18 Questions
In the context of Sustaining Innovation, what might happen if companies overdo the practice of making the good better and the better best?
They may experience a negative return on investment (ROI)
What is the potential risk of 'over-shooting' for companies?
Providing more than what consumers are willing to pay for
How can 'over-shooting' impact a company's return on investment (ROI)?
It may lead to a negative ROI due to excessive investment in features consumers do not value
What is the key aspect of Business Model Innovation (BMI) according to the passage?
Creating, altering, or reinventing a business method or concept to enhance value creation, capture, and delivery
What example does the passage provide to illustrate how a BMI can create a new industry?
Evolution of skateboarding from a product to an industry
Which company is mentioned in the passage as having revolutionized the retail industry with e-commerce?
Amazon
According to the passage, what is considered a necessity in today's fast-paced business landscape?
A willingness to challenge norms and redefine industries
What does Business Model Innovation (BMI) refer to, as mentioned in the passage?
Creating, altering, or reinventing a business method or concept to enhance value creation, capture, and delivery
What is the primary focus of disrupting business dogmas according to the passage?
Challenging societal norms and sparking societal change
How does the passage suggest that companies can redefine industries?
By transforming products into industries through Business Model Innovation (BMI)
What role does the passage indicate critical thinking plays in redefining industries?
It is important for challenging business dogmas and reshaping industries
According to the passage, what can significantly shape a company's potential to disrupt or create industries?
Business Model Innovation (BMI)
What example does the passage provide to illustrate the impact of BMI on industries?
The emergence of e-commerce as a retail revolution
What does the passage suggest is necessary for redefining industries and creating new ones?
Innovation, critical thinking, and a willingness to challenge norms
Which of the following best describes the impact of Business Model Innovation (BMI) as exemplified in the passage?
Transforming products into industries
What can be inferred about the relationship between BMI and industry disruption from the passage?
BMI plays a significant role in disrupting and creating industries
In the context of BMI, what can lead to the creation of a new industry, as illustrated in the passage?
Transforming a product into an industry
According to the passage, what is a key aspect of Business Model Innovation (BMI) that contributes to industry evolution?
Embracing rapid technological advancements
Test your knowledge of business strategy and the concept of 'over-shooting' where companies provide more than what consumers are willing to pay for, potentially leading to negative ROI.
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