D081 - Innovative and Strategic Thinking
Questions with 100% Correct Answers
A product manager wants to redevelop the company's product line through innovative
solutions that improve the product and add to the product's perceived value. Which
approach to innovation would meet this goal?
Process
An entrepreneur is meeting with a small business center to brainstorm ways to
support small businesses in a local community. Which stage of the Design Thinking
process is being used by this entrepreneur?
Ideate
A recreational vehicle (RV) manufacturer just released a tiny home line of RVs after
testing the product for one month with outdoor enthusiasts living in the mountains.
Which stage of the Design Thinking process is being used by this manufacturer?
Implement
How does a strategic decision differ from a routine decision?
Strategic decisions influence the company's success by increasing competitive
advantage.
A landscaper has created two designs for a homeowner to review. Which step of this
homeowner's decision-making process is being targeted by this landscaper?
Weigh options
A business owner is considering acquiring another company and evaluates the cost of
importing materials, the supply and demand for products, customers' perceptions of
imported products, and the necessary technology required to remain competitive.
Which analysis is this manager conducting?
Cost-benefit
A company recognizes the value of relationship building in creating business and
market networks and wants to create an organizational structure reflective of those
values. Which culture should this company create?
,Clan (a type of corporate culture that fosters a collaborative, family-like environment by
valuing commitment, participation, and allegiance)
The following questions were asked of managers during the SWOT analysis process:
How is the market changing?
How can a niche in the market be filled?
Which category of the SWOT process was targeted by these questions?
Threats (areas with the potential to cause problems)
A skateboarding company is having trouble gaining much of the skateboard market
share. The company receives a loan to hire a famous skateboarder as a new
spokesperson to increase its visibility, but the individual has been scrutinized for some
of his past personal activities. Which factor is a threat in a SWOT analysis for this
company?
The new spokesperson's personal activities are being scrutinized.
Which type of innovation adds indirect value to customers by lowering costs and
increasing the quality of new or existing products or services?
Process
Which type of innovation results in the development of entirely new products or
processes?
Breakthrough
Which type of innovation takes place through gradual improvements to existing
processes, products, and services?
Incremental
Which type of innovation drastically changes an existing product or process into a new
model?
Transformational
___________ innovation aims at developing entirely new products and services that
differ from what currently exists on the market.
Breakthrough
, ___________ innovation encompasses making improvements to existing processes,
products, and services, often in a gradual or ongoing way.
Incremental
___________ innovation drastically changes an existing product or process into a new
model.
Transformational
___________ innovations can add indirect value to customers. They do this by
lowering costs and increasing the quality of products and services.
Process
How does design thinking differ from traditional problem-solving?
Develops iterative solutions
A company designed and evaluated a new product concept with customers and
received useful feedback to improve the product's design. Which stage of design
thinking should the company address next?
Prototype
Understanding the customer experience is which of the design thinking stages?
Empathize
Identifying customer needs and wants is which of the design thinking stages?
Define
Considering possible solutions is which of the design thinking stages?
Ideate
Generating customer insights is which of the design thinking stages?
Test
The _____________ (fifth stage of the design thinking process) occurs when designers
provide a sample of the product in prototype form for the customers to experience,
use, and provide feedback about to improve upon the design.
Test stage
Questions with 100% Correct Answers
A product manager wants to redevelop the company's product line through innovative
solutions that improve the product and add to the product's perceived value. Which
approach to innovation would meet this goal?
Process
An entrepreneur is meeting with a small business center to brainstorm ways to
support small businesses in a local community. Which stage of the Design Thinking
process is being used by this entrepreneur?
Ideate
A recreational vehicle (RV) manufacturer just released a tiny home line of RVs after
testing the product for one month with outdoor enthusiasts living in the mountains.
Which stage of the Design Thinking process is being used by this manufacturer?
Implement
How does a strategic decision differ from a routine decision?
Strategic decisions influence the company's success by increasing competitive
advantage.
A landscaper has created two designs for a homeowner to review. Which step of this
homeowner's decision-making process is being targeted by this landscaper?
Weigh options
A business owner is considering acquiring another company and evaluates the cost of
importing materials, the supply and demand for products, customers' perceptions of
imported products, and the necessary technology required to remain competitive.
Which analysis is this manager conducting?
Cost-benefit
A company recognizes the value of relationship building in creating business and
market networks and wants to create an organizational structure reflective of those
values. Which culture should this company create?
,Clan (a type of corporate culture that fosters a collaborative, family-like environment by
valuing commitment, participation, and allegiance)
The following questions were asked of managers during the SWOT analysis process:
How is the market changing?
How can a niche in the market be filled?
Which category of the SWOT process was targeted by these questions?
Threats (areas with the potential to cause problems)
A skateboarding company is having trouble gaining much of the skateboard market
share. The company receives a loan to hire a famous skateboarder as a new
spokesperson to increase its visibility, but the individual has been scrutinized for some
of his past personal activities. Which factor is a threat in a SWOT analysis for this
company?
The new spokesperson's personal activities are being scrutinized.
Which type of innovation adds indirect value to customers by lowering costs and
increasing the quality of new or existing products or services?
Process
Which type of innovation results in the development of entirely new products or
processes?
Breakthrough
Which type of innovation takes place through gradual improvements to existing
processes, products, and services?
Incremental
Which type of innovation drastically changes an existing product or process into a new
model?
Transformational
___________ innovation aims at developing entirely new products and services that
differ from what currently exists on the market.
Breakthrough
, ___________ innovation encompasses making improvements to existing processes,
products, and services, often in a gradual or ongoing way.
Incremental
___________ innovation drastically changes an existing product or process into a new
model.
Transformational
___________ innovations can add indirect value to customers. They do this by
lowering costs and increasing the quality of products and services.
Process
How does design thinking differ from traditional problem-solving?
Develops iterative solutions
A company designed and evaluated a new product concept with customers and
received useful feedback to improve the product's design. Which stage of design
thinking should the company address next?
Prototype
Understanding the customer experience is which of the design thinking stages?
Empathize
Identifying customer needs and wants is which of the design thinking stages?
Define
Considering possible solutions is which of the design thinking stages?
Ideate
Generating customer insights is which of the design thinking stages?
Test
The _____________ (fifth stage of the design thinking process) occurs when designers
provide a sample of the product in prototype form for the customers to experience,
use, and provide feedback about to improve upon the design.
Test stage
