QUIZ III – INNOVATION and STRATEGY FORMULATION

Answer briefly
1. Explain what the rational strategy is, talking about its basic ideas and how it
helps in making decisions for organizations.
2. Describe the incrementalist strategy. Describe how it works step by step and
how it helps organizations make decisions and grow gradually.
3. Talking about Porter's framework, explain it in simple terms, and share how
businesses can use it to understand industries better and be more competitive.
4. Discuss how small firms come up with new ideas and strategies. Explain the
challenges they face and how they can use innovation to do well in their
industries.
5. Explore the mechanisms of national innovation systems
6. Elaborate the strategies for competitor resilience
7. Illuminate the advantages derived from innovation
8. Examine the strategic placement of small businesses
9. Discus the significant trajectories shaping industries.
10. Provide an in-depth description of groundbreaking technologies driving
transformation.
11. Explore the ongoing evolution and growth of competencies unique to each
business.
12. Discuss the specific technological pathways followed by small enterprises.
13. Explore the resource allocation strategies for innovation initiatives.
14. Elaborate the ways in which technology contributes to the formulation and
execution of corporate strategies.
15. Discuss the organizational processes unique to small businesses.