QUESTIONS AND CORRECT ANSWERS 2026 100%
CORRECT.
⫸ 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?.
Answer: Prototype
⫸ Internet of things (IoT). Answer: Connection of everyday devices
via the internet, using sensors, gauges, and a variety of computing
technologies
⫸ What is one of the strengths of design thinking?. Answer: Ideas
are adjusted during the process.
⫸ Key Point. Answer: The design thinking process provides a
powerful, iterative, human-centered approach to problem-solving and
innovation.
⫸ Key Point. Answer: The process is particularly useful as an
approach to wicked problems of which defining the problem and the
solution is part of the challenge.
⫸ Key Point. Answer: Design thinking is a process that values
diversity of experience, multiple iterations, and an agile mindset. It
,can help teams faced with many types of challenges find a common
approach.
⫸ Key Point. Answer: There are six stages in the design thinking
process: empathize, define, ideate, prototype, test, and implement.
The stages may repeat or cycle through multiple iterations.
⫸ Key Point. Answer: The process begins with developing an
empathic understanding of the user experience. Observations are
compiled to define a problem statement. The team then brainstorms
ideas for a solution, creates draft (prototype) versions, and tests them
with users. The process may loop back to any stage, or a solution may
be implemented and cycle back to empathy.
⫸ Strategic Management. Answer: The process of ensuring
alignment between all organizational activities and business
objectives
⫸ Decision-Making Process. Answer: A seven-step process to make
strategic decisions informed by data
⫸ Data Analysis. Answer: Process of evaluating and interpreting
data using analytical and statistical tools to uncover business insights
⫸ Business Analysis. Answer: Use of data about the internal and
external business environment to identify business needs and
objectives
, ⫸ The process of strategic management entails:. Answer: Specifying
the organization's mission, vision, and objectives
Developing policies and plans that are designed to achieve these
objectives
Allocating resources to implement these policies and plans
⫸ Widgets. Answer: Mini-apps that can be added to customize a
home screen
⫸ Scenario Planning. Answer: Method of strategic planning that uses
plausible scenarios to help an organization create flexible long-term
plans in the face of uncertainty
⫸ Entrepreneur. Answer: One who undertakes innovations in an
effort to deliver market adoption with a viable business model
⫸ Entrepreneurial Mindset. Answer: An important component of
entrepreneurship, a mindset of passion, drive, ambition, creativity,
vision, and persistence
⫸ What is a characteristic of strategic management?. Answer:
Applies scenario planning to anticipate change
⫸ Business Analysis. Answer: Use of data about the internal and
external business environment to identify business needs and
objectives