DBA Innovation, Entrepreneurship, and Digital Transformation 2

Question 1

What is 'venture capital' (VC) and how does it primarily differ from bank loans for startups?

Accepted Answer

VC provides equity financing in exchange for ownership stakes, while bank loans are debt requiring repayment with interest

Answer

Venture capital involves investors taking equity stakes in high-growth potential startups in exchange for funding, without requiring repayment, unlike bank debt.

Question 2

What does 'platform business model' describe in digital economy contexts?

Accepted Answer

A business that creates value by facilitating interactions between two or more interdependent groups (multi-sided platforms)

Answer

Platform businesses (Airbnb, Uber, Amazon Marketplace) create value by enabling interactions between producers and consumers rather than creating and selling products directly.

Question 3

In the context of US corporate innovation, what are 'corporate accelerators'?

Accepted Answer

Programs run by established companies to identify, support, and potentially acquire innovative startups

Answer

Corporate accelerators provide startups with funding, mentoring, and resources in exchange for equity or strategic partnership opportunities, helping large companies access disruptive innovation.

Question 4

What is the 'technology adoption life cycle' (Rogers' Diffusion of Innovations)?

Accepted Answer

A model describing how different segments of society adopt new technologies over time: innovators, early adopters, early majority, late majority, laggards

Answer

Rogers' model describes how innovations spread through social systems, with adoption rates following an S-curve as different adopter categories accept the innovation at different times.

Question 5

What is 'design thinking' as applied in US business innovation?

Accepted Answer

A human-centered problem-solving approach that emphasizes empathy, ideation, prototyping, and testing

Answer

Design thinking (popularized by IDEO and Stanford d.school) is a creative problem-solving methodology that starts with deep user empathy, rapidly generates and tests solutions, and iterates based on feedback.

DBA - Doctor of Business Administration Practice Test

DBA - Doctor of Business Administration Practice Test

DBA Innovation, Entrepreneurship, and Digital Transformation 2