Improving or creating new products, services, or processes that add value

Is WOW Concept considered an innovative store?

Yes, it blends fashion, design, and technology

Is ROI (Return on Investment) an Innovation KPI?

Yes, it tracks financial returns

What is an Innovation Management Software?

A platform for idea generation and collaboration of innovation process

Which of the following are methods of Intellectual Property Protection?

Patents, Copyright, Trademarks, Trade Secrets

What is Design Thinking?

A creative problem-solving approach focused on user needs

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Innovation & Disruption - Final Quizz

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Questions 15

Answers

1
According TED Talk 'Surprising Habit of original thinkers', Failure Rate is 47% for First Movers and 8% for Improvers
False
True
2
What is Innovation?
Creating entirely new ideas that have never been thought of before
Copying successful ideas from competitors to stay competitive
Inventing complex technologies regardless of their practical use
Improving or creating new products, services, or processes that add value
3
Have you liked Innovative & Disruption Core Module?
False
True
4
Is WOW Concept considered an innovative store?
No, it’s a traditional store with no new concepts
No, it only sells old-fashioned items
No, it only sells online
Yes, it blends fashion, design, and technology
5
Which are the Stages of Innovation?
Planning, Budgeting, Marketing
Research, Manufacturing, Distribution
Design, Testing, Scaling
Idea Generation, Sales, Promotion
6
Creativity and Innovation are the same
True
False
7
In Innovation process, you cannot fail
False
True
8
Upstream Innovation happens BEFORE development and Downstream Innovation happens AFTER development
True
False
9
Is ROI (Return on Investment) an Innovation KPI?
Yes, it tracks financial returns
No, it measures satisfaction
No, it’s for marketing
No, it tracks ideas only
10
CORE type Innovation means 'Optimizing existing products for existing customers'
True
False
11
Crazy 8's Game is a method of brainstorming used to rapidly generate ideas
False
True
12
What is an Innovation Management Software?
A system that stores and manages customer data for sales purposes
A tool used to track financial transactions and manage budgets
A platform for idea generation and collaboration of innovation process
A software designed solely to automate marketing campaigns for new products
13
Which are 3Ps of Innovation?
Production, Planning, Performance
Promotion, Place, People
Purpose, Process, People
Price, Plan, Product
14
Which of the following are methods of Intellectual Property Protection?
Licenses, Loans, Audits, Investments
Standards, Compliance, Regulations, Policies
Contracts, Marketing, Branding, Sales
Patents, Copyright, Trademarks, Trade Secrets
15
What is Design Thinking?
A process for improving manufacturing efficiency
A tool used only in graphic design
A method for managing financial data
A creative problem-solving approach focused on user needs

Innovation & Disruption - Final Quizz Flashcards | StudBud