Podcast
Questions and Answers
Which of the following is NOT a source of business ideas according to the text?
Which of the following is NOT a source of business ideas according to the text?
- Build the value of your brand
- Reduce costs
- Be more competitive
- Increase customer satisfaction (correct)
What is a business idea?
What is a business idea?
- A concept for financial gain related to a product or service (correct)
- An abstract idea unrelated to financial gain
- A theory about improving productivity
- A tangible product only
In the hospitality and tourism industry, what is an example of wearable technology?
In the hospitality and tourism industry, what is an example of wearable technology?
- Phone-activated room keys (correct)
- Virtual reality experiences for guests
- Cloud-based reservation systems
- Self-checkout kiosks
What is the first phase in the Design Thinking process?
What is the first phase in the Design Thinking process?
What is the purpose of using Cloud / SaaS (Software as a Service) in the hospitality industry?
What is the purpose of using Cloud / SaaS (Software as a Service) in the hospitality industry?
Which innovation in the hospitality industry involves Internet of Things (IoT) applications?
Which innovation in the hospitality industry involves Internet of Things (IoT) applications?
What is an essential step in Design Thinking that involves challenging assumptions and generating ideas for innovative solutions?
What is an essential step in Design Thinking that involves challenging assumptions and generating ideas for innovative solutions?
According to Peter Drucker, what is a key aspect a business model should address?
According to Peter Drucker, what is a key aspect a business model should address?
Which of the following best describes the purpose of Prototyping in the Design Thinking process?
Which of the following best describes the purpose of Prototyping in the Design Thinking process?
In the context of Business Model, what does Alexander Osterwalder's Business Model Ontology primarily focus on?
In the context of Business Model, what does Alexander Osterwalder's Business Model Ontology primarily focus on?
What role does Artificial Intelligence (AI) play in the hospitality and tourism industry based on the text?
What role does Artificial Intelligence (AI) play in the hospitality and tourism industry based on the text?
Which analysis is useful for understanding both micro and macro factors in generating business ideas?
Which analysis is useful for understanding both micro and macro factors in generating business ideas?
What is a common outcome of challenging assumptions and redefining problems during the Design Thinking process?
What is a common outcome of challenging assumptions and redefining problems during the Design Thinking process?
What characteristic should promising business ideas have according to the text?
What characteristic should promising business ideas have according to the text?
Which term refers to the creation of a product or introduction of a process for the first time?
Which term refers to the creation of a product or introduction of a process for the first time?
What is the core concept of innovation as applied in any organization?
What is the core concept of innovation as applied in any organization?
According to Drucker, what is innovation viewed as?
According to Drucker, what is innovation viewed as?
Which term refers to applying new ideas or improvements that lead to increased value in a firm's activities?
Which term refers to applying new ideas or improvements that lead to increased value in a firm's activities?
