CHAP 2

Question 1

something that involves developing, creating new concepts and new ideas that will be useful for the target customers

Answer 1

Innovation

Question 2

Four types of innovation, it is also known as routine innovation happens on an incremental
basis, is often a response to customer and market demands or improvements in technology

Answer 2

Sustaining Innovation

Question 3

an innovation that simplifies and makes more affordable products and services to undesirable or ignored markets.

Answer 3

Disruptive Innovation

Question 4

innovation from inside a company that
pushes something to the next level.

Answer 4

Breakthrough Innovation

Question 5

this type of innovation begins with the discovery of some new phenomenon. it is a process of conducting a study about a specific problem and finding out solutions that will
benefit companies and industries in lieu with innovation

Answer 5

Basic Research

Question 6

What are the Principles of Sustainable Innovation ( A 10-step Program for Corporate Survival)

Answer 6

Inspire
NO Risk, NO Innovation
New product process
Ownership
Value Creation
Accountability
Training and Coaching
Idea Management
Observe and Measure
Net Result and Reward

Question 7

In Innovation, there should be a leader who can inspire others.

Answer 7

Inspire

Question 8

Most Technopreneurs are risk taker because they are innovating new products or services which they have no assurance if it will survive in the market.

Answer 8

NO Risk, NO Innovation

Question 9

Innovation starts with a vision; an innovator should understand what they intend to develop for the benefit of their consumers and undergo with a structured process which includes idea generation, evaluation, prototyping, customer feedback and
success metrics.

Answer 9

New product process

Question 10

The business leader has all the ownership on the new products and innovation in such a way that he/she generates the ideas and develop the appropriate business model.

Answer 10

Ownership

Question 11

Once there is an innovation, those new products should have a value and will be served as a solution to real customer problems.

Answer 11

Value Creation

Question 12

It is a standard that the team members and leaders have the full responsibility and obligations in the innovations.

Answer 12

Accountability

Question 13

Proper hiring and staffing of the people in the organization is a must to make sure that they are cautious of their responsibility and right mindset to perceive the future innovations. Continuous coaching is necessary to maintain the attitude and spirit.

Answer 13

Training and Coaching

Question 14

In building products and rendering quality services, the organization should value the presence of the customers and sales members in order to have a brainstorming of what will be the best for the company

Answer 14

Idea Management

Question 15

It is a need to track the results if it is already an ideal Return of Investment.

Answer 15

Observe and Measure

Question 16

If the company achieve their ROI, incentives for their employees is one way of motivation. There are several ways to motivate people aside form financial aspect such as recognition for a job well done.

Answer 16

Net Result and Reward

Question 17

There are various creative presentation ideas that can be helpful to those who are presenting a proposal to a prospective client, presenting the output of your work and presenting to potential investor with a goal to inspire the audience.

Answer 17

Idea Presentations

Question 18

If you are presenting, make sure that it is not only about the facts of your product or services but rather you can tell a story where they will be interested to listen and focus to

Answer 18

Storytelling Presentation

Question 19

It will be more inspiring to try set some captivating tune that will help your presentation to stand out and in order to be remembered by prospective clients.

Answer 19

Musical Presentation

Question 20

It is desirable to make presentations that will have both visuals and audio content to make it as a video

Answer 20

Video Presentation

Question 21

this to make your audience or clients prone from reading slides word-for-word

Answer 21

Photo-Only Presentation

Question 22

Giving them a part to play on the presentation and providing them with new initiative for the business.

Answer 22

Immersive Presentation

Question 23

It is preferably advisable to ask questions to your audience in order for you to know if they are interested and make them involved in your presentation and you can have an idea if they understand your products or services to be offered

Answer 23

Question Presentation

Question 24

Some clients would like to see and touch the
product for actual demonstration and they can even try using the product themselves which is the best way to promote

Answer 24

Demonstrative Presentation

Question 25

A speaker with great humor will make the presentation livelier because the audience will become active in the discussion

Answer 25

Humorous presentation

Question 26

You can film the product in a 3D style where the audience or your client can visualize the entire interface of the product

Answer 26

Animated Presentation

Question 27

This not a techy presentation that you need computers because
you will use visual aids to make a creative presentation

Answer 27

Props Presentation

Question 28

selecting the best ideas among the
list of different innovative process

Answer 28

Idea Selection

Question 29

Five Steps of Decision-Making Process

Answer 29

Problem or Need Recognition
Information Research
Evaluation Alternatives
Selection Stage
Evaluation of Decision

Question 30

What Step of Idea Selection that the ideas without potential have to be selected quickly using ABC Analysis

Answer 30

Step 1- Rough Selection

Question 31

What Step of Idea Selection that the sifted ideas are further selected. Withe use of “dots gluing” method

Answer 31

Step 2- Fine Selection

Question 32

What Step of Idea Selection that the ideas are qualitatively analyzed and evaluated on the basis of criteria

Answer 32

Step 3- Detailed Analysis

Question 33

An innovative leader should conduct a________ to justify the needs of customers

Answer 33

Market Research and Validation