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Innovation strategy MCQ

1. According to Christensen, what is the reason that sustaining technologies do NOT produce innovation?

They improve the performance of existing products rather than replace them

They need more investment

They are obsolete

All of the above

Answer

Correct Answer: They improve the performance of existing products rather than replace them

Note: This Question is unanswered, help us to find answer for this one

2. According to Schumpeter, which notion describes the ‘process of industrial mutation that incessantly revolutionizes the economic structure from within, incessantly destroying the old one, incessantly creating a new one’?

Creative absorption

Creative imaginary

Creative destruction

None of the above

Answer

Correct Answer: Creative destruction

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3. A ______ is defined as an evolving ecosystem that is created from many interconnected pieces.

Platform

Mechanism

Structure

Management style

Answer

Correct Answer: Platform

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4. _______ fundamentally changes the products offered.

Severe invention

Total elimination

Radical innovation

Rapid invention

Answer

Correct Answer: Radical innovation

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5. _______ means doing new things.

Product innovation

Service invention

Improvisation

None of the above

Answer

Correct Answer: Product innovation

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6. Innovation often or always involves:

Money

A supporting organizational structure and ethos

Learning

All of the above

Answer

Correct Answer: All of the above

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7. The smartphone and the iPad are both examples of:

New inventions

New brands

Innovations

None of the above

Answer

Correct Answer: None of the above

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8. __ is often confused with or mistaken for _.

Innovation/invention

New product development/organizational change

Change/innovation

Invention/managerial change

Answer

Correct Answer: Change/innovation

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9. According to Marceau, innovation often requires:

The establishment of new work practices

Money

A change of the CEO

All of the above

Answer

Correct Answer: The establishment of new work practices

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10. ______ is usually defined as the creation of novelty that provides economic value through the creation of new products and services.

Invention

Innovation

Managerial sophistication

All of the above

Answer

Correct Answer: Innovation

Note: This Question is unanswered, help us to find answer for this one

Corporate Strategy MCQs | Topic-wise

MCQ on Futures of Strategic Management	MCQ on Going Global strategy
MCQ on Innovation strategy	MCQ on Introduction to Strategy
MCQ on Making or Buying Strategy	MCQ on Resources and Capabilities Strategy
MCQ on Strategic Change	MCQ on Strategic Cooperation and Alliances
MCQ on Strategy Processes	MCQ on Strategy and Organizational Politics
General Corporate Strategy MCQs

Innovation strategy MCQ

1. According to Christensen, what is the reason that sustaining technologies do NOT produce innovation?

2. According to Schumpeter, which notion describes the ‘process of industrial mutation that incessantly revolutionizes the economic structure from within, incessantly destroying the old one, incessantly creating a new one’?

3. A ______ is defined as an evolving ecosystem that is created from many interconnected pieces.

4. _______ fundamentally changes the products offered.

5. _______ means doing new things.

6. Innovation often or always involves:

7. The smartphone and the iPad are both examples of:

8. ______ is often confused with or mistaken for _____.

9. According to Marceau, innovation often requires:

10. ______ is usually defined as the creation of novelty that provides economic value through the creation of new products and services.

8. __ is often confused with or mistaken for _.