TIM - Quiz 1

1. 1Creative destruction - Schumpeter

   1. Acompetition that strike for profits and the outputs of the existing firms and not at their foundations and their very lives
   2. Bcompetition that does not strike for profits and the outputs of the existing firms but at their foundations and their very lives
2. 2William Baumol

   1. AVirtually all of the economic
      growth that has occurred since
      the eighteenth century is
      ultimately attributable to
      innovation
   2. B“…under capitalism, innovative
      activity … becomes
      mandatory, a life-and-death
      matter for the firm and
      innovation has replaced price
      as the name of the game in a
      number of important
      industries.”
   3. C“… the business enterprise has two –
      and only two – basic functions:
      marketing and innovation.
      Marketing and innovation produce results;
      all the rest are costs.”
   4. D“The competition from the new
      commodity, the new technology,
      the new source of supply, the new
      type of organization…
      competition which commands a
      decisive cost or quality advantage
      and which strikes not at the
      margins of the profits and the
      outputs of the existing firms but
      at their foundations and their very
      lives.”
3. 3Peter Drucker (1973)

   1. AVirtually all of the economic
      growth that has occurred since
      the eighteenth century is
      ultimately attributable to
      innovation
   2. B“…under capitalism, innovative
      activity … becomes
      mandatory, a life-and-death
      matter for the firm and
      innovation has replaced price
      as the name of the game in a
      number of important
      industries.”
   3. C“… the business enterprise has two –
      and only two – basic functions:
      marketing and innovation.
      Marketing and innovation produce results;
      all the rest are costs.”
   4. D“The competition from the new
      commodity, the new technology,
      the new source of supply, the new
      type of organization…
      competition which commands a
      decisive cost or quality advantage
      and which strikes not at the
      margins of the profits and the
      outputs of the existing firms but
      at their foundations and their very
      lives.”
4. 4Edison

   1. A"99% perspiration"
   2. B“…under capitalism, innovative
      activity … becomes
      mandatory, a life-and-death
      matter for the firm and
      innovation has replaced price
      as the name of the game in a
      number of important
      industries.”
   3. C“… the business enterprise has two –
      and only two – basic functions:
      marketing and innovation.
      Marketing and innovation produce results;
      all the rest are costs.”
   4. D“The competition from the new
      commodity, the new technology,
      the new source of supply, the new
      type of organization…
      competition which commands a
      decisive cost or quality advantage
      and which strikes not at the
      margins of the profits and the
      outputs of the existing firms but
      at their foundations and their very
      lives.”
5. 5 “Innovations are qualitatively new products or processes that differ
   significantly [...] from what existed before.”

   1. AHauschild
   2. BPorter
   3. CAfuah
6. 6“A new way of doing things that is commercialized.”

   1. AHauschild
   2. BPorter
   3. CAfuah
7. 7 “The adoption of ideas that are new to the adopting organization”
   (Afuah)

   1. AHauschild
   2. BPorter
   3. CAfuah
8. 8What is part of innovation but not part of the invention

   1. Amarket launch
   2. Bdevelopment
   3. Cexploitation
   4. Didea
9. 9Where is the newness for the market / need high and the newness of solution low?

   1. AMarketing
   2. BR&D
10. 10Where is the newness for the market / need low and the newness of solution high?

    1. AMarketing
    2. BR&D

11. 11low newness of solution but high newness for the market

    1. AMinoxidil
       against
       baldness
    2. Bprojector
       with
       improved
       light
    3. CPC;
       penicillin
    4. DLCD
       computer
       screen;
       IBM 370
12. 12high newness of solution and high newness for the market

    1. AMinoxidil
       against
       baldness
    2. Bprojector
       with
       improved
       light
    3. CPC;
       penicillin
    4. DLCD
       computer
       screen;
       IBM 370
13. 13high newness of solution but low newness for the market

    1. AMinoxidil
       against
       baldness
    2. Bprojector
       with
       improved
       light
    3. CPC;
       penicillin
    4. DLCD
       computer
       screen;
       IBM 370
14. 14low newness of solution and low newness for the market

    1. AMinoxidil
       against
       baldness
    2. Bprojector
       with
       improved
       light
    3. CPC;
       penicillin
    4. DLCD
       computer
       screen;
       IBM 370
15. 15Types of Innovation: Product or Service innovation

    1. A– to generate / increase sales
       – must be established on the market
    2. B– to enable / improve production of goods or services
       – must be established inside the organization
    3. C– Reshuffling of value proposition, processes, products, services, …
16. 16Types of Innovation: Process innovation

    1. A– to generate / increase sales
       – must be established on the market
    2. B– to enable / improve production of goods or services
       – must be established inside the organization
    3. C– Reshuffling of value proposition, processes, products, services, …
17. 17Types of Innovation: Business model innovation

    1. A– to generate / increase sales
       – must be established on the market
    2. B– to enable / improve production of goods or services
       – must be established inside the organization
    3. C– Reshuffling of value proposition, processes, products, services, …
18. 18Types of Innovation: What are the main stakeholders of Product Innovation?

    1. ACustomers (external)
    2. BInternal departments and employees (internal)
    3. CCustomers and BM partners (external)
19. 19Types of Innovation: What are the main stakeholders of Process Innovation?

    1. ACustomers (external)
    2. BInternal departments and employees (internal)
    3. CCustomers and BM partners (external)
20. 20Types of Innovation: What are the main stakeholders of Business Model Innovation?

    1. ACustomers (external)
    2. BInternal departments and employees (internal)
    3. CCustomers and BM partners (external)
21. 21Types of Innovation: What are the units of analysis of Business model innovation?

    1. AActivity system (as
       structured between
       the firm, customers,
       and partners)
    2. BProcess routine(s)
    3. CProduct and its characteristics
22. 22What is the biggest part of R&D expenditures?

    1. ABasic research
    2. BApplied research
    3. Cexperimental development
23. 23Product Innovation

    1. AA new product (also
       includes services)
       introduced
       commercially to meet
       an external user need
    2. BNew elements
       introduced into a
       firm‘s manufacturing
       or service operation
       to produce a product
       / render a service
    3. CAn activity system
       that is new to the
       industry in which the
       focal firm competes
24. 24Process Innovation

    1. AA new product (also
       includes services)
       introduced
       commercially to meet
       an external user need
    2. BNew elements
       introduced into a
       firm‘s manufacturing
       or service operation
       to produce a product
       / render a service
    3. CAn activity system
       that is new to the
       industry in which the
       focal firm competes
25. 25Business Model Innovation

    1. AA new product (also
       includes services)
       introduced
       commercially to meet
       an external user need
    2. BNew elements
       introduced into a
       firm‘s manufacturing
       or service operation
       to produce a product
       / render a service
    3. CAn activity system
       that is new to the
       industry in which the
       focal firm competes

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Test sobre TIM - Quiz 1, creado por Luis Vering el 03/07/2021.

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Luis Vering

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