CGM CGM Technology & Innovation Management 2 — Questions and Answers
Question 1: Which framework is commonly used by US businesses to manage cybersecurity risk?
- Six Sigma DMAIC
- NIST Cybersecurity Framework (Correct answer)
- Balanced Scorecard
- Agile Scrum methodology
Correct answer: NIST Cybersecurity Framework
The NIST Cybersecurity Framework provides guidelines for managing and reducing cybersecurity risk in US organizations.
Question 2: What is the PRIMARY purpose of data governance in an organization?
- To restrict all employees from accessing company data
- To ensure data is accurate, secure, and used appropriately (Correct answer)
- To eliminate the need for data storage systems
- To automate all data-related business processes
Correct answer: To ensure data is accurate, secure, and used appropriately
Data governance establishes policies and standards to ensure data quality, integrity, security, and appropriate use across the organization.
Question 3: In the context of innovation management, an 'open innovation' strategy involves:
- Developing all new products entirely in-house
- Leveraging external ideas, partnerships, and technologies alongside internal efforts (Correct answer)
- Publishing all proprietary research to the public domain
- Prohibiting external vendors from contributing to product development
Correct answer: Leveraging external ideas, partnerships, and technologies alongside internal efforts
Open innovation combines internal and external sources of knowledge—such as startups, universities, or customers—to accelerate innovation.
Question 4: A general manager evaluating technology vendors should prioritize which factor ABOVE all others?
- The vendor's marketing budget and brand recognition
- Alignment of the solution with business requirements and long-term strategy (Correct answer)
- The number of clients the vendor has globally
- Whether the vendor is headquartered in the US
Correct answer: Alignment of the solution with business requirements and long-term strategy
Technology vendor selection must be driven by how well the solution meets the organization's specific needs and supports long-term strategy.
Question 5: What is 'digital literacy' and why is it important for general managers?
- The ability to type quickly on a computer
- The ability to understand and leverage digital tools and data to make informed decisions (Correct answer)
- Knowing how to code complex software systems
- Having a degree in information technology
Correct answer: The ability to understand and leverage digital tools and data to make informed decisions
Digital literacy enables managers to evaluate technology options, interpret data, and lead teams effectively in a digital environment.
Question 6: The 'agile' methodology in technology management is characterized by:
- Long development cycles with fixed requirements
- Iterative development with continuous feedback and adaptation (Correct answer)
- A single project plan that does not change throughout execution
- Centralizing all decisions with the project manager
Correct answer: Iterative development with continuous feedback and adaptation
Agile methodology uses short iterative cycles (sprints) and continuous stakeholder feedback to adapt the product as requirements evolve.
CGM CGM Technology & Innovation Management 2
Which framework is commonly used by US businesses to manage cybersecurity risk?