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TIM - Quiz 1
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Questions in this quiz (25)
1Creative destruction - Schumpeter
- Acompetition that strike for profits and the outputs of the existing firms and not at their foundations and their very lives
- Bcompetition that does not strike for profits and the outputs of the existing firms but at their foundations and their very lives
2William Baumol
- AVirtually all of the economic
growth that has occurred since
the eighteenth century is
ultimately attributable to
innovation - 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.” - C“… the business enterprise has two –
and only two – basic functions:
marketing and innovation.
Marketing and innovation produce results;
all the rest are costs.” - 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.”
- AVirtually all of the economic
3Peter Drucker (1973)
- AVirtually all of the economic
growth that has occurred since
the eighteenth century is
ultimately attributable to
innovation - 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.” - C“… the business enterprise has two –
and only two – basic functions:
marketing and innovation.
Marketing and innovation produce results;
all the rest are costs.” - 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.”
- AVirtually all of the economic
4Edison
- A"99% perspiration"
- 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.” - C“… the business enterprise has two –
and only two – basic functions:
marketing and innovation.
Marketing and innovation produce results;
all the rest are costs.” - 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 “Innovations are qualitatively new products or processes that differ
significantly [...] from what existed before.”- AHauschild
- BPorter
- CAfuah
6“A new way of doing things that is commercialized.”
- AHauschild
- BPorter
- CAfuah
7 “The adoption of ideas that are new to the adopting organization”
(Afuah)- AHauschild
- BPorter
- CAfuah
8What is part of innovation but not part of the invention
- Amarket launch
- Bdevelopment
- Cexploitation
- Didea
9Where is the newness for the market / need high and the newness of solution low?
- AMarketing
- BR&D
10Where is the newness for the market / need low and the newness of solution high?
- AMarketing
- BR&D
11low newness of solution but high newness for the market
- AMinoxidil
against
baldness - Bprojector
with
improved
light - CPC;
penicillin - DLCD
computer
screen;
IBM 370
- AMinoxidil
12high newness of solution and high newness for the market
- AMinoxidil
against
baldness - Bprojector
with
improved
light - CPC;
penicillin - DLCD
computer
screen;
IBM 370
- AMinoxidil
13high newness of solution but low newness for the market
- AMinoxidil
against
baldness - Bprojector
with
improved
light - CPC;
penicillin - DLCD
computer
screen;
IBM 370
- AMinoxidil
14low newness of solution and low newness for the market
- AMinoxidil
against
baldness - Bprojector
with
improved
light - CPC;
penicillin - DLCD
computer
screen;
IBM 370
- AMinoxidil
15Types of Innovation: Product or Service innovation
- A– to generate / increase sales
– must be established on the market - B– to enable / improve production of goods or services
– must be established inside the organization - C– Reshuffling of value proposition, processes, products, services, …
- A– to generate / increase sales
16Types of Innovation: Process innovation
- A– to generate / increase sales
– must be established on the market - B– to enable / improve production of goods or services
– must be established inside the organization - C– Reshuffling of value proposition, processes, products, services, …
- A– to generate / increase sales
17Types of Innovation: Business model innovation
- A– to generate / increase sales
– must be established on the market - B– to enable / improve production of goods or services
– must be established inside the organization - C– Reshuffling of value proposition, processes, products, services, …
- A– to generate / increase sales
18Types of Innovation: What are the main stakeholders of Product Innovation?
- ACustomers (external)
- BInternal departments and employees (internal)
- CCustomers and BM partners (external)
19Types of Innovation: What are the main stakeholders of Process Innovation?
- ACustomers (external)
- BInternal departments and employees (internal)
- CCustomers and BM partners (external)
20Types of Innovation: What are the main stakeholders of Business Model Innovation?
- ACustomers (external)
- BInternal departments and employees (internal)
- CCustomers and BM partners (external)
21Types of Innovation: What are the units of analysis of Business model innovation?
- AActivity system (as
structured between
the firm, customers,
and partners) - BProcess routine(s)
- CProduct and its characteristics
- AActivity system (as
22What is the biggest part of R&D expenditures?
- ABasic research
- BApplied research
- Cexperimental development
23Product Innovation
- AA new product (also
includes services)
introduced
commercially to meet
an external user need - BNew elements
introduced into a
firm‘s manufacturing
or service operation
to produce a product
/ render a service - CAn activity system
that is new to the
industry in which the
focal firm competes
- AA new product (also
24Process Innovation
- AA new product (also
includes services)
introduced
commercially to meet
an external user need - BNew elements
introduced into a
firm‘s manufacturing
or service operation
to produce a product
/ render a service - CAn activity system
that is new to the
industry in which the
focal firm competes
- AA new product (also
25Business Model Innovation
- AA new product (also
includes services)
introduced
commercially to meet
an external user need - BNew elements
introduced into a
firm‘s manufacturing
or service operation
to produce a product
/ render a service - CAn activity system
that is new to the
industry in which the
focal firm competes
- AA new product (also
Information
- Description
- Quiz on TIM - Quiz 1, created by Luis Vering on 03/07/2021.
- Author
- Luis Vering
- Language
- Deutsch
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