Innovation strategy MCQs

Innovation strategy MCQs

Our experts have gathered these Innovation strategy MCQs through research, and we hope that you will be able to see how much knowledge base you have for the subject of Innovation strategy by answering these multiple-choice questions.
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1: ______ is usually defined as the creation of novelty that provides economic value through the creation of new products and services.

A.   Invention

B.   Innovation

C.   Managerial sophistication

D.   All of the above

2: According to Marceau, innovation often requires:

A.   The establishment of new work practices

B.   Money

C.   A change of the CEO

D.   All of the above

3: ______ is often confused with or mistaken for _____.

A.   Innovation/invention

B.   New product development/organizational change

C.   Change/innovation

D.   Invention/managerial change

4: The smartphone and the iPad are both examples of:

A.   New inventions

B.   New brands

C.   Innovations

D.   None of the above

5: Innovation often or always involves:

A.   Money

B.   A supporting organizational structure and ethos

C.   Learning

D.   All of the above

6: _______ means doing new things.

A.   Product innovation

B.   Service invention

C.   Improvisation

D.   None of the above

7: _______ fundamentally changes the products offered.

A.   Severe invention

B.   Total elimination

C.   Radical innovation

D.   Rapid invention

8: A ______ is defined as an evolving ecosystem that is created from many interconnected pieces.

A.   Platform

B.   Mechanism

C.   Structure

D.   Management style

9: According to Schumpeter, which notion describes the ‘process of industrial mutation that incessantly revolutionizes the economic structure from within, incessantly destroying the old one, incessantly creating a new one’?

A.   Creative absorption

B.   Creative imaginary

C.   Creative destruction

D.   None of the above

10: According to Christensen, what is the reason that sustaining technologies do NOT produce innovation?

A.   They improve the performance of existing products rather than replace them

B.   They need more investment

C.   They are obsolete

D.   All of the above