Innovation Types Quiz

What is the main focus of incremental innovation?

• Creating entirely new markets

• Making continuous improvements to existing products

• Restructuring existing technology

• Targeting niche markets

Which of the following is a key characteristic of architectural innovation?

• High risk, high reward

• Changes the way existing components interact

• Starts by targeting niche markets

• Often lower in cost but improves over time

Which company is a strong example of using continuous incremental innovation?

• Amazon

• Sony

• Apple

• Netflix

What does radical innovation often require?

• Low risk and cost-effective strategies

• Significant research and development

• Maintaining core technology

• Targeting underserved markets

Which type of innovation is associated with creating entirely new markets?

• Incremental Innovation

• Architectural Innovation

• Radical Innovation

• Disruptive Innovation

What is a business example of architectural innovation?

• Amazon's online shopping

• Sony's adaptation of CD players into Walkman technology

• Netflix disrupting the movie rental industry

• Apple's updates to the iPhone

Which innovation type is known for starting in niche or underserved markets?

• Incremental Innovation

• Architectural Innovation

• Radical Innovation

• Disruptive Innovation

What is a key characteristic of disruptive innovation?

• High risk, high reward

• Often overlooked but provides competitive advantages

• Gains momentum and challenges industry leaders

• Focuses on enhancing existing products

Which is an example of radical innovation?

• Microsoft

• Tesla

• the development of the internet

• Airbnb

What is the definition of architectural innovation?

• Introducing entirely new technologies

• Making continuous improvements to existing products

• Restructuring existing technology to create value

• Serving an overlooked market segment