Innovation Cycle Process Quiz

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Questions and Answers

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 Signup and view all the answers

Design - Model and test it for ______.

users Signup and view all the answers

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 Signup and view all the answers

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 Signup and view all the answers

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 Signup and view all the answers

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 Signup and view all the answers

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 Signup and view all the answers