Which of the following is an example of closed innovation?

Innovation Quiz

Quiz
•
Business
•
9th - 12th Grade
•
Medium

Sallie Phipps
Used 2+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A company collaborating with universities to develop new technologies.
A company relying solely on its internal R&D department for innovation.
A company sharing its research findings with competitors.
A company crowdsourcing ideas from the public.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is an example of open innovation?
Developing new products only through internal resources.
Collaborating with suppliers and partners to improve production processes.
Keeping all research and development strictly confidential.
Focusing solely on incremental innovations within the company.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Process innovation refers to:
Creating new products to cater to customer needs.
Improving the way products are manufactured or delivered.
Enhancing customer experiences through better service delivery.
Collaborating with external partners to generate new ideas.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Netflix shifting from the traditional 'pay per movie' rental model to subscriptions is an example of:
Product innovation.
Business innovation.
Process innovation.
d) Service innovation.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Innovation differs from invention in that innovation:
a) Creates new products, while invention enhances existing ones.
b) Involves commercialization and bringing ideas to market.
c) Is purely a technical process, while invention involves creativity.
d) Is exclusively about generating novel ideas.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Incremental innovation is characterized by:
a) Radical changes to the existing products or services.
b) Small, gradual improvements to existing products or processes.
c) Complete replacement of traditional methods.
d) Focusing solely on creating disruptive technologies.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Disruptive innovation typically:
Enhances existing products incrementally.
Radically changes the market landscape and existing business models.
Is solely focused on small, continuous improvements.
Is not applicable to well-established industries.
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