Assessment (T6) Effective collaboration, innovation, entrepreneurship, participatory engagement and cocreation in a digital environment

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Email *

First & Last Name

The digital transformation means: *

3 points

A technological advancement in the industrial sectors

A profound socio-economic development grounded on advanced information and communication technologies

A profound socio-economic development grounded on technological advancement

Innovation is a creative process that aims to: *

3 points

Generate value through creation, development and implementation of new ideas, services, products and business models.

Find new suppliers & partners

Help entrepreneurs generate profit by changing their product list.

What are the 3 main types of innovation? *

3 points

Efficiency Innovation; Disruptive Innovation; Sustainable innovation.

Efficiency Innovation; Marketing innovation; Supplier Innovation.

Risk plan innovation; Supplier Innovation; Marketing innovation.

The five phases of Design Thinking are? *

3 points

Empathize; Ideate; Prototype; Consolidate; Go-to-market.

Test; Prototype; Consolidate; Go-to-market; Consolidate.

Empathize; Ideate; Define; Go-to-market; Consolidate.

The Ansoff Matrix, used to analyze the strategy and risks of your business, refers to which 2 dimensions: *

3 points

Products & Services; Type of market.

Products & Services; Distribution.

Potential; Type of market.

Which of the following answers is not referring to a quadrant of the Ansoff Matrix? *

3 points

Product Positioning; Market Capitalisation; Diversification;

Market Penetration; Product Development; Market Development;

Competitiveness; Product Development; Market Development;

When thinking of a innovative solution to a problem or trying to identify how to improve a product or service, one should: *

3 points

Ask questions to identify similar ideas; Measure effects and learn from past experience; Change the perspective view on the problem; Think of different posibilities.

Only act on what you know; Do what others tell you; Rely only on the first impression you receive;

Ask questions to identify similar ideas; Only act on what you know; Measure effects and learn from past experience.

The digital transformation requires: *

3 points

Digitization; Digitalization; Digital culture; Digital competences

Technological bias; Soft skills; Programming competences

Communication skills; roblem-solving capability

Ethical concerns related to the employment of advanced digital technologies are: *

3 points

Privacy breaches; Protection of personal data; Digital divide; Environmental effects of ICT.

Human-centric technologies; GDPR; Data privacy.

Protection of personal data; Privacy breaches.

Industry 4.0 core technologies include: *

3 points

Artificial intelligence; Advanced robotics; Internet of Things; 3D printing; Big Data analytics; Cloud computing.

Social Networks; Quantum Computing; Internet in general.

Metaverse; Social Media; Cyber security technologies.

Digital technologies enable: *

3 points

Radical innovation; Incremental innovation; Business model innovation

Product/service innovation; Process innovation

All of the above

Online participatory engagement allows companies to: *

3 points

Encourage communication with stakeholders; Build trust; Create communities of interest

Assess customer satisfaction; Involve users in problem-solving exercises

All of the above

Which of the following statements concerning companies are TRUE *

3 points

A company is part of a business ecosystem and develops dependency relations with other parties

A company’ s welfare depends on how it manages relations with stakeholders

All of the above

Which of the following statements concerning innovation are TRUE: *

3 points

Innovation can concern products/services, business models and business processes

Radical innovation is always disruptive

Innovation refers to the launching of new to the market products and services

Which of the following statements concerning the development of new products are TRUE: *

3 points

By developing a minimum viable product (MVP) an enterprise can assess customer interest and validate its business model

New products and services should offer a unique value proposition

All of the above

MVP validation methods and tools include: *

3 points

Customer surveys; Landing page; Split testing; Prototypes; Crowdfunding.

Market research; Competitive analysis; Crowdfunding.

Split testing; Customer surveys; Prototypes.

Which of the following statements concerning crowdfunding are TRUE: *

3 points

Crowdfunding campaigns can employ a variety of digital tools;

Crowdfunding platforms are well suited for start-ups and small business funding

All of the above

Which of the following affirmations are TRUE: *

3 points

In capitalism companies are viewed as constellations of co-operative interests and competitive interests that have intrinsic value.

Businesses owners need to create value for the entire web of stakeholders.

All of the above

Who can be considered a stakeholder? *

3 points

A supplier; a creditor; a customer; an employee; an owner.

A state employee

A researcher

Creating value in business refers to: *

3 points

Creating intellectual property; improving the relationships between employees; strengthening the relationships between partners; satisfying customers;

Building a supportive community; making profits; saving time; producing a public benefit.

All of the above

What is NOT crowdsourcing? *

3 points

Crowdsourcing is a type of participative online activity;

Crowdsourcing is a term used to describe the act of outsourcing tasks, which are traditionally being performed by an employer or contractor;

Crowdsourcing is a type of activity which involves forcing others to perform an interative activity for a company.

Why do companies use crowdsourcing? *

3 points

Increase competitiveness; Increase performance.

Innovation; Authenticity.

All of the above

Which of the following statements is NOT TRUE? *

3 points

Co-creation refers to a novel means of creating value in the marketplace by involving consumers in the production process.

Co-creation can be sponsored (by the company) or autonomous (individuals or communities work independently).

Co-creation and crowdsourcing are synonims.

Smart technologies facilitate: *

3 points

Knowledge creation & sharing

Human capital creation

Sustainable growth

Efficiency innovation is about: *

3 points

exploring opportunities that improve operational aspects of a company’s existing business model

mainly small, incremental improvements to existing products or services

expensive or highly sophisticated products or services

Which of the below models are digital business models types   *

3 points

Open source; Hidden revenue generation model; Freemium model

On-demand model; Peer-to-peer, two-sided marketplace; Subscription-based model

All of the above

Which of the following stakeholders are involved in innovation process: *

3 points

Potential customers, suppliers, project team, business partners, specialists, authorities

Innovators;

Creative employees

Business Model Canvas has *

3 points

9 elements

5 elements

7 elements

Which of the following are soft skills: *

3 points

Communication and leadership skills;

Technical and financial skills

Digital skills

Angel investors are typically individuals who: *

3 points

invest in start-up or early-stage companies in exchange for an equity ownership interest.

invest in mature businesses

invest in tech business

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