The severe impact of failure in innovation includes;A.Loss of moraleLoss of market opportunityC.All of the aboveD.Loss of financial investmentB. Stage gate process includes the following:I ideationIl investigationII developmentIV testingV commercializationA.All of the aboveВ. ОI and IIC.I and VD.III and IV

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Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Exrternal locus of control is considering your inner self responsible for your success and failure true false Overt and immediate changes are difficult to handle. true false People will do better when they get ______________ because it helps identify discrepancies between what they have done and what they want to do. a) input b goals c equity d feedback
6. For an innovation to be profitable, which factor is most essential? The technology underlying the product need not work The product must create value for the customer The Innovator must be a competitor All options are correct. 7. Which of the following is NOT part of process technology in manufacturing companies? Basic production equipment with advanced processes Fabrication Process The massive flow of materials throughout the supply chain The technologically advanced and extremely complex process 8. The knowledge where skills and abilities of an individual is gained through experience is known as? Explicit Knowledge Implicit Knowledge Tacit Knowledge All options are correct 9. Which among the following is the by-product of a hospital in Operations Management? Material Waste Clinical Waste Material Waste Heat Waste 10. Which among the following in the Ideas generation is NOT an external source? Surveys Customer Need Analysis Customer Suggestions Competitors
Give some things to encourage successful innovation with explanation
A company in the consumer electronics industry is experiencing a decline in its market share due to increased competition and changing consumer preferences. The company's products, once popular, are now losing traction in the market. Why should the company do PRODUCT INNOVATION AND DIFFERENTIATION? Intro Body Conclusion Please give a real-life example
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Demand Planning In a consensus meeting, who are the primary attendees? Marketing manager and sales Demand planner and production planner Demand planner and sales person None of the above
In customer segmentation who are the people who wait and watch, wait for proven value before trying something new a. Laggards b. Skeptics c. Early adoptors d. Pragmatists
The right vision affects organizational change in all of the following ways except: a. Ensuring that the blue sky hits the road. b. Attracting committment and energizing people. c. Creating meaning in employee's lives. d. Establishing a standard of excellence.
Reconstruct the given Business Process. Identify process that can be grouped into a sub-process. Draw the new diagram for your reconstructed business process.
1. A description of the injury prevention intervention use of seat belts 2. Explain how you might apply the Diffusion of Innovations theory to the seatbelts intervention. Include characteristics of the innovations, characteristics of adopters, and features of the settings or environmental contexts. 3. Explain the strengths and limitations of using Diffusion of Innovations theory with the intervention. Resources: Sharma, M., & Kanekar, A. (2008). Diffusion of Innovations theory for alcohol, tobacco, and drugs. Journal of Alcohol and Drug Education, 52(1), 3–7. Note: Retrieved from the Walden Library databases. Doll, L. S., Bonzo, S. E., Mercy, J. A., & Sleet, D. A. (Eds.). (2008). Handbook of injury and violence prevention. New York, NY: Springer. Handbook of injury and violence prevention by L. S. Doll, S. E. Bonzo, J. A. Mercy, & D. A. Sleet. Copyright 2008 by SPRINGER-VERLAG NEW YORK INC. Reprinted by permission of SPRINGER-VERLAG NEW YORK INC. via…
Organization PQR applies external sources such as customer feedback, competitors and external agencies to solve their current innovation. What is the type of innovation used by this organization? А. Close innovation В. Novel innovation C. Open innovation D. Evolutionary innovation
Sources of good new-product ideas include A. customers. B. employees. C. research and development. D. competitors. E. all of the above.

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The severe impact of failure in innovation includes; A. Loss of morale В. Loss of market opportunity C. O All of the above D. O Loss of financial investment