Self-assessment test (AHEAD Module 1; Lecture 2)

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The following questions aim to assess your knowledge after completing Lecture 2 Innovation processes and structures from Module 1 Innovation Management in Low- and Middle-Income Countries. Please mark the answers that you think are correct. There may be more than one correct answer for each question.

The project AHEAD (Ref. No 585919-EPP-1-2017-1-RO-EPPKA2-CBHE-JP) has been funded with support of the European Commission. The European Commission support for the production of this document does not constitute an endorsement of the contents which reflects the views only of the authors, and the Commission cannot be held responsible for any use which may be made of the information contained therein.

1. Which of the following is true about innovation process? *

1 point

Innovation process represents a sequence of activities that are necessary in time to realize a specific innovation concept.

Innovation process include internal marketing, i.e. obtaining and preparing of employees.

Innovation process includes such activities as basic research, applied research, development, implementation work and commercialization.

Innovation process is the process of building a business model.

Innovation process begins before the start of applied research and ends with a practical implementation of the idea.

Required

2. Linear innovation models are characterized by: *

1 point

Increase in the importance of horizontal links

Phase-nature, which means that the innovation cycle consists of many successive stages

Protection of innovation from external and internal pressures hampering its implementation

Monitoring of the environment to search for opportunities

All the answers are correct

3. The open innovation model is: *

1 point

Continuous, as it represents a process consisting of functionally separate, but coupled and interdependent phases.

Optimization based on the integration of human, financial and material resources.

Bilateral openness of the innovation process, i.e. the enterprise not only draws the necessary knowledge from outside, but also shares its knowledge with the environment.

Assessment of current status and modification of goals.

All the answers are correct

4. Which of the following is true about management of the innovation process: *

1 point

It ensures the optimal choice of innovations, allowing to increase the company's assets and achieve strategic goals.

It allows for control and monitoring of the environment with a view to identifying opportunities and overcoming barriers.

It is focused on transforming a traditional organization into an innovative one.

It implies mutual learning based on rapid flows of knowledge.

It is external outsourcing of research and development works.

Required

5. Which of the following is true about the supply model of innovation: *

1 point

It consists of four phases in the sequential system: basic research, applied research, development (production) and marketing.

It is static and does not take into account feedbacks between individual stages of the innovation process.

It assumes that the main initiator of innovation is the R&D centre.

It assumes that the market is the main initiator of innovation.

It is an innovative cycle consisting of many parallel stages.

Required

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