Innovation

Question 1

Name a few innovation tools.

Answer 1

Benchmarking, re-engineering, change management, technology audit, technology forecast, value analysis.

Question 2

Name a few product innovation tools.

Answer 2

Design for X, quality function deployment.

Question 3

Name a few managerial innovation tools.

Answer 3

Failure mode and defect analysis, peer evaluation, team building, ISO 9000, total productive maintenance.

Question 4

Name a few process innovation tools.

Answer 4

Design for manufacture and assembly, lean thinking, continuous improvement, concurrent engineering, JIT.

Question 5

What is open innovation?

Answer 5

It is a way to accelerate internal innovation by seeking ideas, concepts and talents together with external partners.

Question 6

What are the (5) levels of the innovation maturity curve?

Answer 6

1) Reactive.
2) Active.
3) Defined.
4) Performing.
5) Pervasive.

Question 7

Which (4) factors influence a firm’s ability to develop and create value through innovation?

Answer 7

The national system of innovation.
The power and market position.
The capability and processes of a firm.
External sources of innovation.

Question 8

What is needed (3) when building an innovation organisation?

Answer 8

Leadership, a shared vision, and the climate.