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Adaptive Technology & Innovation Chapter Exam

Exam Instructions:

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

Page 1

Question 1 1. Which of the following is an important and core component of open innovation in business? Choose the BEST answer.

Question 2 2.

Which of the following is a potential benefit of open innovation in business?

I. The improvement of existing products and services

II. The creation of new products and services

III. Increased employee engagements

Question 3 3. Open innovation:

Question 4 4. What is business model innovation?

Question 5 5. How has globalization impacted business model innovation?

Page 2

Question 6 6. What is a business model?

Question 7 7. The innovator's dilemma proposes that, in the face of disruptive technologies, large, well-established companies _____.

Question 8 8. In the 1990s, which of the following companies took advantage of disruptive technologies (namely the internet) in order to outcompete Borders?

Question 9 9. A disruptive technology that could be a threat to your business if you don't take advantage of it. Which is NOT a facet of a potentially threatening disruptive technology?

Question 10 10. Zara succeeds in process innovation in which of these areas?

Page 3

Question 11 11. If you are a small business owner looking to implement process innovation in your shipping department, which of these might be a worthwhile option to consider?

Question 12 12. What is process innovation?

Question 13 13. Which of the following is a product innovation for an existing product?

Question 14 14. Which of the following would be innovative when it comes to making a new light bulb?

Question 15 15. How do companies improve their products to make them innovative?

Page 4

Question 16 16. Companies that innovate by collaborative ventures with stakeholders use _____.

Question 17 17.

Adaptive organizations must rely on what to increase stakeholder satisfaction?

I. Experimentation

II. Innovation

III. Funding

Question 18 18. Open source innovation relies on the use of _____ by which the public and the adaptive organization can interact.

Question 19 19. Before a technical or adaptive problem can be solved, a leader must _____.

Question 20 20. Challenges that are solved with available resources, solutions, and know-how are _____.

Page 5

Question 21 21. Which of the following problem types is EASIEST to dismiss?

Question 22 22. The role of opportunity recognition in innovation is:

Question 23 23. Opportunity recognition requires all of these steps EXCEPT:

Question 24 24. How is opportunity recognition used in continuous process improvement?

Question 25 25. In Roe v. Wade, The US Supreme Court legalized abortion. Although the law itself is an indicator of a political position, it should most likely be decoded as an indicator of future _____ changes.

Page 6

Question 26 26. Which indicator would be of the most interest to a retailer selling clothes, hardware, or electronics?

Question 27 27. Early in the 20th century, the United States briefly passed an amendment forbidding the sale of alcohol. This was known as Prohibition. Which indicator type was NOT applicable to a liquor producer during Prohibition?

Question 28 28. Which of the following statements is true?

Question 29 29. Which of these is an example of how consumer behavior might lead to a company's business model innovation?

Question 30 30.

When evaluating a disruptive technology, you might discover that it has some obstacles to overcome, such as _____.

I. social obstacles

II. financial obstacles

III. legal obstacles

Adaptive Technology & Innovation Chapter Exam Instructions

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

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