Which innovation framework involves exploring adjacent markets and technology to identify new opportunities?OPTIONS Open Innovation Blue Ocean Strategy Lean Startup Disruptive Innovation

Transforms any type of innovation that historically was expensive and complicated into an innovation that is affordable, simple, and available to broader markets.Group of answer choicesRed Ocean StrategiesInnovation DiffusionDisruptive InnovationBlue Ocean Strategies

Which type of innovation focuses on significant changes that challenge established markets?Group of answer choicesArchitectural InnovationDisruptive InnovationBasic ResearchSustainable Innovation

Which strategy involves collaborating with external partners to develop and commercialize innovations?Question 8Answera.Vertical Integrationb.Horizontal Integrationc.Open Innovationd.Closed Innovation

Which type of innovation is most likely to create entirely new markets andbusiness models?*1 pointIncremental InnovationArchitectural InnovationDisruptive InnovationRadical Innovation

There are threedistinct modes of open innovation: (1) outside-in, (2)inside-out, and (3) coupled innovation. Which is most relevant for platforms extension.1 pointCoupled open innovation. Inside-out open innovationOutside-in open innovation