18 Questions
Which type of innovation completely disrupts existing business or economy and creates a new business model?
Radical innovation
What is the type of innovation that exists in the current market and improves existing value networks instead of creating new ones?
Sustaining innovation
Which innovation type partially disrupts and creates new value networks, but does not completely disrupt existing business models?
Disruptive innovation
What is the Close World Principle related to in the context of innovation?
Idea generation
Which theory suggests that technologies and markets are initially uncertain and require learning before they can be fully exploited?
Disruptive Technology Theory
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?
Idea implementation
What does the Idea Lifecycle involve?
Testing ideas with a real audience
Which of the following is a key pillar of Innovation Management related to people and teams?
Culture
What is the primary focus of Digital Transformation (DX)?
Transforming the organization using digital tools
In the context of Innovation Management, what does Capabilities refer to?
Methods and abilities of people and teams
What is the difference between Structures and Capabilities in Innovation Management?
Structures enable use of capabilities, while capabilities are methods and abilities
What does the Close World Principle mainly relate to?
Innovation Management processes
What is the key difference between digitization and digitalization, based on the text?
Digitization is the process of extending human capacity, while digitalization involves identifying, evaluating, and exploiting opportunities to create value.
What is the purpose of a Digital Business Model (BM) Strategy according to the text?
It defines how a business will compete in a market with its products or services.
What is a Unique Value Proposition (UVP) based on the text?
A message that conveys why a business is different and worth paying attention to.
What does the term 'Early Adopters' refer to in the context of Customer Segments?
Users who adopt digital technologies before they become mainstream.
What does 'Revenue Streams' refer to based on the text?
The sources from which a business generates revenue through its products or services.
What is the primary focus of Channels in the context of a Digital Business Model?
Identifying the path through which a business reaches its customers with its offerings.
Test your knowledge on the innovation management process, including ideation, evaluation, and validation stages. Learn about observing problems, generating ideas, evaluating and testing them, and validating through feedback and data.
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