D081 Study Guide With 100% Correct Solutions
Initiative - ANSWER An organizational priority that identifies a direction or strategic area
of focus.
Iterative - ANSWER Repeated cycles that increasingly approach the desired result.
Innovation - ANSWER Process of developing and implementing a new product/process
that delivers value to users/customers.
Creativity - ANSWER Generation of novel or unique ideas.
Critical Thinking - ANSWER Disciplines 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/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.
Initiative - ANSWER An organizational priority that identifies a direction or strategic area
of focus.
Iterative - ANSWER Repeated cycles that increasingly approach the desired result.
Innovation - ANSWER Process of developing and implementing a new product/process
that delivers value to users/customers.
Creativity - ANSWER Generation of novel or unique ideas.
Critical Thinking - ANSWER Disciplines 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/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.
