RSM Research and Innovation 2

Question 1

Which innovation strategy involves a firm deliberately using both internal and external paths to market when advancing technology?

Accepted Answer

Open innovation

Answer

Open innovation, a concept popularized by Henry Chesbrough, combines internal R&D with external ideas and commercialization paths.

Question 2

In design thinking, which phase involves generating a wide range of possible solutions without judgment?

Accepted Answer

Ideate

Answer

The ideate phase is characterized by divergent thinking and brainstorming to produce as many ideas as possible.

Question 3

What does the 'absorptive capacity' of a firm refer to in innovation research?

Accepted Answer

The ability to recognize, assimilate, and apply external knowledge

Answer

Absorptive capacity, introduced by Cohen and Levinthal, is a firm's ability to identify, internalize, and exploit external knowledge.

Question 4

Which research paradigm holds that social reality is constructed through human interaction and interpretation?

Accepted Answer

Interpretivism

Answer

Interpretivism argues that social phenomena are meaningfully constructed by actors and must be understood from their perspective.

Question 5

The 'S-curve' model in technology management describes which phenomenon?

Accepted Answer

The performance improvement of a technology over time following a sigmoid trajectory

Answer

The S-curve shows that technologies improve slowly at first, then rapidly, before plateauing as limits are approached.

(RSM) Rotterdam School of Management Practice Test