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Disruptive Innovation and Business Model Innovation

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Disruptive Innovation and Business Model Innovation

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Questions and Answers

What is the primary goal of basic research according to the text?

To derive possible solutions to a problem

To collect information about how nature and people are put together (correct)

To push something to the next level

To improve understanding of a certain problem

What is the key characteristic of disruptive innovation according to the text?

When companies get better at things people want less and less (correct)

When there are technological shifts or changes in the marketplace

When companies need to innovate their business model

When companies need to push something to the next level

What is the key difference between disruptive innovation and breakthrough innovation?

Disruptive innovation focuses on the business model, while breakthrough innovation focuses on the product

Disruptive innovation is driven by technological shifts, while breakthrough innovation is driven by basic research

Disruptive innovation is popularized by Clayton Christensen, while breakthrough innovation is defined by Idea scale

Disruptive innovation makes companies better at things people want less, while breakthrough innovation opens companies to new markets (correct)

What is the key characteristic of breakthrough innovation according to the text?

It opens the company to new markets or changes the way customers interact (B) Signup and view all the answers

What is the key role of basic research in innovation?

It provides information about a certain problem and derives possible solutions (B) Signup and view all the answers

Which of the following individuals is credited with popularizing the concept of disruptive innovation according to the text?

Clayton Christensen (D) Signup and view all the answers

What are the essential skills possessed by an Entrepreneur Technopreneur?

Skills in marketing, communication, and strategic thinking (A) Signup and view all the answers

How does an Entrepreneur Technopreneur add value to their ideas?

By converting opportunities into workable/marketable ideas (A) Signup and view all the answers

What distinguishes a Technopreneur from a regular entrepreneur?

Technopreneurs use cutting-edge technology for new business ventures (C) Signup and view all the answers

What differentiates an Entrepreneur Technopreneur from others?

Their involvement in technological changes for producing goods and services (B) Signup and view all the answers

What drives an Entrepreneur Technopreneur in transforming resources into goods and services?

Technology as the driven factor (A) Signup and view all the answers