DBA Innovation, Entrepreneurship, and Digital Transformation 1

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

Christensen's disruption theory describes how innovations that start at the low end or in new markets gradually move upmarket and displace incumbents who over-serve mainstream customers.

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 MVP concept (from lean startup methodology) involves launching the simplest version of a product to learn from real customer feedback before investing in full development.

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

Digital transformation involves using digital technologies to create new — or modify existing — business processes, culture, and customer experiences to meet changing business and market requirements.

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

McKinsey's Digital Quotient assesses digital transformation maturity across strategy, culture, capabilities, and organizational dimensions.

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

The Business Model Canvas maps nine building blocks — customer segments, value propositions, channels, customer relationships, revenue streams, key resources, key activities, key partnerships, and cost structure.

DBA - Doctor of Business Administration Practice Test

DBA - Doctor of Business Administration Practice Test

DBA Innovation, Entrepreneurship, and Digital Transformation 1