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Open Innovation is a concept that deals with the strategic philosophy around where and how a business goes about developing and commercializing new innovations.
Select one correct answer from the list:
A. Where and how a business goes about finding new customers
B. Where and how a business goes about developing and commercializing new innovations
C. Where and how a business goes about branding and marketing new innovations
D. When a business should develop and commercialize new innovations
Answer: B
Explanation:
Open Innovation, as defined by GInI and originally by Henry Chesbrough, is a strategic approach to sourcing and utilizing internal and external ideas and pathways for innovation development and commercialization. The CInP Handbookdescribes it as focusing on "where and how" a business collaborates-internally, with partners, or through external ecosystems-to innovate. Option A ("when") addresses timing, not strategy. C ("finding new customers") and D ("branding and marketing") are downstream activities, not the core of Open Innovation. B is the precise match.
Reference:GInICInP Handbook, Section on Open Innovation.
NEW QUESTION # 50
Rewards generally involve either cash prizes or high-value material prizes.
Select one correct answer from the list:
A. letters of appreciation / certificates of accomplishment
B. new cars / vacation homes
C. promotions / salary raises
D. cash prizes / high-value material prizes
Answer: D
Explanation:
GInI's framework for innovation engagement includes rewards as a reinforcement mechanism, typically categorized as tangible incentives like "cash prizes" or "high-value material prizes." These are highlighted in theCInP Handbookas effective motivators for participation. "Promotions / salary raises" (B) and "letters of appreciation / certificates of accomplishment" (C) might be used in some contexts, but GInI specifies tangible rewards as the primary focus. "New cars / vacation homes" (D) is an exaggerated distractor not aligned with standard practice. The question's phrasing confirms A as the intended answer.
NEW QUESTION # 51
The second step for projects in the Back End is for teams to quickly undertake any final research needed. This is usually done for what reason?
Select one correct answer from the list
A. To quell any remaining objections to the endeavor.
B. To satisfy the various decision-makers and other stakeholders in the business.
C. To bolster the level of confidence in continuing to move forward with the endeavor.
D. To ascertain the level of risk the endeavor will encounter once it is launched.
Answer: C
NEW QUESTION # 52
Since each Mechanism of Engagement will resonate with a different audience in the business, a portfolio approach to their use allows a program to maximize its overall engagement, while also benefiting from what?
Select one correct answer from the list:
A. A range of intellectual capacities
B. A breadth of different demographics
C. A diversity of personalities, styles, perspectives, and capabilities
D. A variety of languages
Answer: C
Explanation:
GInI emphasizes that a portfolio approach to engagement mechanisms-such as Innovation Kits, Tournaments, or Panels-enhances participation by appealing to varied groups within an organization. The CInP Handbooknotes that this approach leverages "a diversity of personalities, styles, perspectives, and capabilities" to ensure broad and effective engagement. This diversity allows the innovation program to tap into different ways of thinking and working, maximizing creativity and involvement. "A variety of languages" (A) is too narrow and not a focus of GInI's framework. "A breadth of different demographics" (C) and "A range of intellectual capacities" (D) are less specific and not directly cited as the primary benefit in GInI documentation.
Reference:GInICInP Handbook, Section on Portfolio Approach to Engagement.
NEW QUESTION # 53
Problem Reframing is the process of restating a problem from how it was originally encountered to what?
Select one correct answer from the list
A. A more correct understanding of the problem.
B. A more strategically significant type of problem.
C. A more enjoyable type of problem to solve.
D. An opportunity to apply new technologies.
Answer: A
NEW QUESTION # 54
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