Ready to prove that you're a business innovator? Take a test and see what's your innovation score. What is business innovation? A new idea, creative solution brainstormed with team A customer-centric change in product design Doing what nobody else is doing in order to ex. market new products or run the company All of the above What's the importance of innovation in business? Research shows that organisations who use innovation perform better Innovative organisations are able to better mobilize knowledge skills, and experience of people and successfully create new products, business models, strategies Business needs to follow the current trends, innovation is one of them All of the above Innovative companies require their employees to: be selfish make risky decisions seek for new opportunieties isolate their work environment to focus more on creative stuff How does establishing a clear sense of direction encurage innovation? A clear direction helps to organise people's creativity A clear direction helps to direct employee's creativity A clear direction helps to encourag everyone to focus on innovations that deliver the greatest value All of the above Which of the following is a category of business innovation: product pricing model process brand positioning all of the above Which of the following is a reson why innovation is important: it helps grow the business it strenghten their position on the market and its uniquness it prepares company for the future all of the above The model which generates profitable business concepts, that are based on company's existing assets, adapts to the speed of the world’s change, is known as: incremental methodology lean methodology creative destruction strategic innovation Innovation can be: incremental response to a problem process driven all of these are correct The following is an example of business innovation: hiring innovation manager launching new webiste organising reinvention days for the team non of the above How innovation can help a business? expand into new markets commercialize new product move away from competitors and common tactics envision new future all are correct An effective innovation strategy should... be expensive transform the whole business not just add something to the already developed business be product related involve the whole team from different areas and levels within the company What is innovation management? Handling of all the activities needed to “introduce something new” Employees coming up with new ideas, developing, prioritizing and implementing them The continuous process of coming up with and introducing new improvements and developing the business, one way or the other Launching new products by introducing new, improved internal processes All answers are correct How can you make innovation a little bit easier? set clear goals that are aligned with business strategy require employees to be creative track all the metrics possible all of the above Who is responsible for business innovation? Executives, management The whole team Dedicated role in the company ex. Innovation Manger I don't know When the company shoud innovate? When unexpected event occurs, change in the world (consumer, economics, political) When numbers are down and nothing else works When the company want's to differenciate on the marketplace All the time Strategic innovation planning is... Short term planning Long term planning Strategic innovation is... An innovation that aligns creative efforts with the whole business strategy. innovation that builds on a company’s existing competencies and business model A innovation that doesn't requires a new business model innovation esential to adapt to the speed of the world’s change all answers are correct That's all for today! How did you find this quiz? Drop us your thoughts at contact@infuture.fashion What e-mail address to send the results to? Time's up
