Deck 9: Strategic Innovation

Question 1

According to the text which of the following relates to entrepreneurial innovation?
A.Strategic reasoning
B.Strategic visioning
C.Strategic Alignment
D.Strategic venturing.

Answer 1

Strategic visioning

Question 2

Which aspects does the textbook believe to be of great influence on the direction of strategic innovation?
A.The country's culture and technology
B.Government support
C.Internationalization of technology
D.All of the above.

Answer 2

All of the above

Question 3

The text identifies three elements of the business model that are open to renewal to create competitive advantage.Which of the following is NOT one of them?
A.Outside-in renewal
B.Inside-out renewal
C.Market-renewal
D.Value Chain renewal

Answer 3

arket-renewal

Question 4

For strategic innovation to take place, elements of the company's organizational system may need to be altered.What does a company's organizational system refer to?
A.A company's business model
B.A company's value proposition
C.The way individuals in the firm are configured and related to one another
D.The way management gives direction to the employees.

Question 5

What does Peter Robertson (2005) suggest companies should do, with his statement "Always change a winning team"?
A.Winning teams tend to stick in the same paradigm because it has been proven to be successful in the past.
B.The composition of a team should change during different phases of exploration and exploitation.
C.Companies should change between exploring and exploiting teams, as if they were navigating a sailing boat upwind.
D.Changes in the environment stimulate creativity in the innovation process.

Question 6

What would be a typical statement for a proponent of the radical rejuvenation perspective?
A.Companies should focus on becoming better at playing by the rules.
B.Radical departures from the industry rules will inspire competitors to follow.
C.Rapid implementation of system wide change is an essential organizational capability.
D.Strong leadership will have a negative effect on break-through renewal.

Question 7

What would a proponent of sustained renewal base innovation on?
A.Factual information
B.Creative thinking
C.Ideas coming from outside of the dominant paradigm
D.CSR initiatives that improve sustainability.

Question 8

The textbook identifies several inhibitors of strategic renewal that can add challenges to innovation.Which of the following is NOT an inhibitor of strategic renewal?
A.The effects of innovation results from the past
B.The effects of competitive pressure
C.The effects of inertia and bias
D.The effects of feedback.