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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Tactical Innovation & The Innovation Professional | 35% | |
| Topic 2: Innovation Management & The Innovation Manager | 35% | |
| Topic 3: Foundations – Core Innovation Knowledge & Concepts | 25% | |
| Topic 4: Applied Design Thinking | 5% |
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NEW QUESTION # 67
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:
Answer: A
Explanation:
GInI'sCInP Handbookexplains that post-selection in InMS Stage 3, concepts move to Stage 4, where development includes creating a "preliminary business plan/business case." This document outlines the concept's value proposition, market potential, and initial financials-enough to justify further investment without full detail. It's a Mid Zone activity, bridging evaluation to execution. "New hypotheses" (A) is Front End, pre-selection. "Detailed design" (B) is Back End, post-business case. "Fully-detailed forecast" (D) is overly precise for this stage-GInI seeks preliminary viability, not 95% confidence yet. Option C aligns with GInI's process, matching the original answer (despite typo), reflecting a pragmatic step to validate concepts strategically-a GInI method for staged commitment.
NEW QUESTION # 68
________ are open, curated discussion and brainstorming forums framed around certain issues relevant to the business, facilitating broad-scale collaborative innovation where people from across a broad audience share their insights, perspectives, and ideas with one another, with the goal of using their collective "fresh eyes" to uncover a new solution to what often has been a long-standing issue.
Answer: C
Explanation:
Innovation Jams are broad, collaborative ideation events designed to gather ideas from a wide audience around a defined challenge or issue. The key signals in the question are "open," "curated discussion,"
"brainstorming forums," "broad-scale collaborative innovation," and "fresh eyes." These match the purpose of an Innovation Jam: bringing many participants together to generate, discuss, and refine ideas around a shared business problem. A hackathon is usually a time-boxed event focused on building or prototyping solutions, often technical in nature. An Innovation Tournament is competitive and typically involves teams pitching developed business opportunities to an internal venture board. An ideation forum sounds plausible, but it is too generic and does not match the formal mechanism described. Innovation Jams are specifically intended to use collective participation and diverse perspectives to surface new approaches to difficult or long- standing challenges. Therefore, D is correct.
NEW QUESTION # 69
One of the Program Leader's jobs in relation to Engagement is to select and deploy the engagement mechanisms most suited to special needs that arise from different functional groups and/or business units in the business.
Select one correct answer from the list:
Answer: A
Explanation:
GInI'sCInP Handbooktasks Program Leaders with tailoring engagement mechanisms to the specific needs of various parts of the organization, such as "different functional groups and/or business units." This ensures relevance and effectiveness across diverse teams like R&D, marketing, or operations. "Anyone, working anywhere" (A) is too vague, "deep deficiencies" (B) implies problems rather than needs, and "surprising new opportunities" (C) shifts focus to outcomes rather than organizational structure. D directly reflects GInI's emphasis on customization by group.
Reference:GInICInP Handbook, Section on Role of Program Leaders.
NEW QUESTION # 70
It is imperative that certain of the individuals involved in the Mid Zone of an innovation project have solid financial analysis skills, so that they can analyze all of the financial considerations involved and from those develop what?
Answer: D
Explanation:
The correct answer is C. A compelling business case with the most accurate financial and strategic picture of the opportunity. In the innovation process described in Global Innovation Institute topics, the Mid Zone focuses on developing concepts, evaluating feasibility, and preparing ideas for implementation. During this phase, innovation teams must carefully analyze the financial, strategic, and operational implications of a proposed innovation.
Financial analysis plays an essential role in determining whether an innovation opportunity is viable and worth pursuing. Individuals with strong financial analysis skills assess factors such as projected revenues, costs, investment requirements, risks, market potential, and expected return on investment. These analyses help teams create a clear and credible business case that can support decision-making by leadership and stakeholders.
The goal is not to create overly optimistic projections or persuasive narratives that exaggerate potential outcomes. Instead, the objective is to produce the most accurate and balanced financial and strategic assessment possible. A well-developed and compelling business case provides leadership with reliable information to determine whether the innovation opportunity should move forward into the implementation phase.
NEW QUESTION # 71
First-Level EandS Teams do two key things that are critical to driving the business ' InMS. The second of these is to drive and facilitate __________ for choosing those ideas and opportunities that will ultimately be converted into new innovation projects.
Select one correct answer from the list
Answer: B
NEW QUESTION # 72
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