30 Questions
Competition is a zero-sum game.
Answer hidden
Key assets are held inside the firm.
Answer hidden
There are only a few dominant competitors per category.
Answer hidden
Blurred distinctions between partners and rivals are seen in the digital age.
Answer hidden
Competitors cooperate in key areas.
Answer hidden
Winner-takes-all situations are due to network effects.
Answer hidden
Data is expensive to generate in a firm.
Answer hidden
The challenge of data is storing and managing it.
Answer hidden
Data is continuously generated everywhere.
Answer hidden
Testing ideas is expensive, slow, and difficult in the digital age.
Answer hidden
Starting a digital business is easier than adapting an established business.
Answer hidden
The book includes nine strategic planning tools for digital transformation.
Answer hidden
The Customer Network Strategy Generator is a strategic ideation tool.
Answer hidden
The Platform Business Model Map is a strategic planning tool.
Answer hidden
The Disruptive Response Planner is a strategy map.
Answer hidden
The Convergent Experimental Method is a strategic planning tool.
Answer hidden
The Value Proposition Roadmap is a strategic decision tool.
Answer hidden
The Data Value Generator is a strategic ideation tool.
Answer hidden
The Competitive Value Train is a strategy map.
Answer hidden
The Divergent Experimental Method is a strategic planning tool.
Answer hidden
True or false: Digital transformation refers to a change in how a firm employs digital technologies to develop a new digital business model.
Answer hidden
True or false: The five domains of strategy in digital transformation include customers, competition, data, innovation, and value.
Answer hidden
True or false: The impact of digital transformation is limited, as barriers still exist in every business domain.
Answer hidden
True or false: In the digital transformation, customers are now seen as dynamic networks rather than mass markets.
Answer hidden
True or false: In the digital transformation, businesses should only view customers as targets for selling.
Answer hidden
True or false: Rethinking the traditional marketing funnel is unnecessary in the digital transformation.
Answer hidden
True or false: Businesses need to recognize that networked customers can be valuable innovation partners.
Answer hidden
True or false: The five domains of strategy in digital transformation include products, services, technology, marketing, and sales.
Answer hidden
True or false: The phases of digital transformation involve the domains of strategy, customers, and innovation.
Answer hidden
True or false: Digital transformation has no impact on the way businesses operate in different domains.
Answer hidden
Test your knowledge on the five domains of digital transformation with this quiz. Learn about the phases and strategies involved in digital transformation and understand how it can create value for businesses. Challenge yourself and enhance your understanding of this important concept.
Make Your Own Quizzes and Flashcards
Convert your notes into interactive study material.
Get started for free
