MCQ #5 3pts +suggestions
Dillon Shaffer
a) The ability to motivate employees and partners
b) The ability to read and act on signals of change
c) The ability to manage complex and interconnected systems of multiple stakeholders
****d) The ability to know when to create a vertically integrated supply chain
e) The ability to experiment rapidly and frequently with products, services, business models and strategies
Innovator’s Dilemma: Which of the following principles is INCORRECT?
a. Customers greatly influence the patterns of resource allocation in well-run companies.
b. Failure is often an intrinsic step towards success.
*c. Small markets bear opportunities to solve and fuel the growth needs of large companies.
d. Organizations have capabilities that exist independently of the capabilities of the people who work for them.
e. The supply of technology and innovation may surpass market demand.
Funding Growth in an Age of Austerity: Which question is IRRELEVANT?
a. Will the idea change customer expectations and behaviors?
b. Will the idea change the basis of industry competition?
c. Will the idea change industry economics?
*d. Will the idea require enough funding for R&D?
e. Will the idea surprise both competitors and customers?
Growth in an Age of Austerity: Which ratio is INCORRECT? Raising the ratio of…
*a. Total number of employees to innovators
b. Radical innovation to incremental innovation
c. Externally sourced innovation to internally sourced innovation
d. Learning over investment of innovation projects
e. Commitment over the number of key innovation priorities
Adaptability - The New Competitive Advantage: The following capabilities foster rapid adaptation, EXCEPT:
a. The ability to create a flexible, diverse, and autonomous organization
*b. The ability to counter competitor strategies by employing new competencies
c. The ability to conduct frequent experiments on ideas more efficiently than rivals
d The ability to detect and quickly act on signals of external changes
e. The ability to manage codependent, dynamic business systems
Adaptability - The New Competitive Advantage: All of the following statements are correct, EXCEPT:
a. Companies that succeed are nimble and able to react quickly to change
b. Creative experimentation is a vital tool in corporate success
c. A company can generate success by utilizing it networks of partners and suppliers to innovate
d. Sensitivity analysis across a variety of uncertainties is a better way to evaluate risk than one larger model
*e. Departmental silos are often the best way to promote efficiency and therefore innovation