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GInI CInP - Certified Innovation Professional (CInP)

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Total 195 questions

In order to gain insights from the research we undertake and the observations we make, we have to distill down all of that information to figure out what the information is trying to tell us.

Select one correct answer from the list:

A.

Figure out what the information is trying to tell us

B.

Figure out why the pieces of information do not match one another

C.

Have far less information

D.

Determine what other information we need

_____ 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

Innovation is defined as doing something in a new or novel way that delivers more value and/or better experiences to customers and markets.

Select one correct answer from the list:

A.

Better branding and/or better advertising

B.

More value and/or better experiences

C.

Lower prices and/or easier access

D.

Newer technology and/or more features

In order for the business ' Evaluation Group to be able to evaluate new innovation ideas and opportunities in Stage 3 of the GInI InMS, they must have what, so that they can know whether or not an idea has potential merit?

Select one correct answer from the list

A.

Ownership over the business ' Innovation Strategy.

B.

Knowledge of the Chief Innovation Officer ' s favorite types of projects.

C.

Fresh market intelligence.

D.

A well-defined technology roadmap

A well-developed Opportunity Analysis will uncover for a business both _____.

A.

good opportunities and bad opportunities.

B.

tangible and intangible opportunities.

C.

currently untapped opportunities and future potential opportunities.

D.

unmet and unarticulated opportunities.

Colloquially, the Front End of Innovation is referred to as Innovation’s First Mile.

Select one correct answer from the list:

A.

Innovation’s First Mile

B.

Innovation’s Roadmap

C.

Innovation’s Long Road

D.

Innovation’s Last Mile

Venture Scouting is used to search out and find new startup ventures a business can invest in - a practice known as _____.

A.

New Venture Hedging

B.

Strategic Acquisitions

C.

Private Equity

D.

Corporate Venturing

Program Leaders must take explicit steps using _____ to drive ongoing sustained engagement in the business ' innovation program.

A.

reinforcement mechanisms

B.

structural mechanisms

C.

enabling devices

D.

support structures

In Stage 5 of the GInI InMS, the purpose of a Pilot is to provide a final grand opportunity for commercial validation of the concept, allowing the business to develop greater confidence that its hypothesis and solution were both valid, and thus the offering will be capable of scaling to its full expected potential.

Select one correct answer from the list:

A.

Its problem statement and solution statement were both valid, and thus the offering will be better than its competitors’ offerings

B.

Its postulates and concepts were both valid, and thus the offering will realize substantial media buzz

C.

Its theories and ideas were both valid, and thus the offering will be liked by its customers

D.

Its hypothesis and solution were both valid, and thus the offering will be capable of scaling to its full expected potential

By running a Pilot in Stage 5 of the GInI InMS, an organization is better able to manage its risks, as doing so provides a safe, cost-effective approach to learning what?

Select one correct answer from the list

A.

What the business executives think of the final offering.

B.

What the market response will be prior to going full-scale with the offering.

C.

Whether or not the new innovation will exceed the profit targets set for it.

D.

Whether or not the new innovation will get lots of media buzz.