Question 1

Which of the following would you NOT class as a radical innovation?&#10;A)The fibre tip pen&#10;B)The electric light bulb&#10;C)The laser&#10;D)The photocopier

Accepted Answer

The fibre tip pen is not a radical innovation compared to the other options given. While it may have been a significant improvement over traditional pens, it did not fundamentally change the way we write or communicate in the same way that the electric light bulb, laser, and photocopier revolutionized their respective fields.

Question 2

Which of the following is NOT a source of strategic advantage through innovation?&#10;A)Complexity - offering something which others find it difficult to master&#10;B)Legal protection of intellectual property - offering something which others cannot do unless they pay a licence or other fee&#10;C)Scale of investment in R&D&#10;D)Novelty in product or service offering - offering something no one else can

Accepted Answer

Scale of investment in R&D is not a source of strategic advantage through innovation on its own. While investing in R&D is important for innovation, it does not necessarily provide a strategic advantage if competitors can easily replicate or improve upon the innovations. The other options (complexity, legal protection of intellectual property, novelty in product or service offering) can all provide a strategic advantage through innovation as they offer something unique or difficult to replicate.

Question 3

Which of these innovations is a NOT a typical example of 'technology' or 'knowledge' push?&#10;A)The Walkman personal hifi&#10;B)Radar&#10;C)The Pilkington Float Glass process&#10;D)YouTube and related video sharing internet sites

Accepted Answer

Technology or knowledge push innovations typically originate from scientific research or technological advancements, whereas YouTube and similar video sharing sites are more often considered demand pull innovations, as they were developed in response to consumer demand for more accessible and shareable video content.

Question 4

Which of the following is NOT a factor often associated with successful innovating organizations?&#10;A)Rich external linkages and networks&#10;B)Supportive organizational climate with structures and incentives for innovation&#10;C)Mechanisms for strategic selection of innovation options&#10;D)Age of the firm - the older the better

Accepted Answer

Age of the firm is not necessarily a factor associated with successful innovating organizations. In fact, older firms may be more resistant to change and innovation, while younger firms may be more agile and willing to take risks.

Question 5

Which of these would not normally be considered an incremental innovation?&#10;A)An electric car&#10;B)A low fat hamburger&#10;C)Faster train journeys through better signalling&#10;D)Chicken and onion flavoured potato snacks

Accepted Answer

An electric car would be considered a radical innovation, rather than an incremental one, due to its significant departure from traditional gasoline-powered vehicles.

Question 6

Haagen Daz ice cream was created to open up a new market amongst adults for what had traditionally been seen as a children's food.This is an example of position innovation.

Accepted Answer

Haagen Daz was created to appeal to adults and position ice cream as a sophisticated dessert option. This is an example of position innovation.

Question 7

Peer-to-peer networking of the kind pioneered by Napster and now forming the basis of internet file sharing is an example of radical innovation.

Accepted Answer

Peer-to-peer networking represented a major change from the traditional client-server model and allowed for decentralized sharing and distribution of files. This was a radical innovation that disrupted the music industry and paved the way for other forms of decentralized sharing and collaboration on the internet.

Question 8

Successful innovation depends on having patent protection for the core idea.

Accepted Answer

While patent protection can be helpful in some cases, such as in preventing competitors from copying a specific invention, it is not always necessary for successful innovation. Many successful innovations have been made without patent protection, and it is also possible to innovate within the scope of an existing patent. Other factors, such as market demand and effective marketing, can also play important roles in the success of an innovation.

Question 9

Innovation can take many forms, all involving a change of some kind.Which of the following is NOT a form of innovation?&#10;A)Product (or service) innovation - changes in what is offered to the world&#10;B)Petroleum innovation - amount spent monthly by a business on its fuel costs&#10;C)Process innovation - changes in the way offerings are created and delivered&#10;D)Position innovation - changes in the context in which innovations are launched

Accepted Answer

Petroleum innovation refers to the development of new petroleum-based products or methods for extracting petroleum, and is not a form of innovation related to changes in what is offered, how it is created and delivered, or the context in which it is launched.

Question 10

Innovation success is directly linked to the size of investment in Research and Development (R&D).

Accepted Answer

While investment in R&D is an important factor in driving innovation success, it is not the only factor. Other factors such as market demand, competitive landscape, leadership vision and culture, and access to resources can also impact innovation success. Additionally, simply investing more in R&D does not guarantee innovation success if the investments are not properly targeted and managed.

Question 11

Innovation always requires a radical flash of insight - a 'eureka!' moment.

Accepted Answer

The answer of Innovation always requires a radical flash of...

Question 12

Innovation can take many forms.Running a hospital booking system which reduces patient waiting time is an example of which kind of innovation?&#10;A)Process&#10;B)Product&#10;C)Position&#10;D)Paradigm

Accepted Answer

The answer of Innovation can take many forms.Running a hospital...

Question 13

Which of the following is NOT an example of product innovation?&#10;A)A new toothpaste&#10;B)A new car design&#10;C)A new version of the iPod&#10;D)Computer-control of manufacturing operations

Accepted Answer

The answer of Which of the following is NOT an...

Question 14

Which of the following would not normally be considered a radical innovation?&#10;A)The jet turbine engine&#10;B)Integrated circuits&#10;C)Increased colour choice on the Volkswagen 'Beetle' car&#10;D)Antibiotic drugs

Accepted Answer

The answer of Which of the following would not normally...

Deck 1: The Innovation Imperative