Managing Innovation and Entrepreneurship (CS-803 (D)) - Important Questions

Define innovation and describe the various types of innovation.

Explain the 4Ps of innovation (product, process, position, paradigm) with examples, including definition of innovation.

How innovation does create competitive advantage? Elaborate.

Define marketing innovation and explain the different types of innovation with examples.

Write short notes on marketing innovation, causes of innovation failure, Six Thinking Hats, and appropriate strategies.

Explain five generation of innovation model in detail?

Explain and compare Technology Push (knowledge push) vs Market Pull (need pull) innovation

Explain Six Thinking Hats as an idea generation technique.

What is the NUF test and how/when is it used?

Define agile management and explain its importance in innovation.

Discuss how innovation arises from knowledge push

What are the core abilities in managing innovation?

How does context affect innovation management?

Define open innovation and explain its importance, benefits and limitations for business development.

Explain the innovation process model in detail, including its steps.

Explain the stage-gate method for accelerating idea to market in detail.

Define open and closed principles of innovation.

Write short notes on Agile Management, role of co-creation in innovation, innovative models, and limitation of open innovation.

Discuss how a proactive strategy differs from an active strategy.

Define the elements of an effective innovation strategy process.

What is human-centred innovation and how is it applied?

Describe the role of co-creation in the innovation process.

What are post-audits of innovation projects and how to conduct them?

What is innovation failure and what are its causes?

Explain financial and non-financial metrics of innovation for business.

Differentiate between financial and non-financial metrics.

What are the barriers to innovation in a business?