Loma 335 chapter 1 questions with answers
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Disruptive changes - CORRECT ANSWERS ✔✔1. They make
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significant contribution to process efficiency
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2. DC are changes that have the potential to influence how a
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business operates |\
3. Company leaders who see DC as opportunities consider
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innovative ways to recreate the business in order to be relevant
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in the future
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Organizational innovation - CORRECT ANSWERS ✔✔new or |\ |\ |\ |\ |\ |\ |\
significantly improved design for BUSINESS PRACTICES
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product innovation - CORRECT ANSWERS ✔✔new product that is
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significantly different from existing products i.e. it's
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characteristics, components functions, or it intended users |\ |\ |\ |\ |\ |\
process innovation - CORRECT ANSWERS ✔✔new or significantly
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improved production process or method of delivery
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Marketing Innovation - CORRECT ANSWERS ✔✔new or
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significantly improved marketing method, product design, or
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product packaging
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Breakthrough innovation - CORRECT ANSWERS ✔✔BI has the
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potential for large gains in productivity and profits
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, BI presents greater risk and greater cost than incremental
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innovations
incremental innovation - CORRECT ANSWERS ✔✔involves less |\ |\ |\ |\ |\ |\ |\
risk and less cost than breakthrough innovation
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I I builds upon existing knowledge and involves familiar
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components - improvement to existing processes or products |\ |\ |\ |\ |\ |\ |\ |\
creating new market for insurance products
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Innovative Thinking - Statements - CORRECT ANSWERS ✔✔A
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project team should use convergent thinking to select the best
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possible options from the range of possibilities identified during
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divergence
not all stakeholders should be actively involved in the innovation
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process
a project team should identify three alternatives, evaluate all of
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them, and one option to recommend to management
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I.T. requires questioning the appropriateness of all assumptions
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I.T. works well with complex problems
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Disruptive changes - CORRECT ANSWERS ✔✔1. They make
|\ |\ |\ |\ |\ |\ |\ |\
significant contribution to process efficiency
|\ |\ |\ |\
2. DC are changes that have the potential to influence how a
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
business operates |\
3. Company leaders who see DC as opportunities consider
|\ |\ |\ |\ |\ |\ |\ |\ |\
innovative ways to recreate the business in order to be relevant
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
in the future
|\ |\
Organizational innovation - CORRECT ANSWERS ✔✔new or |\ |\ |\ |\ |\ |\ |\
significantly improved design for BUSINESS PRACTICES
|\ |\ |\ |\ |\
product innovation - CORRECT ANSWERS ✔✔new product that is
|\ |\ |\ |\ |\ |\ |\ |\ |\
significantly different from existing products i.e. it's
|\ |\ |\ |\ |\ |\ |\
characteristics, components functions, or it intended users |\ |\ |\ |\ |\ |\
process innovation - CORRECT ANSWERS ✔✔new or significantly
|\ |\ |\ |\ |\ |\ |\ |\
improved production process or method of delivery
|\ |\ |\ |\ |\ |\
Marketing Innovation - CORRECT ANSWERS ✔✔new or
|\ |\ |\ |\ |\ |\ |\
significantly improved marketing method, product design, or
|\ |\ |\ |\ |\ |\ |\
product packaging
|\
Breakthrough innovation - CORRECT ANSWERS ✔✔BI has the
|\ |\ |\ |\ |\ |\ |\ |\
potential for large gains in productivity and profits
|\ |\ |\ |\ |\ |\ |\
, BI presents greater risk and greater cost than incremental
|\ |\ |\ |\ |\ |\ |\ |\ |\
innovations
incremental innovation - CORRECT ANSWERS ✔✔involves less |\ |\ |\ |\ |\ |\ |\
risk and less cost than breakthrough innovation
|\ |\ |\ |\ |\ |\
I I builds upon existing knowledge and involves familiar
|\ |\ |\ |\ |\ |\ |\ |\ |\
components - improvement to existing processes or products |\ |\ |\ |\ |\ |\ |\ |\
creating new market for insurance products
|\ |\ |\ |\ |\
Innovative Thinking - Statements - CORRECT ANSWERS ✔✔A
|\ |\ |\ |\ |\ |\ |\ |\
project team should use convergent thinking to select the best
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
possible options from the range of possibilities identified during
|\ |\ |\ |\ |\ |\ |\ |\ |\
divergence
not all stakeholders should be actively involved in the innovation
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
process
a project team should identify three alternatives, evaluate all of
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
them, and one option to recommend to management
|\ |\ |\ |\ |\ |\ |\
I.T. requires questioning the appropriateness of all assumptions
|\ |\ |\ |\ |\ |\ |\
I.T. works well with complex problems
|\ |\ |\ |\ |\
