Deck 4: Managerial Skills for the Innovation Process

Question 1

Closed innovation is a more modern approach to innovation.

Answer 1

False

Question 2

Debriefs permit the employee to take ownership of their development.

Answer 2

True

Question 3

One major advantage large organizations can have over smaller competitors is their wealth of human capital within business units.

Answer 3

True

Question 4

The open approach to innovation is an attempt to generate new business breakthroughs through full utilization of the people.

Question 5

The Kirton Innovation-Adaption instrument is used for gauging whether you and your employees favor routine or change.

Question 6

Research reveals that managers in traditional organizations are more alert to opportunities than entrepreneurs.

Question 7

A SWOT analysis is predominantly used in strategy sessions.

Question 8

Due diligence prevents you from launching products that could have been more pleasing to your customers.

Question 9

If innovative behavior is not rewarded or positively acknowledged it will cease.

Question 10

Adaptors discover problems and discover avenues of solution.

Question 11

For innovative behavior to take place in a company it must be _________________.

A) backed by the employees
B) supported by upper management
C) demonstrated by the president
D) implemented by HR

Question 12

Their research found that only 28% of the American workforce is engaged in their work.

A) Nielsen Consumer Insights
B) Edison Media Research
C) Gallup Organization
D) McKinsey & Company

Question 13

The use of regular, structured, and intense repetitive activities aimed at developing high skills in someone.

A) Structured Actions
B) Calculated Methods
C) Imaginative Conception
D) Deliberate Practice

Question 14

Abides by a collaborative win/win mindset among its practitioners.

A) Outward Modernization
B) Open Innovation
C) Traditional Invention
D) Leading Modernism

Question 15

The ability to find or create untapped sources of potential profit.

A) Opportunity Recognition
B) Business Ventures
C) Discovery Activities
D) Exploration of Ideas

Question 16

Who believed every idea should be captured for possible future development?

A) Nikola Tesla
B) Thomas Edison
C) Franklin L. Pope
D) Leonardo da Vinci

Question 17

What is one of the 3 popular sources of innovation potential that most customers' buying patterns can be captured by?

A) Life Complications
B) Social Disagreements
C) Unexpected Rationalization
D) Unsolved Problems

Question 18

Gallup Organization Researches found that only _______ of the American workforce is engaged in their work.

A) 52%
B) 67%
C) 28%
D) 33%

Question 19

Once the concept is well defined and evaluated, it's time to start to transform it into a physical product, service delivery model, or customer experience. This is referred to as_____________.

A) Distributing
B) Licensing
C) Prototyping
D) Patenting

Question 20

The avoidance of reality by absorption of the mind in entertainment or in an imaginative situation

A) Escapism
B) Conforming
C) Diversion
D) Self-Restraint

Question 21

The debrief is a very effective technique because it empowers the employee to take an active role in their own development. What are 3 questions you can ask an employee at the end of their shift that will help promote personal development?

Question 22

List and describe the three categories of opportunity.