WGU D081 VERSION 5 QBM3 TASK 1 AND
TASK 2 COMPLETE STUDY GUIDE WITH
SOLVED QUESTIONS
◉ Innovation.
Answer: Process of developing and implementing a new product or
process that delivers value to users or customers
◉ Iterative.
Answer: Repeated cycles that increasingly approach the desired
result
◉ Creativity.
Answer: Generation of novel or unique ideas
◉ Critical Thinking.
Answer: Disciplined process of rational, evidenced-based, and open-
minded thinking that involves analysis and evaluation of inputs to
reach an answer
◉ Market Share.
,Answer: The percentage of sales in a market controlled by a
particular company or product
◉ Customer Value.
Answer: The benefit (vs. cost) a customer receives from a product or
service offering
◉ Product Innovations.
Answer: New or improved goods or services offered to the market
◉ Process Innovations.
Answer: New or improved ways of conducting business, such as the
application of new technology, production techniques, or
distribution methods
◉ Invention.
Answer: The creation of a unique new idea, process, or object
◉ Which type of innovation adds indirect value to customers by
lowering costs and increasing the quality of new or existing
products or services?.
Answer: Process
,◉ Research and Development.
Answer: Organizational activities with the goal of innovating
products and services
◉ Incremental Innovations.
Answer: Gradual improvements to products or processes
◉ Breakthrough Innovation.
Answer: The development of an entirely new product or process
◉ Transformational Innovation.
Answer: Organizational adaptation and development of new
processes and business models
◉ Business Model.
Answer: A company's plan for creating value, including the types of
products and services it will offer to earn revenue
◉ Which type of innovation results in the development of entirely
new products or processes?.
Answer: Breakthrough
◉ Key Point.
, Answer: Innovation is an activity or process that leads to more
effective products, processes, services, technologies, or ideas.
Innovation is the development of customer value through solutions
that meet unmet needs in new ways.
◉ Key Point.
Answer: Creativity is the generation of new ideas. Innovation is the
development and implementation of a new idea through a series of
stages.
◉ Key Point.
Answer: Three types of innovation include breakthrough,
incremental, and transformational. Breakthrough innovation results
in the development of completely new products or processes.
Incremental innovation occurs through gradual improvements.
Transformational innovation radically changes an existing product
or process into a new model.
◉ Design Thinking.
Answer: A human-centered process for innovation consisting of six
iterative stages—empathize, define, ideate, prototype, test, and
implement
◉ Scientific Method.
TASK 2 COMPLETE STUDY GUIDE WITH
SOLVED QUESTIONS
◉ Innovation.
Answer: Process of developing and implementing a new product or
process that delivers value to users or customers
◉ Iterative.
Answer: Repeated cycles that increasingly approach the desired
result
◉ Creativity.
Answer: Generation of novel or unique ideas
◉ Critical Thinking.
Answer: Disciplined process of rational, evidenced-based, and open-
minded thinking that involves analysis and evaluation of inputs to
reach an answer
◉ Market Share.
,Answer: The percentage of sales in a market controlled by a
particular company or product
◉ Customer Value.
Answer: The benefit (vs. cost) a customer receives from a product or
service offering
◉ Product Innovations.
Answer: New or improved goods or services offered to the market
◉ Process Innovations.
Answer: New or improved ways of conducting business, such as the
application of new technology, production techniques, or
distribution methods
◉ Invention.
Answer: The creation of a unique new idea, process, or object
◉ Which type of innovation adds indirect value to customers by
lowering costs and increasing the quality of new or existing
products or services?.
Answer: Process
,◉ Research and Development.
Answer: Organizational activities with the goal of innovating
products and services
◉ Incremental Innovations.
Answer: Gradual improvements to products or processes
◉ Breakthrough Innovation.
Answer: The development of an entirely new product or process
◉ Transformational Innovation.
Answer: Organizational adaptation and development of new
processes and business models
◉ Business Model.
Answer: A company's plan for creating value, including the types of
products and services it will offer to earn revenue
◉ Which type of innovation results in the development of entirely
new products or processes?.
Answer: Breakthrough
◉ Key Point.
, Answer: Innovation is an activity or process that leads to more
effective products, processes, services, technologies, or ideas.
Innovation is the development of customer value through solutions
that meet unmet needs in new ways.
◉ Key Point.
Answer: Creativity is the generation of new ideas. Innovation is the
development and implementation of a new idea through a series of
stages.
◉ Key Point.
Answer: Three types of innovation include breakthrough,
incremental, and transformational. Breakthrough innovation results
in the development of completely new products or processes.
Incremental innovation occurs through gradual improvements.
Transformational innovation radically changes an existing product
or process into a new model.
◉ Design Thinking.
Answer: A human-centered process for innovation consisting of six
iterative stages—empathize, define, ideate, prototype, test, and
implement
◉ Scientific Method.
