Question 1

Necessity is always the mother of invention.Innovation only succeeds when there is a clear user need.

Accepted Answer

A) True 
 B)False  False

Question 2

Innovation networks are only used in new product development and do not apply in service sectors.

Accepted Answer

A) True 
 B)False  False

Question 3

Open innovation is

Accepted Answer

A) a model for organising the process where firms seek to source ideas from inside and outside 
B) an approach to risk management in innovation 
C) a board-level commitment to unlimited funds for innovation activities 
D) an innovation project with no limit on the number of staff employed 
A) a model for organising the process where firms seek to source ideas from inside and outside 
B) an approach to risk management in innovation 
C) a board-level commitment to unlimited funds for innovation activities 
D) an innovation project with no limit on the number of staff employed A

Question 4

A supplier development programme involving a major buyer firm and several of its key suppliers offers an opportunity for establishing a learning network.

Accepted Answer

A) True 
 B)False

Question 5

Communities of practice are facilities where sports skills can be developed more effectively.

Accepted Answer

A) True 
 B)False

Question 6

Innovation networks can be set up amongst competing firms.

Accepted Answer

A) True 
 B)False

Question 7

Firms join innovation networks primarily to reduce their costs.

Accepted Answer

A) True 
 B)False

Question 8

Innovation network participants must always be large organizations because they can spare the time to talk with others.

Accepted Answer

A) True 
 B)False

Question 9

Innovation networks can only be set up with firms who are in the same geographical area.

Accepted Answer

A) True 
 B)False

Question 10

The theory of networks talks about 'emergent properties' - essentially where the whole is greater than the sum of the parts.Which of the following is not an emergent property of an innovation network?

Accepted Answer

A) Bringing together different knowledge sets to solve a particular complex problem 
B) Maximising problem-solving capabilities by getting more (and different) minds on the job 
C) Sharing the risks around exploring and exploiting new ideas 
D) Reducing the catering costs of network meetings 
A) Bringing together different knowledge sets to solve a particular complex problem 
B) Maximising problem-solving capabilities by getting more (and different) minds on the job 
C) Sharing the risks around exploring and exploiting new ideas 
D) Reducing the catering costs of network meetings

Question 11

Emergent properties are

Accepted Answer

A) houses which come on the market after a fixed legal period 
B) characteristics of a network which emerge as a result of interaction amongst the players 
C) hidden beneftis in a product innovation which only come out after a period of use 
D) characteristics of networks set up in newly industrialising countries like Brazil or India 
A) houses which come on the market after a fixed legal period 
B) characteristics of a network which emerge as a result of interaction amongst the players 
C) hidden beneftis in a product innovation which only come out after a period of use 
D) characteristics of networks set up in newly industrialising countries like Brazil or India

Question 12

Which of the following is NOT a characteristic of a learning network?

Accepted Answer

A) they have a structure for operation, with boundaries defining participation 
B) processes which can be mapped on to the learning cycle 
C) there is some degree of measurement of learning outcomes which feeds back to operation of the network 
D) they meet on working days only 
A) they have a structure for operation, with boundaries defining participation 
B) processes which can be mapped on to the learning cycle 
C) there is some degree of measurement of learning outcomes which feeds back to operation of the network 
D) they meet on working days only

Question 13

In innovation networks, bigger is always better - the more players in the network the more effective it is?

Accepted Answer

A) True 
 B)False

Question 14

Which of the following is not a benefit which could emerge from an innovation network?

Accepted Answer

A) getting access to different and complementary knowledge sets 
B) reducing risks by sharing them 
C) accessing new markets and technologies 
D) priority access to major cultural events 
A) getting access to different and complementary knowledge sets 
B) reducing risks by sharing them 
C) accessing new markets and technologies 
D) priority access to major cultural events

Question 15

Setting up innovation networks requires a legal contract between organizations.

Accepted Answer

A) True 
 B)False

Question 16

Rothwell's 'fifth generation' model suggests that innovation....

Accepted Answer

A) needs five or more players in the network 
B) is increasingly about linkages within and across enterprises 
C) requires five times the original investment of the founder to succeed 
D) works best in old family businesses 
A) needs five or more players in the network 
B) is increasingly about linkages within and across enterprises 
C) requires five times the original investment of the founder to succeed 
D) works best in old family businesses

Question 17

Which of the following are NOT advantages which might emerge from a process of shared learning?

Accepted Answer

A) challenge and structured critical reflection from different perspectives 
B) different perspectives can bring in new concepts (or old concepts which are new to the learner) 
C) shared experimentation can reduce perceived and actual costs risks in trying new things 
D) less audiovisual material is needed 
A) challenge and structured critical reflection from different perspectives 
B) different perspectives can bring in new concepts (or old concepts which are new to the learner) 
C) shared experimentation can reduce perceived and actual costs risks in trying new things 
D) less audiovisual material is needed

Necessity is always the mother of invention.Innovation only succeeds when there is a clear user need.

Innovation networks are only used in new product development and do not apply in service sectors.

Open innovation is

A supplier development programme involving a major buyer firm and several of its key suppliers offers an opportunity for establishing a learning network.

Communities of practice are facilities where sports skills can be developed more effectively.

Innovation networks can be set up amongst competing firms.

Firms join innovation networks primarily to reduce their costs.

Innovation network participants must always be large organizations because they can spare the time to talk with others.

Innovation networks can only be set up with firms who are in the same geographical area.

The theory of networks talks about 'emergent properties' - essentially where the whole is greater than the sum of the parts.Which of the following is not an emergent property of an innovation network?

Emergent properties are

Which of the following is NOT a characteristic of a learning network?

In innovation networks, bigger is always better - the more players in the network the more effective it is?

Which of the following is not a benefit which could emerge from an innovation network?

Setting up innovation networks requires a legal contract between organizations.

Rothwell's 'fifth generation' model suggests that innovation....

Which of the following are NOT advantages which might emerge from a process of shared learning?

The Innovation Imperative

Social Innovation

Sustainability-Led Innovation

Entrepreneurial Creativity

Sources of Innovation

Search Strategies for Innovation

Building the Case

Leadership and Teams

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

Learning to Manage Innovation and Entrepreneurship

Filters

Exam 10: Exploiting Networks

Necessity is always the mother of invention.Innovation only succeeds when there is a clear user need.

Innovation networks are only used in new product development and do not apply in service sectors.

Open innovation is

A supplier development programme involving a major buyer firm and several of its key suppliers offers an opportunity for establishing a learning network.

Communities of practice are facilities where sports skills can be developed more effectively.

Innovation networks can be set up amongst competing firms.

Firms join innovation networks primarily to reduce their costs.

Innovation network participants must always be large organizations because they can spare the time to talk with others.

Innovation networks can only be set up with firms who are in the same geographical area.

The theory of networks talks about 'emergent properties' - essentially where the whole is greater than the sum of the parts.Which of the following is not an emergent property of an innovation network?

Emergent properties are

Which of the following is NOT a characteristic of a learning network?

In innovation networks, bigger is always better - the more players in the network the more effective it is?

Which of the following is not a benefit which could emerge from an innovation network?

Setting up innovation networks requires a legal contract between organizations.

Rothwell's 'fifth generation' model suggests that innovation....

Which of the following are NOT advantages which might emerge from a process of shared learning?

The Innovation Imperative

Social Innovation

Sustainability-Led Innovation

Entrepreneurial Creativity

Sources of Innovation

Search Strategies for Innovation

Building the Case

Leadership and Teams

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

Learning to Manage Innovation and Entrepreneurship

Filters