Innovation Fundamentals INNO AND ENT.WEEK 15 JAN 25C

Innovation Fundamentals INNO AND ENT.WEEK 15 JAN 25C

3rd Grade

82 Qs

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Innovation Fundamentals INNO AND ENT.WEEK 15 JAN 25C

Innovation Fundamentals INNO AND ENT.WEEK 15 JAN 25C

Assessment

Quiz

Other

3rd Grade

Practice Problem

Hard

Created by

Abiodun Otedola

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82 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the definition of innovation according to Baregheh et al., 2009? Fill in the blank: "Innovation is the process of translating an idea or invention into a _____ or _____ that creates value."

good; service

plan; policy

theory; hypothesis

law; regulation

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a type of innovation listed in the 'Innovation Fundamentals'?

Product Innovation

Process Innovation

Business Model Innovation

Financial Innovation

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

List one type of innovation mentioned in the 'Innovation Fundamentals'.

Product Innovation (or Process Innovation, or Business Model Innovation)

Financial Innovation

Cultural Innovation

Environmental Innovation

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Apple's iPhone revolutionised mobile technology by combining existing technologies in novel ways. (Yoffie and Baldwin, 2015)

True

False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A real-world example of innovation as described in the 'Innovation Fundamentals' is:

The invention of the smartphone

The use of traditional farming methods

Repeating the same process without change

Ignoring new technologies

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which innovation strategy creates new markets by challenging established business models, as exemplified by Netflix's streaming service disrupting video rental stores?

Incremental Innovation

Disruptive Innovation

Open Innovation

Radical Innovation

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which innovation strategy involves gradual improvements to existing products or services, such as Toyota's yearly vehicle model updates?

Disruptive Innovation

Open Innovation

Incremental Innovation

Breakthrough Innovation

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