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Innovative Leadership and Customer Needs

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Innovative Leadership and Customer Needs

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Questions and Answers

What is the purpose of conducting market validation according to the text?

To determine customer needs

To make significant investments in the product

To conduct surveys and interviews

To justify the needs of the customers (correct)

Why is decision making considered an enormous task according to the text?

Because it determines customer needs

Because it involves thorough research

Because it relies on market validation

Because the success of the business depends on it (correct)

Why should an innovative leader undergo thorough research about customer needs?

To determine market validation

To meet the demands of customers (correct)

To know all latent needs of customers

To invest significantly in the product

What does market research and validation demand according to the text?

Conducting interviews with target market customers Signup and view all the answers

What is the purpose of an 'ABC analysis'?

To categorize ideas based on necessity and value Signup and view all the answers

How are A-ideas treated in the decision-making process described?

Automatically included in the next round Signup and view all the answers

What method is recommended for fine selection of ideas in the text?

Dot gluing Signup and view all the answers

In the detailed analysis stage, what criteria are used to evaluate product ideas?

Customer benefit and feasibility Signup and view all the answers

How are participant preferences ranked in the 'dots gluing' method?

By the number of sticky points received Signup and view all the answers

What additional information is collected during detailed analysis of ideas?

Competitors' business models Signup and view all the answers

What is the purpose of tracking the results in terms of Return on Investment (ROI)?

To measure profitability Signup and view all the answers

Which factor is mentioned as a way to motivate employees aside from financial incentives?

Recognition for good work Signup and view all the answers

What should presenters focus on to overcome the challenge of presentations?

Knowing the audience's interests Signup and view all the answers

What is essential for a company to do before releasing new products to meet its needs?

Value the presence of customers and sales members Signup and view all the answers

How does the text suggest companies can inspire their audience during presentations?

By presenting creative ideas Signup and view all the answers

Which aspect does the text emphasize as crucial for companies to measure after releasing new products?

Customer satisfaction levels Signup and view all the answers