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WorksheetsL4 revision: ITOD Innovation Processes
Total questions: 10
Worksheet time: 5mins
What are the four main types of firms identified in the innovation process?
Startups, Established firms, Research institutions, Government agencies
Startups, Established firms, Research institutions, schools
Freelancers
Non-profit organizations
Describe the basic process of innovation.
The basic process of innovation includes identifying a problem, generating ideas, developing prototypes, testing, and implementing.
Identifying a solution, generating problems, developing ideas, testing, and implementing.
Implementing a product, generating feedback, developing ideas, and identifying a problem.
Generating ideas, developing prototypes, identifying a problem, and marketing.
How have innovation models evolved over time?
Innovation models only focus on technology-driven approaches.
Innovation models are exclusively based on government policies.
Innovation models have evolved from linear to interactive and collaborative approaches, including close and government-driven innovation.
Innovation models have evolved from linear to interactive and collaborative approaches, including open and user-driven innovation.
What is meant by 'dynamic capability' in an innovative organization?
Dynamic capability is the ability of an organization to adapt and innovate in response to changing environments.
Dynamic capability refers to the financial resources of an organization.
Dynamic capability is the ability to maintain the status quo in a stable environment.
Dynamic capability means having a rigid structure that resists change.
List some key elements needed for an innovative organization.
Emphasis on uniformity and sameness
Strict hierarchy with no collaboration
Key elements include a culture of innovation, supportive leadership, diverse talent, and a flexible organizational structure.
Key elements include a culture of invention, supportive leadership, diverse talent, and an inflexible organizational process.
What does it mean for a firm to be 'unaware/unconscious' in terms of innovation?
The firm is leading in market innovation trends.
It means the firm is really recognizing or leveraging opportunities for innovation.
It means the firm is not recognizing or leveraging opportunities for innovation.
The firm is fully aware of its innovation capabilities.
How does a reactive firm differ from a strategic firm in innovation?
A reactive firm responds to external pressures for innovation, while a strategic firm proactively seeks and plans for innovation.
A reactive firm is numb to external pressures for innovation, while a strategic firm randomly seeks and plans for innovation.
A reactive firm is always more innovative than a strategic firm.
Both firms have the same approach to innovation and planning.
What role do competencies play in fostering innovation?
Competencies are solely focused on technical skills and do not impact innovation.
Competencies hinder creativity by enforcing strict guidelines.
Competencies enable individuals and teams to generate ideas and indulge freely in altercations.
Competencies enable individuals and teams to generate ideas and implement innovative solutions.
Explain the significance of continuity/routines in an innovative organization.
Continuity disrupts creativity and innovation.
Continuity and routines foster stability, trust, and misalignment in innovative organizations, enabling unsustained creativity and ineffective experimentation.
Continuity and routines foster stability, trust, and alignment in innovative organizations, enabling sustained creativity and effective experimentation.
Routines limit collaboration and flexibility.
Why is the ability to innovate important for organizations?
Innovation is only necessary for large corporations.
Innovation is irrelevant in stable markets.
Innovation is fun for organizations to tryout but also help companies remain competitive and responsive to market trends.
Innovation is crucial for organizations to remain competitive and responsive to market changes.
