Question: 1 . Why is prioritization important when considering the strategic sequence of innovation projects? a . To ensure innovation projects align with strategic objectives and

1. Why is prioritization important when considering the strategic sequence of innovation projects?
a.
To ensure innovation projects align with strategic objectives and available resources
b.
To maintain a sense of priority in innovation efforts
c.
To maximize the number of innovation projects undertaken
d.
To focus exclusively on short-term innovation goals
2. Why is due diligence important for innovation teams when entering into licensing agreements or partnerships?
a.
To identify potential infringements of their IPR
b.
To reduce the costs of obtaining IPR protection
c.
To expedite the process of obtaining patents
d.
To assess the financial stability and reputation of potential collaborators
3. Which aspect of Hall's framework emphasizes the importance of exploring new ideas and concepts?
a.
Knowledge sharing
b.
Knowledge feedback
c.
Knowledge creation
d.
Knowledge application
4. What is the primary characteristic of lead user innovation?
a.
Collaboration with trendsetters and pioneers
b.
Close observation of lead users
c.
Focus on historical lead user data
d.
Involvement of all consumers
5. In the context of innovation, why is consumer behavior analysis essential?
a.
To create products that resonate with customers
b.
To outperform competitors
c.
To align with legal requirements
d.
To imitate consumers

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