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Exactprep CInP Questions

Page: 12 / 14
Total 195 questions

Certified Innovation Professional (CInP) Questions and Answers

Question 45

Stage 4 of the GInI Innovation Management System is called _____ and defines the business’ _____.

Options:

A.

Selection / Innovation Funnel

B.

Initiation / Innovation Pipeline

C.

Capture / Innovation Dragnet

D.

Structure / Innovation Framework

Question 46

Although the idea capture aspect of Stage 2 of the GInI InMS is an ongoing process, the best results usually happen when the organization is focused on a particular area, which is usually done by running what?

Options:

A.

Challenge campaigns.

B.

Secret projects.

C.

An internal ad featuring an inspirational speech.

D.

Games and other fun activities.

Question 47

Developing a concept further following its selection by an Evaluation Group often involves the creation of a preliminary business plan/business case for the concept.

Select one correct answer from the list:

Options:

A.

New hypotheses behind its problem

B.

A detailed design of the concept

C.

A preliminary business plan/business case for the concept

D.

A fully-detailed financial forecast for the concept, showing its return on investment with 95% confidence limits

Question 48

" Several very large businesses have in recent years turned to running campaigns on crowdfunding sites. One of the more important reasons these businesses use such platforms is that it affords them the opportunity to ______ their concepts, under the assumption that concepts that see good traction on these platforms will see good traction in the general market, and conversely concepts that see poor traction on these platforms will see low demand in the general market and should thus be abandoned. "

Select one correct answer from the list:

Options:

A.

run price elasticity studies on

B.

run technical validation testing on

C.

market test

D.

generate media buzz about

Page: 12 / 14
Total 195 questions