WorksheetsTB1 + EXAM
Total questions: 35
Worksheet time: 19mins
Name
Class
Date
1.
Question Text
a)
Option 1
b)
Option 2
c)
Option 3
d)
Option 4
e)
Option 5
2.
Open innovation means: 1
a)
a model for organizing the process where firms seek to source ideas from inside and outside. 2
b)
an innovation project with no limit on the number of staff employed. 3
c)
a board-level commitment to unlimited funds for innovation activities. 4
d)
an approach to risk management in innovation. 5
3.
Learning through collaboration is difficult. Which of the following can constrain learning in an alliance? 7
a)
Common organizational cultures. 8
b)
Different industry or sector. 9
c)
Diversity of product markets. 10
d)
Levels of tacit knowledge. 11
4.
Which of the following is not a typical potential risk associated with collaboration? 13
a)
divergent (Olika/Different) aims and objectives. 14
b)
establishing standards. 15
c)
leakage of information. 16
d)
loss of control or ownership. 17
5.
Which of the following is NOT a source of strategic advantage through innovation? 18
a)
Complexity-offering something that others find it difficult to master 19
b)
Novelty in product or service offering-offering something no one else can 20
c)
Proximity to large markets 21
d)
Legal protection of intellectual property 22
6.
A strategic goal is to get the right balance between exploitation of existing competencies and development of new ones. Which is NOT a critical issue? 24
a)
The internal and external relationships that influence access to information. 25
b)
The skills and experience of employees and other human capital. 26
c)
The vision, control and power of senior managers. 27
d)
The breadth and limits of management cognition which influence decision-making. 28
7.
Which of the following strategies can enhance product development? 29
a)
Focusing exclusively on product features rather than customer needs. 30
b)
Limiting market research to existing customers. 31
c)
Protecting intellectual property associated with the innovative product. 32
d)
Implementing agile methodologies to allow for iterative development and rapid feedback. 33
8.
Which of the following could be a challenge associated with mass customization? 35
a)
Complexity in managing supply chains and inventory 36
b)
Simplified production processes 37
c)
Reduced product variety 38
d)
Decreased customer engagement 39
9.
What is the focus during the fuzzy front-end of the Stage-Gate model? 41
a)
In-depth market analysis 42
b)
Development of Prototype 43
c)
Development of a business case 44
d)
Idea generation and preliminary assessment 45
10.
What is the primary characteristic of a disruptive innovation? 47
a)
It targets high-end customers 48
b)
It offers lower performance than established products at first 49
c)
It is mainly developed by startup firms 50
d)
It is a technological breakthrough that outperforms existing offerings 51
11.
What is the relationship between market share and the adoption of innovations over time? 53
a)
Market share increases linearly with adoption. 54
b)
There is no correlation between market share and adoption. 55
c)
Market share decreases with increased adoption of innovations. 56
d)
Market share typically follows the adoption curve, peaking after the majority adopts the innovation 57
12.
Which of the following alternatives is correct with regards to explicit and tacit knowledge? 59
a)
Communities of practise share common community and therefore their tacit knowledge is highly important 60
b)
Explicit knowledge is hard to express, formalize or write down 61
c)
Both explicit and tacit knowledge tend to reside in the same locations within an organisation 62
d)
An example of explicit knowledge is the masters craftsman who creates an artifact 63
13.
Which of the following statements is false, with regards to team roles? 64
a)
The coordinator is positive and self-confident and seeks consensus 65
b)
The completer / finisher emphasizes relatively narrow focus on knowledge related to their field 66
c)
The shaper articulates the findings in group discussions and tries to ensure decision-making 67
d)
The team worker tends to be team-oriented but may be indecisive but gives personal support 68
14.
Which of the following alternatives are the elements of the Project Management triangle? 69
a)
Staff, Specification, Uncertainty 70
b)
Cost, Specification, Time 71
c)
Cost, Time, Risk 72
d)
Staff, Customers, Management 73
15.
Which of the following statements is true about input, process and output measures? 74
a)
Percentage of sales revenues from new products is a form of financial output measure 75
b)
Intellectual property rights such as patents is a good input measure 76
c)
Percentage of revenues invested in product R&D is a form of financial output measure 77
d)
Percentage of employees actively contributing to innovation is a form of output measure 78
16.
Which of the following statements is false about disruptive innovation? 80
a)
Companies facing a disruptive threat can have three responses. 81
b)
Disruptive innovation is similar to disruptive technology. 82
c)
Electric vehicles are an example of a disruptive technology. 83
d)
Sustaining technology is a modern word for disruptive innovation and technology. 84
17.
Factors often associated with successful innovating organizations? Pick the most accurate option 85
a)
Age of the firm the older the better 86
b)
Supportive organizational climate with structures and incentives for innovation 87
c)
Large market share 88
d)
Strong and charismatic leadership 89
e)
Large size 90
18.
Which of these is not a useful measure of innovation performance? 91
a)
The number of new products or service offerings launched in the past three years 92
b)
Size of firm by employees 93
c)
Patent statistics 94
d)
Investment in R&D as a percentage of turnover 95
19.
Amabile identified 3 components for creative performance. Which were discussed in class? (Choose one or more) 96
a)
Domain-relevant skills 97
b)
Task motivation 98
c)
Creativity-relevant skills 99
d)
Emotional intelligence-relevant skills 100
e)
Personality traits 101
20.
Portfolio management is: 102
a)
A concept in engineering related to interlinked product features 103
b)
A financial evaluation too 104
c)
A set of tools for assessing and comparing innovation projects 105
d)
A computer-based filing system 106
21.
Which of the following is not a common reason why do organizations collaborate? 107
a)
To reduce the risk of development or market entry. 108
b)
To increase potential markets for new products. 109
c)
To increase control of new product development. 110
d)
To reduce the cost of technological development or market entry 111
22.
What describes 'relative advantage' in Rogers' innovation diffusion model? 113
a)
Ease with which an innovation can be understood and used. 114
b)
Extent to which an innovation can be experimented with on a limited basis. 115
c)
How much more beneficial an innovation is compared to the products/services it replaces. 116
d)
Degree to which an innovation is perceived as consistent with existing values. 117
23.
Who are considered to be 'lead users' when developing innovations? 118
a)
Individuals who purchase products at the lowest price. 119
b)
Users who face needs that will be market trends in the future and are ahead of the average. 120
c)
Users whose feedback can drive product development and complement R&D. 121
d)
Traditional users who provide feedback on existing products. 122
24.
What is a key characteristic of products developed through Design Driven Innovation? 123
a)
They are typically low-cost and mass-produced. 124
b)
They are designed without consideration of market trends. 125
c)
They focus exclusively on functionality and ignore aesthetics. 126
d)
They prioritize user experience and emotional connection over technical performance 127
25.
What is the primary goal of process innovation? 129
a)
To guarantee immediate financial returns 130
b)
To eliminate the need for employee training 131
c)
To improve efficiency, reduce costs, and enhance the quality of products or services. 132
d)
To develop new products that do not exist in the market. 133
26.
Absorptive capacity is crucial for organizations because it: 134
a)
Ensures strict adherence to best practices 135
b)
Focuses attention on internal knowledge development 136
c)
Enhances the ability to integrate external knowledge 137
d)
Enhances the organization’s ability to learn in a structured way 138
e)
Enhances the ability to commercialize new knowledge 139
27.
Which of these would not normally be considered an incremental innovation?
a)
An electric car
b)
A low fat hamburger
c)
Faster train journeys through better signalling
d)
Chicken and onion flavoured potato snacks
28.
Which of these innovations is a typical example of 'technology' or 'knowledge' push? (Select all that apply)
a)
The Walkman personal hifi
b)
Radar
c)
The Pilkington Float Glass process
d)
Online banking
e)
YouTube and related video sharing internet sites
29.
Innovation can only happen in the private sector because the public sector is not concerned with making profits or competition between firms.
a)
True
b)
False
30.
Which of the following are factors often associated with successful innovating organizations? (Select all that apply)
a)
Large size
b)
Rich external linkages and networks
c)
Supportive organizational climate with structures and incentives for innovation
d)
Mechanisms for strategic selection of innovation options
e)
Large market share
31.
Innovation can take many forms. Which of the following is NOT a form of innovation?
a)
Product (or service) innovation - changes in what is offered
b)
Process innovation - changes in the ways in which they are created and delivered
c)
Petroleum innovation - amount of spent petrol/gas per km
d)
Position innovation - changes in the context in which the products/services are introduced
32.
Which of the following questions is NOT relevant for social entrepreneurship?
a)
How do we create products and services which deliver social as well as economic benefits?
b)
How do we identify and engage a wide range of stakeholders?
c)
How do we mobilise resources across networks to build coalitions of support?
d)
How do we patent and exploit emerging ideas?
33.
Which of the following would NOT be considered a social entrepreneur?
a)
Florence Nightingale
b)
Muhammed Yunus, founder of the Grameen Bank
c)
Kenneth Lay, founder of Enron
d)
Trevor Bayliss, inventor of the wind-up radio
34.
Which of these is NOT a difference between social entrepreneurs and commercial entrepreneurs?
a)
Social entrepreneurs are less concerned with independence and wealth, and more on social means and ends.
b)
Social entreprenurs are older than commercial entrepreneurs.
c)
Social entrepreneurs place less emphasis on short-term growth and longer term harvesting of the venture.
d)
Social entreprenurs place greater reliance on a network of stakeholders and resources.
35.
Whilst empathy and a need for social justice may be necessary attributes of a social entrepreneur, they are not sufficient.
a)
True
b)
False
100 %
