DBA Innovation, Entrepreneurship, and Digital Transformation

Question 1

What is 'disruptive innovation' as defined by Clayton Christensen?

Accepted Answer

An innovation that initially targets overlooked segments with simpler, cheaper solutions before eventually displacing established players

Answer

Any innovation that improves an existing product

Answer

A radical technological breakthrough requiring massive R&D investment

Answer

Government-mandated changes to industry practices

Question 2

In the context of US entrepreneurship, what does 'minimum viable product' (MVP) mean?

Accepted Answer

The simplest version of a product that allows a startup to test its value proposition with real customers

Answer

The legally minimum product quality required by US regulations

Answer

A product with all planned features delivered on minimum budget

Answer

The lowest-cost product in a company's portfolio

Question 3

What is 'digital transformation' in an organizational context?

Accepted Answer

The integration of digital technology into all areas of a business, fundamentally changing how it operates and delivers value

Answer

Digitizing paper documents for storage

Answer

Upgrading IT infrastructure to the latest software

Answer

Training employees to use email and spreadsheets

Question 4

Which framework helps organizations assess their readiness for digital transformation by examining people, process, and technology dimensions?

Accepted Answer

McKinsey Digital Quotient (DQ)

Answer

Porter's Value Chain

Answer

Balanced Scorecard

Answer

BCG Growth-Share Matrix

Question 5

What is the 'business model canvas' developed by Osterwalder and Pigneur?

Accepted Answer

A visual strategic management tool describing how an organization creates, delivers, and captures value

Answer

A financial reporting template for startups

Answer

A product design blueprint for software development

Answer

A canvas used for advertising campaign planning

Question 6

In corporate innovation management, what is 'open innovation' as described by Henry Chesbrough?

Accepted Answer

A paradigm where firms use external ideas and paths to market alongside internal R&D

Answer

Making all R&D results publicly available for free

Answer

Removing all IP protections to encourage collaboration

Answer

Publishing source code under open-source licenses