Podcast
Questions and Answers
Which type of innovation fundamentally changes the nature of competition in an industry?
Which type of innovation fundamentally changes the nature of competition in an industry?
- Radical Innovation (correct)
- Managerial Innovation
- Incremental Innovation
- Technical Innovation
What type of innovation is described as a new product, service, or technology developed by an organization that replaces an existing one?
What type of innovation is described as a new product, service, or technology developed by an organization that replaces an existing one?
- Incremental Innovation
- Product Innovation
- Radical Innovation (correct)
- Process Innovation
Which form of innovation modifies an existing product without significantly affecting competition in an industry?
Which form of innovation modifies an existing product without significantly affecting competition in an industry?
- Technical Innovation
- Managerial Innovation
- Product Innovation
- Incremental Innovation (correct)
What is the primary difference between radical innovation and incremental innovation?
What is the primary difference between radical innovation and incremental innovation?
Which type of innovation would likely require a higher level of resources and investment compared to the others?
Which type of innovation would likely require a higher level of resources and investment compared to the others?
If a company wants to introduce a new version of its existing product with enhanced features, which type of innovation would be most suitable?
If a company wants to introduce a new version of its existing product with enhanced features, which type of innovation would be most suitable?
What is the main difference between product innovation and process innovation?
What is the main difference between product innovation and process innovation?
Which phase of the Innovation Process is associated with high return innovation?
Which phase of the Innovation Process is associated with high return innovation?
In organizational context, what does 'OD' typically stand for?
In organizational context, what does 'OD' typically stand for?
What does a decline phase indicate in the context of Innovation Development?
What does a decline phase indicate in the context of Innovation Development?
Which type of innovation involves a change in the way a product or service is manufactured?
Which type of innovation involves a change in the way a product or service is manufactured?
What is the primary focus of Organization Development Techniques?
What is the primary focus of Organization Development Techniques?
What is the main difference between technical innovation and managerial innovation?
What is the main difference between technical innovation and managerial innovation?
Which type of innovation specifically refers to changes in the physical processes through which a product or service is manufactured?
Which type of innovation specifically refers to changes in the physical processes through which a product or service is manufactured?
What is a key challenge that a management team may face when implementing technical and managerial innovations simultaneously?
What is a key challenge that a management team may face when implementing technical and managerial innovations simultaneously?
In the context of organizational innovation, what does 'managerial innovation' primarily focus on?
In the context of organizational innovation, what does 'managerial innovation' primarily focus on?
Which statement best describes the purpose of a 'technical innovation'?
Which statement best describes the purpose of a 'technical innovation'?
Why is it crucial for a management team to consider implementing both technical and managerial innovations together?
Why is it crucial for a management team to consider implementing both technical and managerial innovations together?
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