D081 INNOVATIVE & STRATEGIC
THINKING
Breakthroughbg-bganswers--Thebgdevelopmentbgofbganbgentirelybgnewbgproductbgorbgprocess.
BusinessbgAnalysisbg-bganswers--
Usebgofbgdatabgaboutbgthebginternalbgandbgexternalbgbusinessbgenvironmentbgtobgidentifybgbusinessbgne
edsbgandbgobjectives.
Creativitybg-bganswers--Generationbgofbgnovelbgorbguniquebgideas.
Innovationbg-bganswers--Thebgprocessbgofbgtryingbgtobggetbgvaluebgoutbgofbgthesebgideas.
IncrementalbgInnovationsbg-bganswers--Gradualbgimprovementsbgtobgproductsbgorbgprocesses.
Transformationalbg-bganswers--
Organizationalbgadaptationbgandbgdevelopmentbgofbgnewbgprocessesbgandbgbusinessbgmodels.
CriticalbgThinkingbg-bganswers--Disciplinedbgprocessbgofbgrational,bgevidenced-based,bgandbgopen-
mindedbgthinkingbgthatbginvolvesbganalysisbgandbgevaluationbgofbginputsbgtobgreachbganbganswer.
CustomerbgValuebg-bganswers--
Thebgbenefitbg(vs.bgcost)bgabgcustomerbgreceivesbgfrombgabgproductbgorbgservicebgoffering
DatabgAnalysisbg-bganswers--
Processbgofbgevaluatingbgandbginterpretingbgdatabgusingbganalyticalbgandbgstatisticalbgtoolsbgtobguncover
bgbusinessbginsights
, DecisionbgMakingbgProcessbg-bganswers--Abgseven-
stepbgprocessbgtobgmakebgstrategicbgdecisionsbginformedbgbybgdata.
DefinedbgBenefitbgPlanbg-bganswers--
StagebgofbgDesignbgThinkingbgprocessbgthatbgbuildsbgonbgobservationsbgofbgusersbgtobgidentifybgandbgre
finebgabgproblembgstatement
Departmentalizationbg-bganswers--
Groupingbgofbgprocesses,bgactivities,bgandbgresourcesbgintobgfunctionalbgunits.
DescriptivebgAnalyticsbg-bganswers--
Processbgbybgwhichbghistoricalbgdatabgisbganalyzedbgandbginterpretedbgtobgprovidebgbusinessbginsights.
DesignbgThinkingbg-bganswers--Abghuman-
centeredbgprocessbgforbginnovationbgconsistingbgofbgsixbgiterativebgstages-
empathize,bgdefine,bgideate,bgprototype,bgtest,bgandbgimplement.
DifferentiationbgStrategybg-bganswers--Business-
levelbgstrategybgofbgestablishingbgcompetitivebgadvantagebgthroughbgaddingbgvaluebgtobgabgproductbgorb
gservicebgtobgaccompanybgabghigherbgpricebgpoint.
Empathizebg-bganswers--
StagebgofbgDesignbgThinkingbgprocessbgthatbgseeksbgtobgunderstandbgandbgdevelopbgempathybgforbgtheb
guserbgexperience
Empathybg-bganswers--
Thebgabilitybgtobgunderstandbgorbgbebgattunedbgtobgthebgfeelings,bgthoughts,bgorbgexperiencesbgofbgano
therbghumanbgbeing
EnterprisebgRiskbgManagementbg(ERM)bg-bganswers--
Methodsbgandbgprocessesbgusedbgbybganbgorganizationbgthatbgprovidebgabgframeworkbgforbgidentifyingb
gandbgmanagingbgrisksbgandbgopportunities
THINKING
Breakthroughbg-bganswers--Thebgdevelopmentbgofbganbgentirelybgnewbgproductbgorbgprocess.
BusinessbgAnalysisbg-bganswers--
Usebgofbgdatabgaboutbgthebginternalbgandbgexternalbgbusinessbgenvironmentbgtobgidentifybgbusinessbgne
edsbgandbgobjectives.
Creativitybg-bganswers--Generationbgofbgnovelbgorbguniquebgideas.
Innovationbg-bganswers--Thebgprocessbgofbgtryingbgtobggetbgvaluebgoutbgofbgthesebgideas.
IncrementalbgInnovationsbg-bganswers--Gradualbgimprovementsbgtobgproductsbgorbgprocesses.
Transformationalbg-bganswers--
Organizationalbgadaptationbgandbgdevelopmentbgofbgnewbgprocessesbgandbgbusinessbgmodels.
CriticalbgThinkingbg-bganswers--Disciplinedbgprocessbgofbgrational,bgevidenced-based,bgandbgopen-
mindedbgthinkingbgthatbginvolvesbganalysisbgandbgevaluationbgofbginputsbgtobgreachbganbganswer.
CustomerbgValuebg-bganswers--
Thebgbenefitbg(vs.bgcost)bgabgcustomerbgreceivesbgfrombgabgproductbgorbgservicebgoffering
DatabgAnalysisbg-bganswers--
Processbgofbgevaluatingbgandbginterpretingbgdatabgusingbganalyticalbgandbgstatisticalbgtoolsbgtobguncover
bgbusinessbginsights
, DecisionbgMakingbgProcessbg-bganswers--Abgseven-
stepbgprocessbgtobgmakebgstrategicbgdecisionsbginformedbgbybgdata.
DefinedbgBenefitbgPlanbg-bganswers--
StagebgofbgDesignbgThinkingbgprocessbgthatbgbuildsbgonbgobservationsbgofbgusersbgtobgidentifybgandbgre
finebgabgproblembgstatement
Departmentalizationbg-bganswers--
Groupingbgofbgprocesses,bgactivities,bgandbgresourcesbgintobgfunctionalbgunits.
DescriptivebgAnalyticsbg-bganswers--
Processbgbybgwhichbghistoricalbgdatabgisbganalyzedbgandbginterpretedbgtobgprovidebgbusinessbginsights.
DesignbgThinkingbg-bganswers--Abghuman-
centeredbgprocessbgforbginnovationbgconsistingbgofbgsixbgiterativebgstages-
empathize,bgdefine,bgideate,bgprototype,bgtest,bgandbgimplement.
DifferentiationbgStrategybg-bganswers--Business-
levelbgstrategybgofbgestablishingbgcompetitivebgadvantagebgthroughbgaddingbgvaluebgtobgabgproductbgorb
gservicebgtobgaccompanybgabghigherbgpricebgpoint.
Empathizebg-bganswers--
StagebgofbgDesignbgThinkingbgprocessbgthatbgseeksbgtobgunderstandbgandbgdevelopbgempathybgforbgtheb
guserbgexperience
Empathybg-bganswers--
Thebgabilitybgtobgunderstandbgorbgbebgattunedbgtobgthebgfeelings,bgthoughts,bgorbgexperiencesbgofbgano
therbghumanbgbeing
EnterprisebgRiskbgManagementbg(ERM)bg-bganswers--
Methodsbgandbgprocessesbgusedbgbybganbgorganizationbgthatbgprovidebgabgframeworkbgforbgidentifyingb
gandbgmanagingbgrisksbgandbgopportunities
