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GInI CInP - Certified Innovation Professional (CInP)

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Total 246 questions

Stage 3 of the GInI InMS is focused on evaluating and selecting new ideas for conversion into Innovation Projects.

Select one correct answer from the list:

A.

Capturing and accumulating new ideas

B.

Focusing the organization’s ideation efforts

C.

Evaluating and selecting new ideas for conversion into Innovation Projects

D.

Helping the organization feel innovative

As an innovation professional, you encounter opportunities to identify what?

A.

The fastest growing business ventures in the world.

B.

Present and emerging market needs.

C.

Ways to save your business a lot of money.

D.

The most exciting new technologies available.

In selecting new ideas in Stage 3 of the GInI InMS, the organization must make every effort possible to use real data in their decision-making, as this forces them to accept reality as it really is.

Select one correct answer from the list:

A.

Make fiscally conservative assumptions

B.

Accept reality as it really is

C.

Fall back on statistics, which they can easily frame to their needs

D.

Choose whichever ideas they feel will sell the most

The three phases of Innovation Projects is a concept used to categorize __________ within specific phases of an innovation project.

Select one correct answer from the list

A.

the level of risk incurred

B.

the types of work to be done

C.

the types of insight needed

D.

the amount of cost incurred

In Stage 4 of the GInI InMS, it is the _____’s job to ensure the project receives the level of attention and resources it needs (of various types) in order to get started successfully and keep moving forward.

A.

Chief Innovation Officer

B.

Project Champion

C.

Project Manager

D.

Project Coordinator

Innovation Tournaments are internal competitions where teams of peers work together to identify a new opportunity for the business, develop a relatively complete and well-thought-out business plan for it, and then pitch it to an internal venture board, generally in order to get funding for taking the concept further, understanding that concepts which prove strong enough may ultimately make their way all the way through to final implementation, thereby providing an excellent method for surfacing and funding non-core, and potentially breakthrough or disruptive, business innovations.

Select one correct answer from the list:

A.

Hackathons

B.

Business Plan Competitions

C.

Innovation Jams

D.

Innovation Tournaments

_____ are a lighter approach to Open Innovation where engagements are curated with SMEs, thus allowing a business to gain access to a wide variety of insights and learn critical information about a particular industry, market, technology, or business process.

A.

Crowdsourcing Platforms

B.

Open Innovation Brokerage Platforms

C.

Cross-Industry Lateral Innovation Panels

D.

Subject Matter Expert Platforms

Package Innovation is the use of a new package design to do what?

A.

Create perceived new value and appeal to certain consumer preferences.

B.

Create real new value and drive consumer tastes.

C.

Create the perception of a totally new product.

D.

Create no net new value but appeal to certain consumer vanity.

Evaluation and Selection often happens at two or more levels. The second level is generally run by executives from across the business.

Select one correct answer from the list:

A.

Qualitative analysts

B.

Innovation Managers

C.

Executives

D.

Various volunteers

In the GInI Innovation Management System, the concept of " Innovation Velocity " refers to the speed at which a business can move an idea from initial conception through to market launch. What is the primary factor that Program Leaders must optimize to enhance Innovation Velocity across all phases of the innovation process?

Select one correct answer from the list:

A.

Resource allocation to ensure adequate funding and staffing

B.

Cross-functional collaboration to reduce silos and accelerate decision-making

C.

Rapid prototyping to test ideas quickly and refine them iteratively

D.

Executive sponsorship to secure top-down support and remove roadblocks