WGU - D081 Innovative and Strategic Thinking Latest update questions and 100% correct answers

WGU - D081 Innovative and Strategic Thinking Latest update questions and 100% correct answers Initiative - CORRECT Answer An organizational priority that identifies a direction or strategic area of focus Innovation - CORRECT Answer Process of developing and implementing a new product or process that delivers value to users or customers Iterative - CORRECT Answer Repeated cycles that increasingly approach the desired result Creativity - CORRECT Answer Generation of novel or unique ideas Critical Thinking - CORRECT Answer Disciplined process of rational, evidenced-based, and open-minded thinking that involves analysis and evaluation of inputs to reach an answer Market Share - CORRECT Answer The percentage of sales in a market controlled by a particular company or product Customer Value - CORRECT Answer The benefit (vs. cost) a customer receives from a product or service offering Product Innovations - CORRECT Answer New or improved goods or services offered to the market Process Innovations - CORRECT Answer New or improved ways of conducting business, such as the application of new technology, production techniques, or distribution methods Invention - CORRECT Answer The creation of a unique new idea, process, or object Which type of innovation adds indirect value to customers by lowering costs and increasing the quality of new or existing products or services? - CORRECT Answer Process Research and Development - CORRECT Answer Organizational activities with the goal of innovating products and services