Podcast
Questions and Answers
Which type of innovation completely disrupts existing business or economy and creates a new business model?
Which type of innovation completely disrupts existing business or economy and creates a new business model?
- Continuous innovation
- Sustaining innovation
- Incremental innovation
- Radical innovation (correct)
What is the type of innovation that exists in the current market and improves existing value networks instead of creating new ones?
What is the type of innovation that exists in the current market and improves existing value networks instead of creating new ones?
- Evolutionary innovation
- Sustaining innovation (correct)
- Disruptive innovation
- Breakthrough innovation
Which innovation type partially disrupts and creates new value networks, but does not completely disrupt existing business models?
Which innovation type partially disrupts and creates new value networks, but does not completely disrupt existing business models?
- Incremental innovation
- Disruptive innovation (correct)
- Revolutionary innovation
- Radical innovation
What is the Close World Principle related to in the context of innovation?
What is the Close World Principle related to in the context of innovation?
Which theory suggests that technologies and markets are initially uncertain and require learning before they can be fully exploited?
Which theory suggests that technologies and markets are initially uncertain and require learning before they can be fully exploited?
During which phase of the idea lifecycle does the application of creative ideas, knowledge, or technology lead to a product or service accepted by markets and society?
During which phase of the idea lifecycle does the application of creative ideas, knowledge, or technology lead to a product or service accepted by markets and society?
What does the Idea Lifecycle involve?
What does the Idea Lifecycle involve?
Which of the following is a key pillar of Innovation Management related to people and teams?
Which of the following is a key pillar of Innovation Management related to people and teams?
What is the primary focus of Digital Transformation (DX)?
What is the primary focus of Digital Transformation (DX)?
In the context of Innovation Management, what does Capabilities refer to?
In the context of Innovation Management, what does Capabilities refer to?
What is the difference between Structures and Capabilities in Innovation Management?
What is the difference between Structures and Capabilities in Innovation Management?
What does the Close World Principle mainly relate to?
What does the Close World Principle mainly relate to?
What is the key difference between digitization and digitalization, based on the text?
What is the key difference between digitization and digitalization, based on the text?
What is the purpose of a Digital Business Model (BM) Strategy according to the text?
What is the purpose of a Digital Business Model (BM) Strategy according to the text?
What is a Unique Value Proposition (UVP) based on the text?
What is a Unique Value Proposition (UVP) based on the text?
What does the term 'Early Adopters' refer to in the context of Customer Segments?
What does the term 'Early Adopters' refer to in the context of Customer Segments?
What does 'Revenue Streams' refer to based on the text?
What does 'Revenue Streams' refer to based on the text?
What is the primary focus of Channels in the context of a Digital Business Model?
What is the primary focus of Channels in the context of a Digital Business Model?
