Reference no: EM133987001

Question 1 :

Fill in the blanks ?

The Innovation Strategy needs to be supported by a set of ....................processes that details the process for synthesizing ideas into a business concepts and product designs.

Question 2 :

A well-crafted innovation strategy will provide a balance between risk and reward and to do this the company should seek to have balance between the following types of development (check all that apply) ?

Routine innovation.
Skunk innovation.
Architectural innovation.
Radical innovation.
Disruptive innovation

Question 3 :

In relation to meeting facilitation select ALL statements that apply, Select 3 correct answer(s) ?

The facilitator understands the Issue/problem/opportunity to be addressed.
The role of a facilitator is to make a diverse group 5 to 10 members in each group.
The facilitator must encourage premature closure of the meetings.
The facilitator should offer thought-provoking ideas or questions if the discussion stalls

Question 4 :

Considering resources during Innovation Planning, we need only consider the following type of resource(s) ?

Human
Material
Equipment
Financial
Time
All of the above

Question 5 :

When discussing the brain and mind the following statements are true (select all that apply) ?

We are, unless there are underlying medical issues, born with the same equipment, a fully functional brain.
Unlike other mammals the human mind is fully developed at birth.
25% of what we know of the brain was learnt in the last 20 years.
The human mind is a blank canvas at birth and gets shaped by life experiences.

Question 6 :

When developing an innovation strategy, we should be concerned about the sustainability of value and market share?

True
False

Question 7 :

In Borrowing Brilliance, when borrowing ideas towards developing a truly innovative solution, you should ?

Consider as many ideas as possible, taken from fields as far as possible from your usual field of practice. Some of these ideas will likely end up not being integrated in your solution.
consider a few ideas, taken from fields as close as possible to your usual field of practice. All these ideas will be integrated in your solution.
Consider a few ideas, taken from fields as far as possible from your usual field of practice. All these ideas will be integrated in your solution
Consider as many ideas as possible, taken from fields as close as possible to your usual field of practice. Some of these ideas will likely end up not being integrated in your solution.

Question 8 :

Which of the following is/are among the ten supporting principles for borrowing brilliance?

Master the metaphor.
Love creating, not your creations!
Embrace multiple hypothesis.
All of the above.

Question 9:

An innovation strategy is ?

The same as the overall business strategy of your organization.
An expression of the way through which to grow market share or profits through product and service innovation.
A strategy that focuses on overtaking your competitors for a specific line of products and services that your organization is offering now.
An expression of the specific means, actions and control that you will put in place in order to make innovation happen.

Question 10 :

Porters Five Force Analysis is a framework used to analyze the level of competition within an industry ?

True
False