Disruptive Open Frugal Innovation

What is the primary characteristic of disruptive innovation?

• High cost and complexity

• Simplicity and affordability that initially target niche markets

• Advanced technology with complex features

• High-end luxury features

Which of the following strategies is NOT typically used to manage disruptive innovation?

• Investing in research and development (R&D)

• Ignoring emerging technologies

• Creating strategic partnerships and acquisitions

• Adapting business models to incorporate new technologies

What is a key principle for organizations when responding to disruptive innovations?

• Maintaining the status quo without change

• Implementing change management strategies to help employees adapt

• Avoiding collaboration with innovative start-ups

• Increasing product complexity

Which example represents a disruptive innovation in the technology sector?

• High-end personal computers

• Cloud computing

• Expensive software suites

• Traditional office equipment

What does a customer-centric approach in managing disruptive innovation involve?

• Ignoring customer feedback and needs

• Engaging with customers to understand their changing preferences

• Focusing solely on internal operations

• Relying on traditional marketing strategies

Which of the following is a benefit of creating strategic partnerships to manage disruptive innovation?

• Reducing the need for in-house R&D

• Collaborating with companies driving disruptive changes

• Avoiding new technology adoption

• Maintaining traditional business models

What is a key challenge associated with managing disruptive innovation?

• Ensuring high costs for customers

• Adapting existing business models to new technologies

• Increasing product complexity

• Reducing the involvement of customers in product development

Which example represents a disruptive innovation in the retail sector?

• Traditional department stores

• E-commerce platforms like Amazon

• High-end luxury boutiques

• Conventional shopping malls

What does investing in R&D help organizations achieve in the context of disruptive innovation?

• Develop new technologies and maintain competitiveness

• Increase reliance on outdated technologies

• Avoid collaboration with external innovators

• Maintain traditional product features without updates

How can organizations use scenario planning to manage disruptive innovation?

• To ignore potential disruptive scenarios

• To anticipate potential disruptive scenarios and prepare contingency plans

• To avoid preparing for future changes

• To focus solely on current business operations