Question 1

Footlore Inc. introduced a sophisticated new range of shoes that prevents any type of injury to the wearer's feet. This is an example of a

Accepted Answer

A)   process innovation.
B)   product innovation.
C)   business model innovation.
D)   social business innovation.
E)   paradigm innovation.F) A) and C)
G) C) and D)

Question 2

The initial step of assessing in the innovation process involves commercializing innovation by turning it into actual products, services, or processes that increase profits by improving sales or lowering costs.

Accepted Answer

A) True 
 B)False

Question 3

The Oomph Factor, an online retail firm, owns a patented technology that ensures that its goods and services reach customers on time. The firm also has the ability to develop timely new products. The firm has gained competitive advantage through ___.

Accepted Answer

A)   quality
B)   costs
C)   flexibility
D)   delivery
E)   adaptabilityF) A) and E)
G) A) and B)

Question 4

Which of the following illustrates a firm that has achieved competitive advantage through delivery?

Accepted Answer

A)   a firm that uses technology to produce durable products
B)   a firm that develops timely new products
C)   a firm that has the flexibility to operate successfully in any business environment
D)   a firm that makes small financial investments at the time of production
E)   a firm that can adapt and change according to the needs of different customersF) A) and B)
G) A) and C)

Question 5

Socio-cultural conditions in the general environment include ___.

Accepted Answer

A)   philosophy and objectives of the political party or parties running the government, as well as laws and governmental regulations
B)   inflation, income levels, gross domestic product, unemployment, and job outlook
C)   norms, customs, and social values regarding human rights; trends in education and related social institutions; and demographic patterns in society
D)   development and availability of technology, including scientific advancements
E)   nature and conditions of the natural environment, including levels of public concern expressed through environmentalismF) None of the above
G) B) and E)

Question 6

Sustainable development places greater importance on the needs of the present generation than on the needs of future generations.

Accepted Answer

A) True 
 B)False

Question 7

A sustainable business

Accepted Answer

A)   is involved in risk taking from position of performance difficulty.
B)   has lack of information regarding what exists in the business environment and what developments may occur.
C)   creates products or services that become so widely used that they largely replace prior practices and competitors.
D)   meets the needs of customers as well as protects the natural environment for future generations.
E)   is an organization motivated by desperation to escape existing difficulties.F) All of the above
G) A) and E)

Question 8

Inflation, income levels, and job outlook are part of the socio-cultural conditions in the general environment.

Accepted Answer

A) True 
 B)False

Question 9

Offshoring is the return of jobs from foreign locations as companies establish new domestic operations.

Accepted Answer

A) True 
 B)False

Question 10

The specific environment can be described in terms of which of the following?

Accepted Answer

A)   stakeholders
B)   persons, groups, or institutions that are affected by the organization's performance
C)   the task environment
D)   all of the above
E)   none of the aboveF) All of the above
G) B) and E)

Question 11

Comtrot, a mobile application developer, outsourced the development of an application to a cheaper location in another country. The application would notify users about their blood pressures twice a week. The final product was marketed in the country of Comtrot's origin. Which of the following does this situation demonstrate?

Accepted Answer

A)   disruptive innovation
B)   sustainability
C)   reverse innovation
D)   social business innovation
E)   process innovationF) B) and C)
G) C) and E)

Question 12

Apple's iTunes is an example of what type of innovation?

Accepted Answer

A)   continuous
B)   service
C)   breakthrough
D)   product
E)   accidentalF) A) and C)
G) All of the above

Question 13

Which of the following is the final step in the "wheel of innovation?"

Accepted Answer

A)   imagining
B)   experimenting
C)   assessing
D)   designing
E)   scalingF) B) and C)
G) B) and D)

Question 14

Fredrick comes up with an innovative range of watches. He has built a prototype and has given it to his friends for checking its feasibility and examining its practical use. According to the Hamel's "wheel of innovation," which of the following steps has Fredrick undertaken?

Accepted Answer

A)   assessment
B)   scaling
C)   imagining
D)   experimenting
E)   designingF) B) and D)
G) A) and B)

Question 15

Finheat, a financial services organization, advertises its financial products and instruments on social networking sites and other websites. This implies that the firm is utilizing the ___ conditions in the general environment.

Accepted Answer

A)   natural
B)   legal
C)   technological
D)   socio-cultural
E)   politicalF) A) and D)
G) C) and D)

Question 16

The process of using environmental resources to support societal needs today while also preserving and protecting them for future generations is referred to as ___.

Accepted Answer

A)   triple bottom line experiment
B)   global warming
C)   sustainable development
D)   scaling
E)   greenhouse effectF) B) and D)
G) C) and D)

Question 17

Rising labour costs, higher shipping costs, and public criticisms about destroying local jobs can cause global firms to return to their home countries.

Accepted Answer

A) True 
 B)False

Question 18

The baby boomers are "digital natives" who grew up in technology-enriched homes, schools, and friendship environments.

Accepted Answer

A) True 
 B)False

Question 19

Which of the following statements accurately describe the concept of environmental uncertainty?

Accepted Answer

A)   Environmental uncertainty consists of two components - complexity of the environment and rate of change in the environment.
B)   High environmental uncertainty occurs when the rate of change in the environment is high and the complexity of the environment is low.
C)   Low environmental uncertainty occurs when the rate of change in the environment is low and the complexity of the environment is high.
D)   All of the above statements accurately describe environmental uncertainty.
E)   None of the above statements accurately describe environmental uncertainty.F) C) and D)
G) None of the above

Question 20

Within the context of Gary Hamel's "wheel of innovation," scaling concerns testing ideas in concept; discussing them with peers, customers, clients, or technical experts; and building initial models, prototypes, or samples.

Accepted Answer

A) True 
 B)False

Exam 4: Environment, Innovation, and Sustainability

Apple's iTunes is an example of what type of innovation?

Correct Answer
verified

Which of the following is the final step in the "wheel of innovation?"

Correct Answer
verified

A sustainable business

Correct Answer
verified

Finheat, a financial services organization, advertises its financial products and instruments on social networking sites and other websites. This implies that the firm is utilizing the ___ conditions in the general environment.

Correct Answer
verified

Footlore Inc. introduced a sophisticated new range of shoes that prevents any type of injury to the wearer's feet. This is an example of a

Correct Answer
verified

Which of the following statements accurately describe the concept of environmental uncertainty?

Correct Answer
verified

The Oomph Factor, an online retail firm, owns a patented technology that ensures that its goods and services reach customers on time. The firm also has the ability to develop timely new products. The firm has gained competitive advantage through ___.

Correct Answer
verified

Socio-cultural conditions in the general environment include ___.

Correct Answer
verified

Sustainable development places greater importance on the needs of the present generation than on the needs of future generations.

Correct Answer
verified

Fredrick comes up with an innovative range of watches. He has built a prototype and has given it to his friends for checking its feasibility and examining its practical use. According to the Hamel's "wheel of innovation," which of the following steps has Fredrick undertaken?

Correct Answer
verified

Which of the following illustrates a firm that has achieved competitive advantage through delivery?

Correct Answer
verified

Within the context of Gary Hamel's "wheel of innovation," scaling concerns testing ideas in concept; discussing them with peers, customers, clients, or technical experts; and building initial models, prototypes, or samples.

Correct Answer
verified

The initial step of assessing in the innovation process involves commercializing innovation by turning it into actual products, services, or processes that increase profits by improving sales or lowering costs.

Correct Answer
verified

Rising labour costs, higher shipping costs, and public criticisms about destroying local jobs can cause global firms to return to their home countries.

Correct Answer
verified

Inflation, income levels, and job outlook are part of the socio-cultural conditions in the general environment.

Correct Answer
verified

The baby boomers are "digital natives" who grew up in technology-enriched homes, schools, and friendship environments.

Correct Answer
verified

The process of using environmental resources to support societal needs today while also preserving and protecting them for future generations is referred to as ___.

Correct Answer
verified

Offshoring is the return of jobs from foreign locations as companies establish new domestic operations.

Correct Answer
verified

Correct Answer
verified

The specific environment can be described in terms of which of the following?

Correct Answer
verified

Exam 4: Environment, Innovation, and Sustainability

Apple's iTunes is an example of what type of innovation?

Correct AnswerverifiedShow Answer

Which of the following is the final step in the "wheel of innovation?"

Correct AnswerverifiedShow Answer

A sustainable business

Correct AnswerverifiedShow Answer

Finheat, a financial services organization, advertises its financial products and instruments on social networking sites and other websites. This implies that the firm is utilizing the ___ conditions in the general environment.

Correct AnswerverifiedShow Answer

Footlore Inc. introduced a sophisticated new range of shoes that prevents any type of injury to the wearer's feet. This is an example of a

Correct AnswerverifiedShow Answer

Which of the following statements accurately describe the concept of environmental uncertainty?

Correct AnswerverifiedShow Answer

The Oomph Factor, an online retail firm, owns a patented technology that ensures that its goods and services reach customers on time. The firm also has the ability to develop timely new products. The firm has gained competitive advantage through ___.

Correct AnswerverifiedShow Answer

Socio-cultural conditions in the general environment include ___.

Correct AnswerverifiedShow Answer

Sustainable development places greater importance on the needs of the present generation than on the needs of future generations.

Correct AnswerverifiedShow Answer

Fredrick comes up with an innovative range of watches. He has built a prototype and has given it to his friends for checking its feasibility and examining its practical use. According to the Hamel's "wheel of innovation," which of the following steps has Fredrick undertaken?

Correct AnswerverifiedShow Answer

Which of the following illustrates a firm that has achieved competitive advantage through delivery?

Correct AnswerverifiedShow Answer

Within the context of Gary Hamel's "wheel of innovation," scaling concerns testing ideas in concept; discussing them with peers, customers, clients, or technical experts; and building initial models, prototypes, or samples.

Correct AnswerverifiedShow Answer

The initial step of assessing in the innovation process involves commercializing innovation by turning it into actual products, services, or processes that increase profits by improving sales or lowering costs.

Correct AnswerverifiedShow Answer

Rising labour costs, higher shipping costs, and public criticisms about destroying local jobs can cause global firms to return to their home countries.

Correct AnswerverifiedShow Answer

Inflation, income levels, and job outlook are part of the socio-cultural conditions in the general environment.

Correct AnswerverifiedShow Answer

The baby boomers are "digital natives" who grew up in technology-enriched homes, schools, and friendship environments.

Correct AnswerverifiedShow Answer

The process of using environmental resources to support societal needs today while also preserving and protecting them for future generations is referred to as ___.

Correct AnswerverifiedShow Answer

Offshoring is the return of jobs from foreign locations as companies establish new domestic operations.

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

The specific environment can be described in terms of which of the following?

Correct AnswerverifiedShow Answer

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