Business Strategy and Over-Shooting Quiz

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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) (correct)

They will achieve unprecedented success in the market

They are guaranteed to receive positive feedback from consumers

Consumers will be willing to pay more for the products

What is the potential risk of 'over-shooting' for companies?

Providing more than what consumers are willing to pay for (correct)

Higher profitability

Stagnation in the company's growth

Increased consumer loyalty

How can 'over-shooting' impact a company's return on investment (ROI)?

It guarantees a positive ROI by exceeding consumer expectations

It minimizes the risk associated with investment

It may lead to a negative ROI due to excessive investment in features consumers do not value (correct)

It leads to a substantial increase in ROI through overdelivery

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 Signup and view all the answers

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 Signup and view all the answers

Which company is mentioned in the passage as having revolutionized the retail industry with e-commerce?

Amazon Signup and view all the answers

According to the passage, what is considered a necessity in today's fast-paced business landscape?

A willingness to challenge norms and redefine industries Signup and view all the answers

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 Signup and view all the answers

What is the primary focus of disrupting business dogmas according to the passage?

Challenging societal norms and sparking societal change Signup and view all the answers

How does the passage suggest that companies can redefine industries?

By transforming products into industries through Business Model Innovation (BMI) Signup and view all the answers

What role does the passage indicate critical thinking plays in redefining industries?

It is important for challenging business dogmas and reshaping industries Signup and view all the answers

According to the passage, what can significantly shape a company's potential to disrupt or create industries?

Business Model Innovation (BMI) Signup and view all the answers

What example does the passage provide to illustrate the impact of BMI on industries?

The emergence of e-commerce as a retail revolution Signup and view all the answers

What does the passage suggest is necessary for redefining industries and creating new ones?

Innovation, critical thinking, and a willingness to challenge norms Signup and view all the answers

Which of the following best describes the impact of Business Model Innovation (BMI) as exemplified in the passage?

Transforming products into industries Signup and view all the answers

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 Signup and view all the answers

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 Signup and view all the answers

According to the passage, what is a key aspect of Business Model Innovation (BMI) that contributes to industry evolution?

Embracing rapid technological advancements Signup and view all the answers

Business Strategy and Over-Shooting Quiz

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