B.Sc.I Innovation and Design Thinking Quiz

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What is one sense of the term 'invention' that is often confused with innovation?

a device, contrivance, or process originated after study and experiment (correct)

a type of musical composition

a discovery

a product of the imagination

What does the Latin verb 'innovare' mean?

to improve or to replace

to invent

to create something new

to renew (correct)

What is the primary role of a business incubator?

To develop and grow small businesses and startups (correct)

To provide financing to small businesses

To offer physical facility support only

To provide networking facilities only

What is the outcome of the practical implementation of ideas?

All of the above Signup and view all the answers

What is the second stage of the business incubation process?

Networking Facilities Signup and view all the answers

What is the goal of design thinking in problem solving?

To create a wide range of potential solutions and narrow them down Signup and view all the answers

What is an invention?

A unique or novel device, method, composition or process Signup and view all the answers

What is the difference between innovation and invention?

Innovation and invention overlap semantically but are really quite distinct Signup and view all the answers

What type of telephone might be considered an innovation?

The first cellular telephone Signup and view all the answers

What is the meaning of the Latin verb 'invenire'?

to find Signup and view all the answers

What type of services do business incubators offer to support startups?

A range of services including management training and capital financing Signup and view all the answers

What is the outcome of an invention that achieves a completely unique function or result?

A radical breakthrough Signup and view all the answers

What is the final stage of the business incubation process?

Support Services Signup and view all the answers

What type of thinking is incorporated in design thinking?

Analytical, synthetic, divergent, and convergent thinking Signup and view all the answers

What does innovation mean?

To improve or to replace something Signup and view all the answers

What is an inventor?

A person who creates or discovers an invention Signup and view all the answers

What is the first step to avoid getting lost in the planning process?

Writing down your plan Signup and view all the answers

What is the purpose of rapid prototyping in product development?

To test product functionality Signup and view all the answers

What is the opposite of additive manufacturing?

Subtractive manufacturing Signup and view all the answers

What is the main benefit of rapid prototyping in reducing product development costs?

Eliminating the risk of product failure Signup and view all the answers

What is the purpose of asking for feedback in the planning process?

To refine the plan with suggestions Signup and view all the answers

What is the primary function of intellectual property rights?

To protect the creator's exclusive rights Signup and view all the answers

What is the process of creating an object by building it one layer at a time?

Additive manufacturing Signup and view all the answers

What is the primary difference between additive and subtractive manufacturing?

The method of creation Signup and view all the answers

What is a characteristic of companies with a reactive innovation strategy?

They take a wait-and-see approach Signup and view all the answers

What is the primary goal of Project Planning?

To manage project resources Signup and view all the answers

What is the last phase of the project management process?

Project Closing Signup and view all the answers

What is the main benefit of dividing a project into manageable stages?

To control project outcome Signup and view all the answers

What is the first step in turning an idea into reality?

Writing down ideas Signup and view all the answers

What is the purpose of planning backward in the idea-to-reality process?

To move forward with the idea Signup and view all the answers

What is a characteristic of companies with a passive innovation strategy?

They wait for customer demands Signup and view all the answers

What is the purpose of categorizing and prioritizing ideas in the idea-to-reality process?

To focus on the most important ideas Signup and view all the answers

What is the primary focus of Intellectual Property Management (IP)?

Patents, copyrights, and trademarks Signup and view all the answers

What is one of the benefits of Intellectual Property Rights (IPRs)?

Enhancing business' market value Signup and view all the answers

What is the first step in the IPR registration process?

Preparation of Application Signup and view all the answers

What can be done in the Intellectual Property Right Management System at any point of time?

Close an IPR application without getting registration Signup and view all the answers

What is captured in the system during the preparation of the IPR application?

Basic information and related documents Signup and view all the answers

What is given for your IP after the IPR application is filled?

Patent Application number Signup and view all the answers

What can be configured in the IPR registration process flow?

The system has in-built IPR process flow which can be configured to suit requirements of the clients Signup and view all the answers

What can be accessed using IPRs?

Raise finances Signup and view all the answers