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10 Questions

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DT WEEK 1

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Questions and Answers

Which of the following is NOT one of the four growth strategies in the Ansoff matrix?

Platform diversification

Digital growth strategies (correct)

Co-creation platform

Platform based market penetration

What is the purpose of measuring key performance indicators (KPIs) in digital firms?

To track profitability

To facilitate learning (correct)

To improve employee attraction

To focus on growth figures

What is the main focus of digital firms when it comes to financial metrics?

Digital skills

Profitability

Growth figures (correct)

Employee attraction

Which type of businesses are struggling to adapt to the changing environment and are at risk of being wiped out?

Old business models Signup and view all the answers

What is one way in which digital innovation is changing the process of innovation in a business?

Transforming the way businesses communicate with customers Signup and view all the answers

What is one way in which competition has changed in the digital age?

Competition now comes from industries outside of a business's industry Signup and view all the answers

Which phase of digital transformation introduces a new business model by implementing new business logic to capture value?

Digital transformation Signup and view all the answers

What are the three major external factors driving the need for digital transformation?

Digital technologies, changing competition, changing consumer behavior Signup and view all the answers

What is the strategic necessity of digital transformation related to digital resources?

Digital assets, digital agility, digital networking capability Signup and view all the answers

What organizational structure is suggested for business model innovation during digital transformation?

Separate business units Signup and view all the answers