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CInP Exam Dumps - Certified Innovation Professional (CInP)

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Question # 4

The final step for projects in the Back End is to ramp up production and deliver of the offering. This completes the process of taking a new idea from concept to reality, and - because of scaling up the offering - is where the business will finally begin to do what?

Select one correct answer from the list

A.

Realize its return on the investment.

B.

Reward the team that launched the offering.

C.

Relax and enjoy the benefits for the next several years.

D.

Be able to tout how innovative it is.

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Question # 5

Transformative Innovations are so radically and new that they do what?

A.

Transform society and how it operates.

B.

Transform product attribute mixes.

C.

Transform markets and how they buy.

D.

Transform industries and how they operate.

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Question # 6

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:

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

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Question # 7

Core Innovation Teams tend to focus exclusively on innovation projects and usually exist where in the business?

A.

Either inside a centralized innovation group or in a frontline business unit.

B.

Either inside the corporate strategy department or in a back office somewhere.

C.

Either inside a core RandD group or a core product development group.

D.

Either inside a core design group or a core market research group.

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Question # 8

Though __________ is often required, it can be costly. For that reason Innovation Teams must first try to use __________ as much as they can.

Select one correct answer from the list

A.

Primary Research / Secondary Research

B.

Deep Research / Shallow Research

C.

Secondary Research / Primary Research

D.

Initial Research / Follow-on Research

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