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

What is Innovation? Define innovation and describe the various types of innovation.

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

How does innovation create competitive advantage? Elaborate with examples.

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

Explain Six Thinking Hats as an idea generation technique with examples.

What is the NUF test? Explain how and when it is used for screening ideas.

Define agile management and explain why it is important in innovation management.

Elaborate in detail the Stage-Gate method for accelerating idea to market.

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

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

Define open and closed principles of innovation.

Discuss how a proactive innovation strategy differs from an active innovation strategy.

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

What are post-audits of innovation projects and how to conduct them? What to consider when conducting an innovation audit?

What is innovation failure? Explain the various causes of innovation failure.

Explain financial and non-financial metrics of innovation for business and how to choose them.