1) Many organizations choose to patent their invention because they want to disclose all the information regarding the invention to others.

True

False

2) Individuals drive innovation

• Innovation begins with brainstorming
• Innovation requires creative people
• An innovation process will give the results you need

The summarizes above can be best describe as reality of innovation.

True

False

3) A ....................................... results in an entirely different type of company that aligns its profit formula, resources, and process to enhance the value proposition of the business.

Select one:

A.

Business Model (Business Plan)

B.

Business Innovation

C.

Business Model Canvas

D.

Business Model Innovation

4) .................................. refers to new strategies, concepts, ideas, and organizations that meet both social needs and create new social relationships. These needs cover a number of variants, including working conditions; education, community development, and health which strengthen civil society and enhance the society's capacity to perform.

Select one:

A.

Service Innovation

B.

Social Innovation

C.

Marketing Innovation

D.

Component Innovation

5) The various types of innovation could help differentiate the level of novelty as well as help describe the various response of new technologies.

Select one:

True

False

6) Discontinuous innovations are always associated with radical technological breakthroughs.

Select one:

True

False

7) If you set up a dedicated team, it is important to consider what role you want them to play.

Select one:

True

False

8) Normally, periods of change will not followed by periods of stability because organization can undergo change on continuous basis.

Select one:

True

False

9) Innovators are no different than those who pursue excellence in any profession. They are willing to spend time and effort in pursuit of something that they think will in some way have an impact on society.

Select one:

True

False

10) .................................... often face the daunting challenge of growing their core business while pursuing new business opportunities and developing new markets.

Select one:

A.

Bottom-up Management

B.

Incubation Strategy

C.

Mature Organizations

D.

Monopoly Power

11) Leadership in innovation is about thinking and has its pitfalls - it changes ground rules, it creates controversy, it can be alienate, it destroys friendships, but it is absolutely necessary to maintain performance.

Select one:

True

False

12) " We strive to become a successful Malaysian Automotive Manufacturer globally by being customers oriented and producing competitively priced and innovative quality products" - (PROTON)

Statement above can be best describe as:

Select one:

A.

Vision

B.

Goals

C.

Objective

D.

Mission

Clear my choice

13) Objectives could be characterized as specific outcomes that an organization seeks to accomplish after its fundamental mission. What is the characteristics of objective?

Select one:

A.

Time Frame - Realistic - Achievable - Measurable - Specific

B.

Realistic - Achievable - Specific - Time Frame - Measurable

C.

Specific - Measurable - Achievable -Realistic - Time Frame

D.

Specific - Achievable - Measurable - Realistic - Time Frame

14) Under the terms of a license, the patent holder typically holds intellectual property rights over the technology, yet permits the licensee to utilize the technology within the products or services it creates, in exchange for royalty fees.

Select one:

True

False

15) Strategic vision become real only when the vision statement is imprinted in the minds of organization members and then translated into hard objectives and strategies.

Select one:

True

False