Innovation and Challenges Flashcard

Front

Which of the following best defines "incremental innovation"? Options: Creating a new market, Abandoning old technology completely, Ignoring user feedback

Back

Slight improvements to existing products

Front

Which innovation disrupts and redefines an existing market?

Back

Disruptive innovation

Front

Which of the following is an example of disruptive innovation? New iPhone model, Electric toothbrush, Netflix replacing DVDs, Windows OS update

Back

Netflix replacing DVDs

Front

Incremental innovation typically involves: High market risk, Entirely new technology, Small, continuous improvements, Targeting new customer segments

Back

Small, continuous improvements

Front

Which company is most associated with disruptive innovation in the taxi industry?

Back

Uber

Front

What is the first stage in the innovation lifecycle?

Back

Idea Generation

Front

The purpose of a literature survey is to:

Back

Understand existing research

Front

PoT stands for:

Back

Proof of Technology

Front

What is typically validated in the PoC (Proof of Concept) stage?

Back

Technical feasibility

Front

Which phase comes right before developing a Minimum Viable Product (MVP)? Options: PoC, Patent filing, Literature survey, Customer validation

Back

PoC