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Basic Knowledge
Why/What?
What, What, What????
100

1- According to -------------- Model, Innovation is based on demand in the marketplace rather than changes in technology.

Linear market pull model.

100

New products are considered by the customers as new products even though they are based on existing technology. Which type of product innovation is this?

  • Continuous Innovation
  • Technological Discontinuous Innovation
  • Commercially Discontinuous Innovation 
  • Commercially and Technologically Discontinuous Innovation
  • All of these
100

What are the different between TDI project and MDI project?

There are at least five more identifiable differences, namely

  • Technological uncertainty
  • Market uncertainty
  • R&D investment
  • Development time,
  • The degree of innovation.
100

Why should small companies embrace open innovation?

To develop an offering with an overall higher functionality than what the company would develop.

100

What are the benefits of open innovation?

  • Marketing.
  • Gathering insight.
  • Finding talent.
  • R & D
200

Market-driven innovation occurs as a result of Supply from the marketplace.

  • True
  • False

Correct answer is demand from the marketplace not supply.

200

To achieve the effectiveness of stage-gate system team should be….. (List any two)

  • Be experienced with innovation and product development.
  • Have expertise in the discipline required at that particular gate (e.g., Marketing or financial analysis )
  • Have the authority to extend or withdraw funding.
  • Be very clear about company strategy.
  • Be objective and should not be effected by political pressure.
200

Explain the necessity of technology driven innovation?

  • TDI projects are necessary for technology-based firms to achieve or sustain long-term competitiveness.
  • TDI projects, although higher in risk, show a larger profit potential than MDI projects.
  • A broad technology base will increase a firm’s capability to meet future market demands
  • TDI projects have the potential to increase a firm’s intellectual property, which can in turn be licensed-out or sold to firms operating in non-competing business segments.
200

What are some of the advantages of technological innovation?

  • Easier.
  • Faster.
  • Effective communication.
  • Better & efficient manufacturing techniques.
  • Less wastage.
200

What is Technology-Driven Innovation?

Technology-driven innovation refers to progress and idea generation that occurs alongside the development of new technological capabilities.

300

_________________ is the process of transitioning technologies from the research lab to the marketplace. Technology commercialization is the process of transitioning technologies from the research lab to the marketplace.

Technology commercialization

300

What are the four levels of Innovation?

•Business Model Innovotion

•Product and Service Innovation

•Procss Innovation

•Technology Innovation