Innovation and Challenges Quiz

Which of the following best defines "incremental innovation"?

• Creating a new market

• Slight improvements to existing products

• Abandoning old technology completely

• Ignoring user feedback

Which innovation disrupts and redefines an existing market?

• Radical innovation

• Incremental innovation

• Sustaining innovation

• Disruptive innovation

Which of the following is an example of disruptive innovation?

• New iPhone model

• Electric toothbrush

• Netflix replacing DVDs

• Windows OS update

Incremental innovation typically involves:

• High market risk

• Entirely new technology

• Small, continuous improvements

• Targeting new customer segments

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

• Ford

• Amazon

• Uber

• Apple

What is the first stage in the innovation lifecycle?

• Proof of Concept

• Idea Generation

• Literature Survey

• Product Development

The purpose of a literature survey is to:

• Build a product

• Create a prototype

• Understand existing research

• Launch a company

PoT stands for:

• Process of Thinking

• Prototype of Technology

• Proof of Technology

• Point of Testing

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

• Market entry strategy

• Business plan

• Technical feasibility

• IPO readiness

Which phase comes right before developing a Minimum Viable Product (MVP)?

• PoC

• Patent filing

• Literature survey

• Customer validation