Question 1

In the context of foundations of culture, _____ are company-level objectives that require the company to do something beyond what others might reasonably expect, pushing efforts in new directions or to new levels.

Accepted Answer

Stretch goals are ambitious objectives that push a company to achieve more than what might be considered reasonable, encouraging efforts toward new directions or higher levels of achievement.

Question 2

Jenny, a science scholar, has been working in the field of nanotechnology for more than seven years. She has developed a new technique that can be used to treat melanoma. She wants to acquire a patent for this technique. Which of the following facts should Jenny know before applying for a patent?

Accepted Answer

The patent application process is time-consuming because it involves multiple steps, including drafting the application, submitting it to the patent office, and responding to any objections or requests for clarification.

Question 3

Shane has researched stem cells for almost two years and has made a unique contribution to the healthcare sector with his innovation related to the treatment of congenital deformities. He needs to acquire a legal protection for his work, for which he is willing to disclose the technical details associated with his creation to the issuing authority. Which of the following will be granted to Shane in this scenario?

Accepted Answer

A patent is the correct choice because it provides legal protection for inventions, requiring the inventor to disclose technical details of the invention to the public. Shane's innovation in the treatment of congenital deformities through stem cell research qualifies for a patent, as it is a unique contribution to the healthcare sector.

Question 4

Juana, a researcher in the field of physics, has created a new way of operating hydraulic equipment at a minimal operational cost. She wants to acquire a patent for her work. Choose the most appropriate reason that might make Juana think otherwise and not apply for a patent for her invention.

Accepted Answer

Disclosing the technical details of the invention might make Juana hesitant to apply for a patent, as it requires revealing her proprietary methods, which could potentially be used by others once the patent expires.

Question 5

In the context of the steps of the innovator's imperative, which of the following is a difference between going local and reaching out?

Accepted Answer

Going local focuses on understanding the local context by observing potential clients, while reaching out involves collaboration with individuals with whom employees have strong relationships.

Question 6

The need for individuals to understand local market problems, to reach out to others globally to search for unique solutions to the problem, and to uncover the causal relationships found within that foreign knowledge to ensure it is correctly applied to the local problems is referred to as the _____.

Accepted Answer

This is referred to as the "innovator's imperative," which emphasizes the importance of understanding local market issues, seeking global solutions, and applying foreign knowledge appropriately to solve local problems.

Question 7

A _____ is a form of legal protection provided by a government that excludes anyone other than its holder from making, using, or selling an invention for a set period of time.

Accepted Answer

A patent is a form of intellectual property that gives its owner the legal right to exclude others from making, using, or selling an invention for a limited period of time, typically 20 years from the filing date of the patent application.

Question 8

At RedForum Technologies, every employee from the mid-seniority level onward is expected to deliver at least seven working days a month toward the activities organized by the company to serve its corporate social responsibility. This initiative by RedForum highlights its _____.

Accepted Answer

The initiative to dedicate days to corporate social responsibility activities reflects the company's values, beliefs, and behaviors, which are all elements of company culture.

Question 9

GlobalHead Foundation is a profit-making organization that conducts welfare programs for differently-abled children. It strives to keep its pace with its competitors and comes up with equivalent programs that can benefit the children. Recently, the management of GlobalHead had ideas that could put it in the forefront of the healthcare sector. However, the company has been reluctant to take risks and go beyond its usual workflow. In this scenario, GlobalHead is required to _____.

Accepted Answer

Setting a stretch goal would encourage GlobalHead to push beyond its current limitations and take the necessary risks to innovate and lead in the healthcare sector. Stretch goals are ambitious objectives that challenge organizations to extend beyond their standard operations and comfort zones.

Question 10

In the context of the various modes that businesses use to keep their intellectual property safe, which of the following is a difference between a patent and a copyright?

Accepted Answer

Patents are issued for inventions, offering protection for new inventions or processes, while copyrights are granted to authors of original works of authorship, including literary, dramatic, musical, and certain other intellectual works.

Question 11

In the context of the steps of the innovator's imperative, which of the following is a difference between reaching out and uncovering principles?

Accepted Answer

Reaching out involves connecting with potential users or customers to understand their needs and challenges, while uncovering principles delves into understanding the underlying reasons why certain solutions work effectively, focusing on the principles that make a product or service successful.

Question 12

Kale, Rob, and Sid, who worked for Gramat Tech, quit their jobs and started a new company together that would develop a product competitive enough to be launched in the market alongside the new creation of Gramat Tech. As the three had sound design ideas, they replicated most of the technical aspects of the product that Gramat was developing. However, they lacked knowledge about the science that would make the device operate efficiently. In this scenario, which of the following steps of the innovator's imperative seems to be missing?

Accepted Answer

Uncovering principles is the step missing in their process. They replicated the technical aspects but lacked the scientific knowledge necessary for efficient operation, indicating they missed understanding the fundamental principles behind the technology.

Question 13

Vaiwei Technologies has a unique way of innovating new designs for each electronic device they build. The research and design team at Vaiwei does not follow basic templates. Instead, they choose to go in-depth about the requirement specification of the device to be designed and constructed and then build it based on their analysis. In this process, the researchers and designers at Vaiwei question preexisting assumptions about the way the company has done things in the past. Which of the following steps of the innovator's imperative is demonstrated in this scenario?

Accepted Answer

The answer of Vaiwei Technologies has a unique way of...

Question 14

Which of the following steps of the innovator's imperative helps to fertilize local ideas by improving the root structure?

Accepted Answer

Reaching out is the step that helps to fertilize local ideas by improving the root structure, as it involves connecting with others, sharing knowledge, and gaining insights that can enhance the development and implementation of innovative ideas.

Question 15

The senior line managers at Kadem Techno take time out of their schedules and share their experiences with various innovative attempts made by them in the past. They encourage the employees to question existing assumptions and combine knowledge such that innovations can be made. In this scenario, the senior line managers at Kadem Techno act as _____.

Accepted Answer

The senior line managers are acting as corporate role models by sharing their experiences and encouraging employees to innovate, which sets an example for others to follow.

Question 16

A _____ is the unique combination of a company's vision, values, norms, systems, symbols, language, assumptions, beliefs, and habits.

Accepted Answer

A company culture encompasses the unique combination of a company's vision, values, norms, systems, symbols, language, assumptions, beliefs, and habits.

Question 17

When technical problems started occurring at the site where electronic devices were set up by the engineers of JKLT Tech, the engineers visited the site and examined how the local consumers were using the devices. This helped them identify the underlying issues that they otherwise wouldn't have been able to understand. Next, the engineers at the local unit wanted to consult the people at their headquarters to help them with examining the problem from a different perspective. This act by the engineers exemplifies the _____ step of the innovator's imperative.

Accepted Answer

The act of the engineers wanting to consult with their headquarters for a different perspective on the problem exemplifies the "reaching out" step of the innovator's imperative, which involves seeking external input to enhance understanding and solutions.

Question 18

DRF Technologies has been strictly following its standardized protocol design when updating or innovating products. However, it recently received complaints from a few of its clients who were not satisfied with the design and basic operation of the devices supplied to them. Technicians at DRF identified the problem and then chose to collaborate with individuals outside the firm to gain knowledge about possible solutions to the problem. To find a solution, they integrated the newly obtained knowledge with their local knowledge base. Which of the following steps of the innovator's imperative is demonstrated in this scenario?

Accepted Answer

Reaching out is demonstrated in this scenario as DRF Technologies sought external collaboration to address the problem, indicating an effort to go beyond their existing knowledge and capabilities.

Question 19

In the context of company culture, which of the following statements is true of Google's "70-20-10 rule"?

Accepted Answer

Google's "70-20-10 rule" encourages employees to spend 70% of their time on core business tasks, 20% on projects related to the core business, and 10% on new, exploratory projects. This model is designed to foster innovation and creativity within the company.

Question 20

The management at Gayle Systems believes that as it has its products and services spread across the globe, identifying problems and obtaining their solutions cannot be undertaken if the issue is not looked at from the local perspective. It believes that local market problems should be first understood, followed by reaching out to peers globally to search for unique solutions, and lastly, the knowledge obtained at the local source should be combined with the foreign knowledge. This exemplifies that Gayle Systems follows the _____.

Accepted Answer

Gayle Systems' approach of understanding local market problems, seeking global solutions, and then combining local and global knowledge aligns with the concept of the "innovator's imperative." This term suggests a need for innovation that incorporates both local insights and global perspectives to create effective solutions.

Quiz 12: Global Innovation and Intellectual Property