10 Questions
Innovation Cycle 1. Ideas- Identify a market ______.
opportunity
Resources- Organize people, finance and facilities to match the goals of the ______.
organization
Patent - Protect the intellectual ______.
property
Make- Start ______.
production
Design - Model and test it for ______.
users
Match the stages of the innovation cycle with their corresponding activities:
Ideas = Identify a market opportunity Develop = Improve the technology Service = Communicate with the customers Sell = Advertise and inform people
Match the innovation cycle stages with the correct order in production:
Ideas = First stage Design = Model and test it for users Develop = Improving the technology comes after this Sell = Occurs after production starts
Match the innovation cycle activities with their strategic importance:
Resources = Critical for aligning goals and capabilities Patent = Crucial for safeguarding unique ideas Service = Essential for maintaining customer satisfaction Investigate = Key for exploring potential opportunities
Match the innovation cycle activities with their descriptions:
Investigate = Research the possibilities Make = Start production Resources = Organize people, finance and facilities to match the goals of the organization Patent = Protect the intellectual property
Match the innovation cycle stages with their focus areas:
Make = Focuses on starting production processes Design = Concentrates on user testing and modeling Develop = Emphasizes technology enhancement Sell = Centers around advertising and informing potential customers
Test your knowledge on the steps involved in the innovation cycle process, from identifying ideas to providing services to customers. This quiz covers market opportunities, resource organization, research, intellectual property protection, design, development, production, sales, and customer service.
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