Understanding Business and Innovation

Understanding Business and Innovation

Assessment

Interactive Video

Business, Philosophy, Social Studies

10th - 12th Grade

Hard

Created by

Ethan Morris

FREE Resource

The video discusses Indra Nooyi's perspective on the need for future leaders to be well-versed in public policy, health, and business. It draws on the philosophical analogy of foxes and hedgehogs, emphasizing the importance of being adaptable and knowledgeable in various domains. The speaker highlights the need for businesses and nations to balance two contradictory mindsets: eliminating unproductive elements and fostering innovation. Concerns are raised about the lack of investment in innovation in the U.S., despite economic stimulus efforts. The video concludes by suggesting that nations should operate like companies, trimming excess while inventing the future.

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does Indra Nooyi suggest is essential for the future of business leaders?

Specializing in one area

Understanding public policy and health

Focusing solely on profit

Ignoring public policy

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main difference between 'foxes' and 'hedgehogs' according to the transcript?

Foxes have a broad range of knowledge

Foxes are less adaptable than hedgehogs

Hedgehogs are more versatile

Hedgehogs know a lot about many things

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is it important to create 'foxes' in today's world?

They specialize deeply in one area

They can adapt to various situations

They focus only on business knowledge

They ignore public policy

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the two contradictory mindsets businesses need to adopt?

Expand and contract

Innovate and maintain status quo

Clean the closet and reinvent the wardrobe

Focus on profit and ignore innovation

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the current focus of the United States according to the speaker?

Investing heavily in innovation

Shrinking and recutting deals

Expanding business operations

Increasing employee numbers

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does 'clean the closet' mean in business terms?

Expand business operations

Get rid of unproductive elements

Increase employee numbers

Focus on innovation

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is lacking in the U.S. approach to the stimulus package?

Investment in innovation

Investment in known successful areas

Reduction of social consequences

Focus on energy sector

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