Multiple Choice
Invention and innovation
A) are closely related, so the same ingredients to success are required for both.
B) are related - but invention requires creativity whereas innovation requires subsequent cross functional collaboration.
C) are best performed by a single, integrated team.
D) are a cultural phenomenon which must be inculcated into the entire workforce.
Correct Answer:
Verified
Correct Answer:
Verified
Q16: Most inventions are based on new technology.
Q17: Innovation must involve the attempted commercialisation of
Q18: The choice of a strategy to exploit
Q19: Industry standard solutions always appear.
Q20: Firms innovate because<br>A)the human race is naturally
Q22: Close co-operation with a major potential customer
Q23: The connection between invention and innovation is<br>A)they
Q24: Public versus private standards are respectively<br>A)standards set
Q25: Network externalities are what cause technical standards
Q26: Complementary resources include<br>A)ancillary products.<br>B)give-away promotional products such