Question 1

Which of the following is not the result of knowledge push innovation?&#10;A) Polyethylene plastics&#10;B) Float glass manufacture&#10;C) ARM's chipset for mobile phones&#10;D) Haagen-Dazs ice cream

Accepted Answer

Knowledge push innovation refers to advancements driven by research and development in science and technology. Polyethylene plastics, float glass manufacture, and ARM's chipset for mobile phones are all results of such innovation, involving significant technological and scientific research. Haagen-Dazs ice cream, however, is an example of market pull innovation, where the innovation is driven by consumer demand and preferences rather than advancements in scientific knowledge.

Question 2

&#34;Need pull&#34; only refers to innovations linked to commercial markets.

Accepted Answer

"Need pull" refers to innovations driven by market demand or consumer needs, not limited to commercial markets but also including public and social sectors.

Question 3

Understanding user needs is only relevant as a source of innovation in consumer product markets.

Accepted Answer

Understanding user needs is crucial for innovation across all types of markets, not just consumer product markets, including services, industrial, and technology sectors, among others.

Question 4

Innovation at the base of the pyramid refers to:&#10;A) Construction innovation approaches to new structures&#10;B) Exploration of innovation opportunities for products/services in high volume but low income markets&#10;C) Segmentation of consumer product marketing innovation

Accepted Answer

Innovation at the base of the pyramid focuses on creating products or services that are accessible and affordable to the lowest income segments of the population, often in high-volume markets. This involves tailoring innovations to meet the needs and constraints of low-income consumers.

Question 5

&#34;Reverse innovation&#34; refers to:&#10;A) A novel approach to project management&#10;B) The condition where innovations developed for a different market (for example, in low income emerging countries) migrate to an established market where its features are valued&#10;C) A creative thinking technique

Accepted Answer

Reverse innovation is the process where goods or services are developed first in emerging or developing markets and then spread to the industrialized world, offering a different perspective on innovation that contrasts with the traditional view of innovations flowing from developed to developing countries.

Question 6

Which of the following did not emerge first as a user-led innovation?&#10;A) The pickup truck&#10;B) Linux software&#10;C) The iPhone&#10;D) The Internet

Accepted Answer

The iPhone was not a user-led innovation but rather a product of Apple's internal development efforts, designed and marketed by the company. In contrast, the pickup truck, Linux software, and the Internet all have roots in user-led or community-driven innovations.

Question 7

&#34;Recombinant innovation&#34; is:&#10;A) A technique in genetic engineering&#10;B) A cross-functional team approach to new product development&#10;C) Applying innovation ideas from one sector in another

Accepted Answer

Recombinant innovation refers to the process of taking ideas, practices, or technologies from different sectors or domains and combining them in new ways to create innovative solutions. It's about applying concepts from one area to solve problems in another, thereby fostering creativity and innovation.

Question 8

Government regulation always stifles innovation.

Accepted Answer

Government regulation can sometimes foster innovation by setting standards that encourage the development of new technologies, ensuring safety, and protecting the environment, which can lead to the creation of new markets and opportunities.

Deck 3: Sources of Innovation