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**Question 1.** Which of the following best describes the primary purpose of a CEO Innovation
Intent statement?
A) To outline the company’s financial statements for the next fiscal year
B) To define the case for change and identify the business growth gap
C) To list all current product features in detail
D) To announce employee holiday schedules
Answer: B
Explanation: The CEO Innovation Intent articulates a clear case for change and highlights the
growth gap the organization must address through innovation.
**Question 2.** In the context of Innovation Strategy, “Fields of Play” refer to:
A) The physical office spaces where teams collaborate
B) The strategic focus areas where innovation efforts are prioritized
C) The recreational activities offered to employees
D) The legal jurisdictions where the company operates
Answer: B
Explanation: “Fields of Play” are the identified strategic focus areas that guide where the
organization should concentrate its innovation investments.
**Question 3.** An Innovation Audit primarily aims to:
A) Evaluate the effectiveness of the sales force
B) Identify priority improvement plans for the organization’s innovation capabilities
C) Conduct a financial audit of all accounts payable
D) Measure employee satisfaction with cafeteria services
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Answer: B
Explanation: An Innovation Audit systematically assesses current innovation processes and
resources to pinpoint priority improvement actions.
**Question 4.** When managing an innovation portfolio, the risk‑adjusted Net Present Value
(NPV) helps leaders to:
A) Calculate the tax liability of new products
B) Assess the expected financial return while accounting for project risk
C) Determine the number of patents filed each year
D) Forecast employee turnover rates
Answer: B
Explanation: Risk‑adjusted NPV incorporates both expected cash flows and the probability of
success, providing a more realistic view of portfolio value.
**Question 5.** Which metric is most appropriate for measuring the “innovation pipeline
velocity”?
A) Number of patents granted per quarter
B) Average time from idea generation to prototype completion
C) Total headcount in R&D
D) Percentage of market share held by legacy products
Answer: B
Explanation: Pipeline velocity reflects how quickly ideas move through stages, typically
measured by the average time from idea to prototype.
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**Question 6.** The first level of organizational maturity in the GIMI model is “Proficient.”
Which characteristic best defines this level?
A) Innovation is ad‑hoc and reactive
B) Innovation processes are documented but not fully integrated
C) Innovation is fully embedded in the corporate DNA with continuous improvement
D) No innovation initiatives exist
Answer: B
Explanation: At the Proficient level, processes are documented and some consistency exists, but
full integration across the organization is not yet achieved.
**Question 7.** In ecosystem orchestration, a “boundary‑spanning partner” is:
A) An internal department that does not interact with external entities
B) An external organization that provides complementary capabilities or market access
C) A competitor that is excluded from collaboration
D) A regulatory agency that audits the company
Answer: B
Explanation: Boundary‑spanning partners bring external expertise, technology, or market
channels that extend the organization’s innovation reach.
**Question 8.** Which leadership behavior is essential for building high‑performance
cross‑functional innovation teams?
A) Micromanaging each task to ensure compliance
B) Encouraging psychological safety and collaborative decision‑making
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C) Assigning tasks based solely on seniority
D) Limiting communication to email only
Answer: B
Explanation: Psychological safety fosters open idea exchange, essential for high‑performing
cross‑functional teams.
**Question 9.** Systematic resource allocation in innovation requires tracking which of the
following three dimensions?
A) Budget, time, and talent
B) Office space, parking spots, and coffee supplies
C) Legal contracts, insurance, and tax filings
D) Travel itineraries, hotel bookings, and airline points
Answer: A
Explanation: Effective allocation monitors financial resources (budget), schedule (time), and
human capital (talent).
**Question 10.** Which governance structure best supports regular senior‑leadership
oversight of innovation progress?
A) Quarterly board meetings focused only on financial results
B) Monthly management agendas dedicated to innovation metrics and decisions
C) Annual employee surveys about workplace satisfaction
D) Weekly social gatherings without formal reporting
Answer: B