Innovation
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Questions and Answers

According to ISO TC 279, how is innovation defined?

  • A new or changed entity realizing or redistributing value (correct)
  • The practical implementation of ideas that result in the introduction of new goods or services
  • The focus on newness, improvement, and spread of ideas or technologies
  • The development of more-effective products, processes, services, technologies, art works or business models

    • What is a common element in the definitions of innovation?

  • A focus on newness, improvement, and spread of ideas or technologies (correct)
  • The development of more-effective products, processes, services, technologies, art works or business models
  • A new or changed entity realizing or redistributing value
  • The practical implementation of ideas that result in the introduction of new goods or services

    • How does innovation differ from invention?

  • Innovation requires the development of more-effective products, processes, services, technologies, art works or business models
  • Innovation involves the practical implementation of an invention to make a meaningful impact in a market or society (correct)
  • Innovation focuses on newness, improvement, and spread of ideas or technologies
  • Innovation is the introduction of new goods or services

    • What are some examples of how innovation takes place?

    <p>All of the above</p> Signup and view all the answers

    Do all innovations require a new invention?

    <p>No, not all innovations require a new invention</p> Signup and view all the answers

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