Innovation Types and Competitive Strategy Quiz
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Questions and Answers

What characterizes an incremental innovation in the framework that defines product innovations?

  • Architecture Relations are unchanged, and Knowledge Components are substituted
  • Architecture Relations are altered, and Knowledge Components are substituted
  • Architecture Relations are altered, and Knowledge Components are reinforced
  • Architecture Relations are unchanged, and Knowledge Components are reinforced (correct)

    • In the framework defining product innovations, what defines an architectural innovation?

  • Architecture Relations are altered, and Knowledge Components are reinforced (correct)
  • Architecture Relations are unchanged, and Knowledge Components are reinforced
  • Architecture Relations are unchanged, and Knowledge Components are substituted
  • Architecture Relations are altered, and Knowledge Components are substituted

    • What is a modular innovation characterized by in the product innovation framework?

  • Architecture Relations are altered, and Knowledge Components are substituted
  • Architecture Relations are altered, and Knowledge Components are reinforced
  • Architecture Relations are unchanged, and Knowledge Components are reinforced
  • Architecture Relations are unchanged, and Knowledge Components are substituted (correct)

    • What defines a radical innovation in the product innovation framework?

    <p>Architecture Relations are altered, and Knowledge Components are substituted</p> Signup and view all the answers

    To which strategic dimension does the question 'Who are our customers?' relate in competitive strategy?

    <p>Customer intimacy</p> Signup and view all the answers

    The question 'What do we offer them?' corresponds to which strategic dimension in competitive strategy?

    <p>Product leadership</p> Signup and view all the answers

    What does the question 'How can we deliver it effectively and efficiently?' connect to in competitive strategy?

    <p>Operational excellence</p> Signup and view all the answers

    Which of the following is NOT a strategic dimension directly related to customer engagement?

    <p>Market diversification</p> Signup and view all the answers

    Which operational benefit of Autonomous and Collaborative Robots significantly impacts the automation strategy?

    <p>Increase in efficiency and effectiveness in production planning and control</p> Signup and view all the answers

    Which benefit of Autonomous and Collaborative Robots most directly influences the augmentation strategy?

    <p>Possibility to enable complex processing by simplifying human activities</p> Signup and view all the answers

    Which operational benefit of Autonomous and Collaborative Robots is essential for enabling decentralization in production?

    <p>Possibility to enable decentralized production control</p> Signup and view all the answers

    Which benefit of the Autonomous and Collaborative Robots paradigm contributes to the simplification strategy?

    <p>Increase in the accuracy of the assembly simplifying human activities</p> Signup and view all the answers

    Which operational benefit of the Augmented and Virtual Reality paradigm supports the externalization strategy?

    <p>Opportunity for aesthetic and functional product tests with customers</p> Signup and view all the answers

    Which operational benefit of Augmented and Virtual Reality influences the reactivity strategy?

    <p>Opportunity to enable safer training environments</p> Signup and view all the answers

    Which benefit of Autonomous and Collaborative Robots is associated with promoting human-to-machine interaction?

    <p>Increase in labour productivity</p> Signup and view all the answers

    Which operational benefit of Autonomous and Collaborative Robots enhances just-in-time delivery processes?

    <p>Increase in the optimization of just-in-time deliveries</p> Signup and view all the answers

    Which operational benefit of Big Data Analytics impacts the efficiency strategy?

    <p>Increase in rapidity in response to market demand</p> Signup and view all the answers

    Which Operational Benefit of the Structural Integration paradigm affects the decentralization strategy?

    <p>Increase in information sharing with suppliers</p> Signup and view all the answers

    Which operational benefit supports the interoperability strategy in Structural Integration?

    <p>Increase in decision-making support based on real-time data</p> Signup and view all the answers

    Which benefit of Structural Integration contributes significantly to the reactivity strategy?

    <p>Reduction in time-to-market</p> Signup and view all the answers

    Which operational benefit influences the flexibility strategy in Structural Integration?

    <p>Increase in dynamic interaction between production partners</p> Signup and view all the answers

    Which aspect of Big Data Analytics enhances market profiling and segmentation?

    <p>Increase in the accuracy of predicting customer behaviors</p> Signup and view all the answers

    Which of the following operational benefits is least likely to impact real-time planning of resource usage?

    <p>Increase in forecasting future market trends</p> Signup and view all the answers

    Which operational benefit is crucial for enhancing customer relations in the context of Structural Integration?

    <p>Increase in coordination for joint product design</p> Signup and view all the answers

    What benefit does the Augmented and Virtual Reality paradigm provide that enhances the efficiency strategy?

    <p>Increase in the accuracy in the location of the goods stock</p> Signup and view all the answers

    Which operational benefit of the Augmented and Virtual Reality paradigm impacts the flexibility strategy?

    <p>Reduction in training time for new and seasonal workers</p> Signup and view all the answers

    Identify the operational benefit that influences the prediction strategy within the Augmented and Virtual Reality paradigm.

    <p>Opportunity for safer worker training environments</p> Signup and view all the answers

    Which operational benefit from the Industrial Internet of Things paradigm contributes to the centralization strategy?

    <p>Opportunity for real-time location tracking along the supply chain</p> Signup and view all the answers

    What is an impact of the Industrial Internet of Things paradigm on the interoperability strategy?

    <p>Opportunity to integrate various systems seamlessly</p> Signup and view all the answers

    Which benefit of the Industrial Internet of Things paradigm enhances work productivity?

    <p>Real-time monitoring of working conditions</p> Signup and view all the answers

    What benefit does the Industrial Internet of Things offer that influences reduction in operational downtime?

    <p>Monitoring equipment to signal maintenance needs</p> Signup and view all the answers

    Which operational benefit is expected to enhance customer experience in the Augmented and Virtual Reality paradigm?

    <p>Aesthetic and functional product testing with customers</p> Signup and view all the answers

    What accurately describes cloud computing?

    <p>It consists of a front end and a back end to function.</p> Signup and view all the answers

    Which statement about the Industrial Internet of Things (IIoT) is true?

    <p>Integration of information technology is essential in the delivery system.</p> Signup and view all the answers

    What is a primary function of simulations?

    <p>To evaluate various scenarios and determine their outcomes.</p> Signup and view all the answers

    Which of the following best describes big data analytics?

    <p>It uses data as an input to generate information insights.</p> Signup and view all the answers

    What encompasses cybersecurity?

    <p>It ensures protection against data breaches and system vulnerabilities.</p> Signup and view all the answers

    What does structural horizontal integration refer to?

    <p>The coordinated management of the production chain.</p> Signup and view all the answers

    In augmented reality, which of the following statements is true?

    <p>It enhances the real-world perception by integrating digital components.</p> Signup and view all the answers

    Which of the following correctly describes vertical integration?

    <p>It involves the synchronized management across various production levels.</p> Signup and view all the answers

    Which operational benefit of the Simulation paradigm contributes to improving the prediction strategy?

    <p>Reduction in the time and cost of reconfiguring machinery and systems</p> Signup and view all the answers

    Which operational benefit of the Simulation paradigm is most relevant to the usability strategy?

    <p>Reduction in the risks of incorrect design</p> Signup and view all the answers

    How does the Simulation paradigm impact the decentralization strategy?

    <p>Reduction in costs of procurement from suppliers</p> Signup and view all the answers

    In what way does the Simulation paradigm enhance the externalization strategy?

    <p>Increase in collaboration at the supply chain level</p> Signup and view all the answers

    Which operational benefit of the Simulation paradigm assists in identifying reusable component parts?

    <p>Increase in information on residual time of use</p> Signup and view all the answers

    Which operational benefit primarily affects the design process of new products?

    <p>Increase in iterations of designing new products</p> Signup and view all the answers

    How does the Simulation paradigm potentially reduce incorrect design risks?

    <p>By preventing potential errors through simulation</p> Signup and view all the answers

    What is a direct benefit of simulating different assembly phases in a production setting?

    <p>Increase in efficiency in using internal handling equipment</p> Signup and view all the answers

    Study Notes

    Questions and Answers

    • Question 1: Incremental innovation occurs when architecture relations are unchanged, and knowledge components are reinforced

    • Question 2: Architectural innovation occurs when architecture relations are altered, and knowledge components are substituted

    • Question 3: Modular innovation occurs when architecture relations are unchanged, and knowledge components are substituted

    • Question 4: Radical innovation occurs when architecture relations are altered, and knowledge components are substituted

    • Question 5: The strategic dimension connected to "Who are our customers?" in competitive strategy is customer intimacy; product leadership; operational excellence; it is connected to all of them

    • Question 6: The strategic dimension connected to "What do we offer them?" in competitive strategy is customer intimacy; product leadership; operational excellence; it is connected to all of them

    • Question 7: The strategic dimension connected to "How can we deliver it effectively and efficiently?" in competitive strategy is customer intimacy; product leadership; operational excellence; it is connected to all of them

    • Question 8: Technology push innovation is not a source of strategic innovation

    • Question 9: Defining the target market and identifying consumer unfulfilled needs allows companies to pursue design-driven innovation; technology push innovation; market pull innovation; design-driven innovation

    • Question 10: Developing innovative products or services and providing unique meaning to existing goods enables companies to pursue design-driven innovation; technology push innovation; market pull innovation; market pull innovation

    • Question 11: Optimizing production processes and developing new products to satisfy previously unidentified consumer needs allows companies to pursue design-driven innovation; technology push innovation; market pull innovation; market pull innovation

    • Question 12: Ecosystem partners are organizations weakly interconnected with each other, dependent on each other for their survival. Also includes artists, cultural organizations, sociologists, anthropologists, marketing and media experts. Includes manufacturers of hardware and software components.

    • Question 13: If a company decides to serve a tribe, it groups together two or more distinct but interdependent customer groups through a digital platform, identifies various customer groups based on their passions, interests, experiences .

    • Question 14: Society is not a building block of the business model canvas

    • Question 15: The business model framework; business model canvas; digital operating model; strategic fit matrix. Used to verify if the firm is strategically aligned in all its strategic dimensions.

    • Question 16: The 1st Industrial Revolution used centralized production.

    • Question 17: The 2nd Industrial Revolution used mass production.

    • Question 18: The 3rd Industrial Revolution used mass production

    • Question 19: The 4th Industrial Revolution used intelligent production

    • Question 20: Openness and closure; complexification and simplification; usability and security

    • Question 21: Complexification, ownership and flexibility; centralization, predictability and efficiency; reactivity, automation and simplification; decentralization, interoperability and augmentation

    • Question 22: Centralization, predictability and efficiency; reactivity, automation and simplification; decentralization, interoperability and augmentation

    • Question 23: Cyber Security is not one of the nine digital paradigms

    • Question 24: Industrial Internet of things; Blockchain; Big Data Analytics; System integration

    • Question 25: Reduction in the optimal size of production sites reduces economies of scale; reduction in product development; time and costs (time-to-market and learning economies); reduction in the number of items in stock; increase in freedom in product design.

    • Question 26: Reduction in the optimal size of sites reducing economies of scale; reduction in product development time and costs; reduction in the number of items in stock; increase in freedom in product design.

    • Question 27: Reduction in product development time and costs (time to market and learning economies); reduction in the number of items in stock (eliminating components); increasing freedom in product design; fostering creativity

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    Description

    Test your understanding of various types of innovation such as incremental, architectural, modular, and radical innovation. Additionally, explore how these innovations relate to competitive strategy dimensions like customer intimacy and product leadership. This quiz will help you solidify your knowledge in business innovation concepts.

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