Innovation and Business Concepts

Front

What’s “agile innovation”?

Back

A methodology for managing projects that focuses on flexibility and customer feedback.

Front

What’s an MVP?

Back

Minimum Viable Product

Front

Failing fast is important because it allows for:

Back

Quick identification of errors and iterative improvement

Front

Startups innovate better than big companies because they are: more agile and flexible, less risk-averse, more resourceful, all of the above

Back

all of the above

Front

What’s “crowdsourcing”?

Back

A method of funding projects by soliciting contributions from a large number of people, typically via the Internet.

Front

Why use A/B testing?

Back

To compare two versions of a webpage or app to determine which performs better

Front

A “prototype” is:

Back

a preliminary model

Front

Digital tools speed up innovation by:

Back

increasing collaboration and communication

Front

Involving customers in innovation is important because:

Back

it increases customer satisfaction.

Front

What stops big companies from innovating?

Back

Bureaucratic processes