Deck 4: Innovation

Question 1

The delivery of a continuous stream of new products and services does not require a systemic approach to improvements and updates to the organizations operations.

Answer 1

False
Explanation:to deliver a continuing stream of …

Question 2

Innovation is the core business process associated with renewing what the organization does and what it offers to the world.

Answer 2

True
Explanation:Innovation is the core business process…

Question 3

Karl Marx believed innovation was the locomotive of growth in a capitalist society.

Answer 3

True
Explanation:Innovation is certainly linked to economic growth…

Question 4

The process of innovation involves taking knowledge and reconfiguring it to create value for the end user.

Question 5

Organizations do not need to change what they offer or how they produce that offering to survive.

Question 6

Innovation is accidental

Question 7

Innovation is the product of human ingenuity and creativity deployed to create value.

Question 8

Innovation is a firm-specific behavior that is difficult to duplicate.

Question 9

Innovation is a process with particular stages and activities, not instantaneous

Question 10

Innovation does not need clear strategic leadership and direction; it just needs the commitment of resources to make it happen.

Question 11

Innovation need an organization with a structure and climate that enables people to deploy their creativity and share their knowledge.

Question 12

Innovation does not need linkages across internal and external boundaries.

Question 13

An organization should build and manage rich external linkages to enable 'open innovation'?

Question 14

Dynamic Capability is the process of constant modification and development of innovation capability.

Question 15

Innovation is not a race

Question 16

Innovation is a multiplayer game, or 'knowledge spaghetti'

Question 17

With innovation, anything is possible

Question 18

An incremental change in process requires a special project team.

Question 19

A radical new product launch can be managed on a day-to-day basis.

Question 20

A radical new product launch requires a special project team.

Question 21

A limited radical new product launch would not require careful and focused management.

Question 22

A limited radical change in process requires careful and focused management.

Question 23

An incremental change in process requires careful and focused management.

Question 24

An incremental change in product requires careful and focused management.

Question 25

Innovation can take place by repositioning the perception of an established product.

Question 26

Innovation can take place by repositioning the perception of an established process.

Question 27

Innovation can emerge when we reframe the way we look at an established product.

Question 28

Innovation can emerge when we reframe the way we look at an established process.

Question 29

Which of the following is not a problem with innovation?

A) Lack of an innovative culture
B) Decent project management skills
C) Lack of a strategy on innovation
D) Perceived as a conflict
E) Lack of a formal process

Question 30

Some firm's struggle with innovation because of?

A) Size
B) Previous technological success
C) Strength of core competency
D) Perceived conflicts with core activities
E) All of these issues

Question 31

Changing Contexts for innovation management does not include which of the following:

A) Acceleration of technology infrastructure
B) Market fragmentation
C) Market virtualization
D) Global distribution of knowledge production
E) Rise of active users

Question 32

Innovation is a product of:

A) Human ingenuity
B) Human creativity
C) An organizational culture supportive of creativity
D) Ability to convert creativity into value
E) All of these

Question 33

What does innovation NOT include?

A) Launch of new products
B) Redesign of operation floor
C) Acquiring new process technology
D) Managing new process technology

Question 34

Innovation involves which of the following:

A) Search, Selection, Implementation, Capture value
B) Search, Strategy, Selection, Implementation
C) Strategy, Selection, Implementation, Capture Value
D) None of the above

Question 35

Innovation does not require which of the following:

A) Clear strategic leadership and direction
B) Commitment of resources
C) Not taking risks
D) An innovative organization
E) Proactive links

Question 36

Innovation requires which of the following:

A) Clear strategic leadership and direction
B) Commitment of resources
C) An innovative organization
D) Proactive links across boundaries
E) All of these items are required

Question 37

Innovation is about which of the following:
I) Meeting customer needs
Ii) Technology advances
Iii) Associated with key individuals
Iv) Creating value

A) i and ii
B) ii and iii
C) i and iii
D) i, ii and iv
E) All of the above

Question 38

The four points to the innovation compass are:

A) Product, Strategy, Position, Implementation
B) Product, Process, Position, Paradigm
C) Product, Paradigm, Strategy, Implementation
D) None of the above

Question 39

The process of constant modification and development of innovative capabilities does not include which of the following:

A) Adding new capabilities
B) Reinforcing existing capabilities
C) Letting go of old capabilities
D) Letting go of capabilities that are no longer appropriate
E) None of the above

Question 40

Innovation has which of the following three main themes?
I) Knowledge competition
Ii) Open collective innovation
Iii) Single Focus
Iv) Sustainability

A) i, ii, and iii
B) i, iii, and iv
C) ii, iii, and iv
D) i, ii, and iv
E) none of the options

Question 41

Innovation does not requires which of the following:

A) Cross function inactions
B) Proactive supplier relationship program
C) A creative culture
D) Proactive customer relationship program
E) All of these items are required

Question 42

Innovation does not requires which of the following:

A) Hierarchical organizational structure
B) Proactive supplier relationship program
C) A creative culture
D) Proactive customer relationship program
E) All of these items are required

Question 43

What type of firms are likely to develop innovative solution through research and development?

A) Large, science-based firms
B) Small engineering subcontractor firms
C) Heavy engineering firms
D) Retail firms
E) None of these types of firms

Question 44

What type of firms are likely to develop innovative solution through creating quick response capabilities?

A) Large, science-based firms
B) Small engineering subcontractor firms
C) Heavy engineering firms
D) Retail firms
E) None of these types of firms

Question 45

What type of firms are likely to develop innovative solution by scanning the environment?

A) Large, science-based firms
B) Small engineering subcontractor firms
C) Heavy engineering firms
D) Retail firms
E) None of these types of firms

Question 46

What type of firms are likely to develop innovative solution through design intensive products?

A) Large, science-based firms
B) Small engineering subcontractor firms
C) Heavy engineering firms
D) Retail firms
E) None of these types of firms

Question 47

What type of firms are likely to develop innovative solution through project management and systems integration?

A) Large, science-based firms
B) Small engineering subcontractor firms
C) Heavy engineering firms
D) Retail firms
E) None of these types of firms

Question 48

Building innovative capabilities does not requires which of the following:

A) A clear innovation strategy
B) Technological resources
C) Good project management skills
D) Good external linkages
E) A rigid organization

Question 49

Which of the following is not an issues with sustainability in managing the innovative process

A) Assumption that anything is possible
B) Inability to find process and product ideas that contribute to sustainability
C) Preserving developing business opportunities
D) Limited resources
E) Public concern about how a change will affect the quality of life.

Question 50

Explain how a singular focus on R&D capabilities can cause problems with managing innovation

Question 51

Explain how a singular focus on meeting customer needs can cause problems with managing innovation

Question 52

Discuss how a singular focus on creating technical advances can cause problems with managing innovation

Question 53

Discuss how a singular focus on creating breakthrough changes can cause problems with managing innovation

Question 54

Explain platform thinking and how it affects innovation

Question 55

Discuss the Sustainable Business Model

Question 56

Identify three issues challenges for managing the innovation process?

Question 57

Identify and explain a differentiator between successful and less successful innovating firms.

Question 58

Identify and explain a method for conferring sustainable and protectable competitive advantage.