Reference no: EM132780215
1. Leading-edge innovators have changed the value network in major ways such as:
a. Stabilize the supply chain
b. Radically change the supply chain
c. Partner passive-aggressively
d. Partner aggressively
2. CEOs that were strong leaders and were able to drive innovation?
a) Steve Jobs
b) Tim Cook
c) Bill Gates
d) Steve Ballmer
3. Types of innovation are
a) Incremental
b) Semiradical
c) Radical
d) All of the above
4. In what other area can a business model change drive an innovation besides value proposition?
a) Sales and marketing
b) Value networks
c) Resources department
d) Industry structure
5. Play not to lose (PNTL) strategy mainly relies on what type of innovation
a) Incremental
b) Radical
c) Semiradical
d) All of the above
6. Value creation processes involves
a) Raw and refined ideas
b) Out-of-box thinking
c) Seizes opportunities
d) Engineering/Manufacturing
7. The primarily role of an innovation system is to
a) Increase economy
b) Increase efficiency
c) Increase profit
d) Increase network opportunities
8. Limitations of ROI absent in the residual income measures include
a) May lead to underinvestment
b) Stable investment
c) May lead to overinvestment
d) All of the above
9. System that facilitates the learning associated with new capabilities is a learning system level:
a) Delivering value
b) Refining the current model
c) Building competencies
d) Crafting strategy
10. Innovation's mystical aspect is tied two phenomenas:
a) Harnessing company
b) Experiencing tranquillity
c) Growing the company
d) Renewing the company
a. i, ii
b. ii, iii
c. ii, iv
d. i, iv
11. Innovation leadership should provide the following:
a) Commitment to incentives
b) Lead by example and commitment to resources
c) Leave innovation to the team members
d) Appreciate the senior members' contribution only.
12. Fine tuning focuses on improving selective portions of the innovation strategy such as:
a) Competition and marketing
b) Cash flow and revenue
c) Processes and strategy
d) Sales and business growth
13. Leadership - is the crucial difference in creating and sustaining successful innovation. Fill the blank with the most appropriate position of a company
1. Shareholder's
2. CEO's
3. Manager's
4. Director's
14. Leadership needs to ensure that innovation is of the company's business mentality
1. An integral part
2. A very least important part
3. A critical success
4. An extrinsic part
15. In the beginning of cars industry, cars were manufactured in shops; this process was very labor intensive. It is when Henry Ford's brought in the first radical change in the business model with a new concept of a production line to the car industry. Ford used new technologies mainly process technologies to increase the efficiency of its production lines and supply chains. Since then the whole concept of the auto industry was turned upside down. From the case above you could see that a successful organization combine technology change and business model change to create
1. More profit
2. Company growth
3. Innovation
4. Better cashflow