1. One of the three tests for radical innovation is 'does it have the power to change industry economics'?

True False

2. The difficult challenge for most organizations is to turn innovation rhetoric into revenue-growing reality by

producing a steady stream of breakthrough innovations that ________________ over time.

a.diminish

b. change directions

c. compound

d. regress

3. As current business models mature and consolidation runs its course, most organizations experience an accelerated growth rate.

True False

4. A great way to get hundreds or even thousands of employees involved in the process of sharing insights and thinking up new ideas is to use the power of the Internet. True False

5. MicroSoft uses an annual 'code jam' to illicit the help of outsiders to help solve its toughest software problems.

True False

6. Demanding a lot of financial precision about a nascent idea, particularly early on, is very counterproductive.

True False

7. One of the most profitable and fastest growing firms in the last few years is a African firm called CEMEX.

True False

8. In most organizations today, we still find nothing that even closely resembles a systematic, corporate- wide approach to innovation.

True False