the first stage of the Innovation Funnel?

Idea Generation

Market Launch

Product Testing

Commercialization

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which stage of the Innovation Funnel involves transforming promising ideas into detailed concepts with potential value?

Concept Development

Idea Generation

Market Launch

Commercialization

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which stage of the Innovation Funnel is about evaluating technical, market, and financial viability of concepts?

Feasibility Assessment

Idea Generation

Commercialization

Implementation

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main activity in the Development stage of the Innovation Funnel?

Create and refine working prototypes through iterative testing.

Conduct market analysis and identify customer needs.

Brainstorm and generate new ideas for potential products.

Evaluate and select the most promising concepts for further development.

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