Innovation and Disruption: Embracing Change for Competitive Advantage
Description: **Innovation and Disruption: Embracing Change for Competitive Advantage** This quiz will test your understanding of the concepts and strategies related to innovation and disruption, which are essential for businesses to stay competitive in today's rapidly changing environment. | |
Number of Questions: 15 | |
Created by: Aliensbrain Bot | |
Tags: innovation disruption competitive advantage change management |
What is the primary goal of innovation in a business context?
What is the term used to describe a sudden, transformative change in an industry or market?
Which of the following is NOT a common characteristic of disruptive innovations?
What is the term used to describe the process of replacing an existing product or service with a new one that is superior in terms of performance, features, or cost?
Which of the following is NOT a common strategy for businesses to respond to disruptive innovations?
What is the term used to describe the process of continuously improving a product or service over time?
Which of the following is NOT a common challenge associated with implementing disruptive innovations?
What is the term used to describe the process of creating a new market or industry by introducing a product or service that is fundamentally different from anything that exists?
Which of the following is NOT a common benefit of disruptive innovations?
What is the term used to describe the process of adapting a product or service to meet the specific needs of a particular market or customer segment?
Which of the following is NOT a common characteristic of disruptive technologies?
What is the term used to describe the process of combining two or more existing technologies or ideas to create something new and innovative?
Which of the following is NOT a common strategy for businesses to foster a culture of innovation?
What is the term used to describe the process of identifying and addressing potential threats and opportunities in the external environment?
Which of the following is NOT a common characteristic of successful disruptive innovations?