CGM CGM Technology & Innovation Management 2

Question 1

Which framework is commonly used by US businesses to manage cybersecurity risk?

Accepted Answer

NIST Cybersecurity Framework

Answer

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?

Accepted Answer

To ensure data is accurate, secure, and used appropriately

Answer

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:

Accepted Answer

Leveraging external ideas, partnerships, and technologies alongside internal efforts

Answer

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?

Accepted Answer

Alignment of the solution with business requirements and long-term strategy

Answer

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?

Accepted Answer

The ability to understand and leverage digital tools and data to make informed decisions

Answer

Digital literacy enables managers to evaluate technology options, interpret data, and lead teams effectively in a digital environment.

CGM - Certified General Manager Practice Test