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- 6. For an innovation to be profitable, which factor is most essential? The technology underlying the product need not work The product must create value for the customer The Innovator must be a competitor All options are correct. 7. Which of the following is NOT part of process technology in manufacturing companies? Basic production equipment with advanced processes Fabrication Process The massive flow of materials throughout the supply chain The technologically advanced and extremely complex process 8. The knowledge where skills and abilities of an individual is gained through experience is known as? Explicit Knowledge Implicit Knowledge Tacit Knowledge All options are correct 9. Which among the following is the by-product of a hospital in Operations Management? Material Waste Clinical Waste Material Waste Heat Waste 10. Which among the following in the Ideas generation is NOT an external source? Surveys Customer Need Analysis Customer Suggestions Competitors“Change is a process not an event. Not all changes lead to improvement, but all improvement requires change”A(n) _____ environment lacks some information, but it is possible to assign probabilities to the likely outcomes of alternatives. * 1 Anticipated. 2Risk. 3Certain. 4Uncertain.
- The key disadvantage of open innovation is: Question 1 options: Difficulty to scare None of the options Low speed of research and development High cost The difference between fiscal management and tax evasion: Question 2 options: Is always clearly stated in the legislation Is always very obvious Is often hard to observe, but is clearly explained in the IFRS Is often determined on a case-by-case basisThis is also a good time to understand the customer's value proposition and their likely purchase behavior, which will help the entrepreneur develop a more meaningful product or service. What new product development process is mentioned? Oa. Testing the prototype O b. Developing a product or service description O c. Creating a prototype O d. Validating the market The following are examples of non-monetary benefits, except: Oa. maternity or paternity leave O b. medical coverage 13th month pay O d. flexibility in work scheduleAttributes (A) —At the top level of this hierarchy, attributes are most recognizable by individuals. Individuals recognize the attributes of a product or system easily. For example, “I like this car, because it is a convertible.” Consequences (C) —In turn, the attributes have consequences for the individual. For example, the convertible makes its driver feel young and free. Each attribute may have one or more consequences for any given individual. Values (V) —Finally, each consequence is linked to a core value of the person’s life. For example, the sense of youth makes that driver feel attractive. The data file is about a health monitor watch. Develop the codes for A, C, and V and create the matrix of A x C and C x V. With an appropriate cut-off frequency, draw a mean-end map.
- The article presents a change formula (originally by David Gleicher):C = ƒ(ABD) > X Where:C = the needed changeA = dissatisfied with the status quoB = clear vision of the desired future stateD = practical first steps to the desired future state,X = the perceived cost of making the change. (In this context, “cost” is any negative financial, political, social, or emotional impact.) So, the idea (according to this formula) is that people make the needed changes, if the power of dissatisfaction with the status quo, clear vision of the desired future state & practical first steps to the desired future state can OUTWEIGHT the perceived cost of making the change. Write an essay, where you discuss the content of this formula, and your ideas on how to implement it successfully. Especially, concentrate on the following viewpoint: As a manager/leader, how could you promote the successful change management & change leadership based on this formula AT THE LEVEL OF THE INDIVIDUALS…108- A business can be influenced by: a. Industry effects b. Corporate effects c. Both a and b d. Neither a nor bI need to a full description of the role of each of these components listed below 1-9 for " BLOOD PRESSURE THAT IS A WIRELESS, REMOTE MONITORING DEVICE THAT CONNECTS TO A SMARTPHONE APP WITH ACCURATE MEASUREMENTS". And by referring to the above table: 1. Cover slide: The cover slide should include the product name, your company's logo, and any other relevant information. 2. Elevator statement: Provide a brief summary of the product, including its unique selling proposition, target audience, and benefits. 3. The clinical need: Describe the clinical need for the product and how it solves an existing problem. 4.The solution: Provide a detailed explanation of the product, including its features, benefits, and how it works. 5. The market: Describe the target market for the product and the potential size of the market. 6. Intellectual property (IP): Discuss any patents, trademarks, or copyrights related to the product. 7. R&D: Describe the research and development…
- The three stages of the change process are: O unfreezing, adjustment, and refreezing. adjustment, unfreezing and refreezing. adjustment, unfreezing, and re-adjustment. adjustment, re-adjustment, and unfreezing.A. Innovation can be represented in new ideas, products and processes. identify whether the statement it is True or FalseTick or Circle the most appropriate response Innovation is A concept that analyses production, distribution and consumption of goods The creation of better or more effective products, processes, technology or ideas ü A computerized method of designing better products An engineering process which is cost-effective Which of the following statements is not correct? When variation is found between actual performance and required objective, managers take action KPI does mean Key performance indicator Choosing a right performance indicator is often a challenge for Managers Non-statistical method is easy way to measure and compare performances Organizational culture can affect all components except: Work practices Value of time Availability of raw material Relationships between staff and management Managers need to examine internal and external factors for risk management. External factors for risk may include all except, The economic environment Competitor’s activity…