INNOVATION QUESTIONS AND VERIFIED
ANSWERS 2025
Abilene Paradox
- answer-When a group reaches a decision that few, if any, of the members would
have chosen themselves.
Accounts payable
- answer-Payments due to suppliers for products and services.
Accounts receivable
- answer-Money due from clients for products delivered or services performed.
Angel capital
- answer-Investments in new ventures made by wealthy individuals - "angels".
anonymous idea generation
- answer-A technique that keeps anonymous the identity of members of a group
who originate individual ideas.
Anticipatory change
- answer-A type of change that can be recognized in advance.
Behavioral Approach to Management
- answer-1) focuses on the work environment
2) best exemplified by the Hawthorne experiments
3) focuses on human behaviors
4) focused on raising productivity and output of product
5) based on the scientific method
6) principles still used and observable in business today
7) initiated in early 20th century
braindrawing
- answer-A variation of brainstorming that employs drawing or doodling to
generate ideas.
, brainstorming
- answer-A creativity technique that looks to generate ideas or solve a problem by
holding a spontaneous group discussion.
Bridges' Transitional Model
- answer-A change process model with three stages: Ending, Losing, and Letting
Go; The Neutral Zone; and New Beginning.
Change agent
- answer-One who initiates a change effort.
Change Curve Model
- answer-A change process model that explores how individuals manage personal
change.
Change management
- answer-The process of managing change in an organization.
Christensen's Disruptive Innovation Model
- answer-A model that looks at the impact on organizations and industries of
disruptive technological innovation.
closed innovation
- answer-When an organization does all of their own research internally and keeps
its innovative ideas as proprietary intellectual property.
Commercialization strategy
- answer-The strategic choices an entrepreneur makes to finance later-stage
development of a venture.
Contingency planning
- answer-Planning for the response to situations that may occur such as
emergencies or setbacks.
Corporation
- answer-A legal structure for business that exists apart from the individuals who
own it - e.g. shareholders - and operate it - e.g. directors and officers.