Question 1

Which of these statements might you NOT expect people to make in an innovative organization?

Accepted Answer

A) We have a supportive climate for new ideas - people don't have to leave the organization to make them happen 
B) We encourage people in this department to keep themselves to themselves - that way we keep control 
C) People work well together across departmental boundaries 
D) Our reward and recognition system supports innovation 
A) We have a supportive climate for new ideas - people don't have to leave the organization to make them happen 
B) We encourage people in this department to keep themselves to themselves - that way we keep control 
C) People work well together across departmental boundaries 
D) Our reward and recognition system supports innovation B

Question 2

Which of the following approaches can assist with effective change management?

Accepted Answer

A) A clear change management strategy at top level 
B) Early involvement 
C) Create an open climate, in which individual anxieties and concerns can be expressed 
D) All of the above 
A) A clear change management strategy at top level 
B) Early involvement 
C) Create an open climate, in which individual anxieties and concerns can be expressed 
D) All of the above D

Question 3

Which of the following would NOT be a good measure of innovation performance?

Accepted Answer

A) Number of new ideas (product/ service/ process) generated at start of innovation system 
B) Number or percentage of overruns on development time and cost budgets 
C) Level of employer contribution to employee pension 
D) Development man-hours per completed innovation 
A) Number of new ideas (product/ service/ process) generated at start of innovation system 
B) Number or percentage of overruns on development time and cost budgets 
C) Level of employer contribution to employee pension 
D) Development man-hours per completed innovation C

Question 4

Innovation requires a formal investment in R&D.

Accepted Answer

A) True 
 B)False

Question 5

Benchmarking can only be used to compare between firms of the same size and working in the same sector.

Accepted Answer

A) True 
 B)False

Question 6

Innovation success is directly related to R&D (research and development) spending- the more you spend, the more innovations you get.

Accepted Answer

A) True 
 B)False

Question 7

A Delphi panel is

Accepted Answer

A) an architectural feature of ancient Greek temples 
B) a method for exploring possible futures by combining expert predictions 
C) a group of venture capitalists 
D) a special type of car door 
A) an architectural feature of ancient Greek temples 
B) a method for exploring possible futures by combining expert predictions 
C) a group of venture capitalists 
D) a special type of car door

Question 8

Successful innovation always depends on getting wild ideas from people working in a 'skunk works' environment.

Accepted Answer

A) True 
 B)False

Question 9

An organization might use a 'stage gate' system for innovation development in order to…

Accepted Answer

A) provide common rules of the game for product development within Coloplast 
B) make clear decisions at the right moment 
C) clarify responsibility for different asepcts of the project 
D) All of the above 
A) provide common rules of the game for product development within Coloplast 
B) make clear decisions at the right moment 
C) clarify responsibility for different asepcts of the project 
D) All of the above

Question 10

Which of the following is often associated with innovation success?

Accepted Answer

A) Understanding user needs 
B) Good project management skills 
C) Regular review of progress against clear stop/go criteria for the project 
D) All of the above 
A) Understanding user needs 
B) Good project management skills 
C) Regular review of progress against clear stop/go criteria for the project 
D) All of the above

Question 11

Which of the following would you NOT expect to hear in an innovative organization?

Accepted Answer

A) We don't believe in talking to customers - they only make our life difficult 
B) We are good at understanding the needs of our customers/end-users 
C) We work well with universities and other research centres to help us develop our knowledge 
D) We collaborate with other firms to develop new products or processes 
A) We don't believe in talking to customers - they only make our life difficult 
B) We are good at understanding the needs of our customers/end-users 
C) We work well with universities and other research centres to help us develop our knowledge 
D) We collaborate with other firms to develop new products or processes

Question 12

A bubble chart is:

Accepted Answer

A) A graphical method for comparing risks and rewards in different innovation projects 
B) A reference table for soap manufacturing 
C) A graph showing the rate of inflation in high risk businesses - such as 'dotcom' ventures 
D) None of the above 
A) A graphical method for comparing risks and rewards in different innovation projects 
B) A reference table for soap manufacturing 
C) A graph showing the rate of inflation in high risk businesses - such as 'dotcom' ventures 
D) None of the above

Question 13

Innovation can't take place in public sector services because they don't have to make a profit.

Accepted Answer

A) True 
 B)False

Question 14

Patents are the best way to measure innovation.

Accepted Answer

A) True 
 B)False

Question 15

Which of the following would you NOT expect to hear people saying in an innovative organization?

Accepted Answer

A) There is top management commitment and support for innovation 
B) There is a clear link between the innovation projects we carry out and the overall strategy of the business 
C) If innovation happens round here, it's a lucky accident not a planned activity 
D) We have processes in place to help us manage new product development effectively from idea to launch 
A) There is top management commitment and support for innovation 
B) There is a clear link between the innovation projects we carry out and the overall strategy of the business 
C) If innovation happens round here, it's a lucky accident not a planned activity 
D) We have processes in place to help us manage new product development effectively from idea to launch

Question 16

Which of the following would you NOT expect to hear in a successful innovating company?

Accepted Answer

A) We have good 'win-win' relationships with our suppliers and we pick up a steady stream of ideas from them 
B) We look ahead in a structured way (using forecasting tools and techniques) to try and imagine future threats and opportunities 
C) We work closely with 'lead users' to develop innovative new products and services 
D) All of the above 
A) We have good 'win-win' relationships with our suppliers and we pick up a steady stream of ideas from them 
B) We look ahead in a structured way (using forecasting tools and techniques) to try and imagine future threats and opportunities 
C) We work closely with 'lead users' to develop innovative new products and services 
D) All of the above

Question 17

Which of the following would you NOT expect to hear people saying about an innovative organization?

Accepted Answer

A) Our organization structure does not stifle innovation but helps it to happen 
B) There is a strong commitment to training and development of people 
C) Our reward and recognition system supports innovation 
D) Suggesting changes or improvements is frowned upon 
A) Our organization structure does not stifle innovation but helps it to happen 
B) There is a strong commitment to training and development of people 
C) Our reward and recognition system supports innovation 
D) Suggesting changes or improvements is frowned upon

Which of these statements might you NOT expect people to make in an innovative organization?

Which of the following approaches can assist with effective change management?

Which of the following would NOT be a good measure of innovation performance?

Innovation requires a formal investment in R&D.

Benchmarking can only be used to compare between firms of the same size and working in the same sector.

Innovation success is directly related to R&D (research and development) spending- the more you spend, the more innovations you get.

A Delphi panel is

Successful innovation always depends on getting wild ideas from people working in a 'skunk works' environment.

An organization might use a 'stage gate' system for innovation development in order to…

Which of the following is often associated with innovation success?

Which of the following would you NOT expect to hear in an innovative organization?

A bubble chart is:

Innovation can't take place in public sector services because they don't have to make a profit.

Patents are the best way to measure innovation.

Which of the following would you NOT expect to hear people saying in an innovative organization?

Which of the following would you NOT expect to hear in a successful innovating company?

Which of the following would you NOT expect to hear people saying about an innovative organization?

The Innovation Imperative

Social Innovation

Sustainability-Led Innovation

Entrepreneurial Creativity

Sources of Innovation

Search Strategies for Innovation

Building the Case

Leadership and Teams

Exploiting Networks

Developing New Products and Services

Creating New Ventures

Developing Businesses and Talent Through Corporate Venturing

Growing the Enterprise

Exploiting Knowledge and Intellectual Property

Business Models and Capturing Value

Filters

Exam 17: Learning to Manage Innovation and Entrepreneurship

Which of these statements might you NOT expect people to make in an innovative organization?

Which of the following approaches can assist with effective change management?

Which of the following would NOT be a good measure of innovation performance?

Innovation requires a formal investment in R&D.

Benchmarking can only be used to compare between firms of the same size and working in the same sector.

Innovation success is directly related to R&D (research and development) spending- the more you spend, the more innovations you get.

A Delphi panel is

Successful innovation always depends on getting wild ideas from people working in a 'skunk works' environment.

An organization might use a 'stage gate' system for innovation development in order to…

Which of the following is often associated with innovation success?

Which of the following would you NOT expect to hear in an innovative organization?

A bubble chart is:

Innovation can't take place in public sector services because they don't have to make a profit.

Patents are the best way to measure innovation.

Which of the following would you NOT expect to hear people saying in an innovative organization?

Which of the following would you NOT expect to hear in a successful innovating company?

Which of the following would you NOT expect to hear people saying about an innovative organization?

The Innovation Imperative

Social Innovation

Sustainability-Led Innovation

Entrepreneurial Creativity

Sources of Innovation

Search Strategies for Innovation

Building the Case

Leadership and Teams

Exploiting Networks

Developing New Products and Services

Creating New Ventures

Developing Businesses and Talent Through Corporate Venturing

Growing the Enterprise

Exploiting Knowledge and Intellectual Property

Business Models and Capturing Value

Filters