Reference no: EM133017122

1. Open innovation according to Chesbrough's principles means a company accepts: Select one:

a. all the smart people work for them

b. it's better to get to the market first than build a better business model.

c. external ideas can help create value, but it takes internal R&D to claim a portion of that value.

d. they should focus solely on expanding R&D to include knowledge generation.

2. Successful innovation usually comes from single organisations because they control all the resources needed to make it happen. True or false?

Select one:

True

False

3. Which of the following is not a core process to be managed in effective innovation networking?

Select one:

a. Decision-making - how (where, when, who) decisions get taken at the network level

b. Level and frequency of subscription payment

c. Conflict resolution - how conflicts are resolved effectively

d. Risk/benefit sharing - how the risks and rewards are allocated across members of the network

4. Innovation networks cannot be set up in the same sector because firms within the sector are competing against each other. True or false?

Select one:

True

False

5. Which of the following is not listed as a source of new ideas according to Tidd and Bessant's 11 categories? Select one:

a. Users as innovators

b. Inspiration - the Archimedes moment

c. Regulation changing rules of the game

d. Need push

6. Which of the following are not listed in your text as a source of product innovation?

Select one:

a. Ethnography

b. Lead-User methods

c. empathic design

d. Divination

7. Extending search strategies for innovation do not include:

Select one:

a. Sending out scouts

b. Using the web

c. Corporate venturing

d. Unintentional diversity

8. One of the search strategies we could use to find new ideas is 'deep diving' this means dispatching idea hunters to track down new innovation triggers. True or false?

Select one:

True

False

9. As innovators, when we engage in radical new to the world possibilities, Tidd and Bessant recommends that we can use a tool such as:

Select one:

a. weak signal detection

b. alternative futures

c. probe and learn

d. systematic exploitation tools

10. Which of the following is not a tool for managing knowledge?

Select one:

a. Databases

b. Expert systems

c. Idea forum

d. Paradigm shift

11. Which of the following is not a type of knowledge network?

Select one:

a. Communities of practice

b. Project teams

c. Supply chain learning

d. Unwrapped connections

12. Tidd and Bessant maintain that search behaviour is essentially bounded exploration. True or false?

Select one:

True

False