Question Tag: Innovation

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BMF – Nov 2014 – L1 – SA – Q11 – Basics of Business Finance and Financial Markets

Identifies the type of leaders who bring about innovation in organizational processes.

Leaders who possess special ability to bring about innovation in organizational processes and development can be referred to as
A. Transactional leaders
B. Transformational leaders
C. Inventional leaders
D. Facilitative leaders
E. Strategic leaders

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BMF – May 2018 – L1 – SA – Q6 – Basic Management Functions

Determining the primary function in an innovation-focused company.

A company that needs to innovate and continually produce new services is likely to have a(n):
A. Research and development
B. Procurement
C. Operations
D. Finance
E. Administration

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BMF – Mar July 2020 – L1 – SA – Q13 – Basics of Business Finance and Financial Markets

Identifying the field not utilized in financial engineering.

Financial engineering draws tools and knowledge to develop new and innovative financial products from the following fields, EXCEPT
A. Statistics
B. Management
C. Computer science
D. Economics
E. Applied mathematics

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CSEG – Nov 2017 – L2 – Q5b – Strategic alternatives, analysis and selection

Identify and explain five competitive advantages associated with being a first mover in product innovation.

Innovation can be a major source of competitive advantage for business firms, even though it comes with a burden of cost and uncertainty. Management would have to decide whether it would be a leader or follower in the industry regarding innovation.

Required:

State FIVE competitive advantages associated with being a first mover in product innovation in an industry. (5 marks)

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BMIS – May 2021 – L1 – Q1b – Business and organisational structure

Explain five benefits a company would derive from adopting a matrix organizational structure.

International Ltd is a Dutch multinational construction company engaged in different forms of construction in various countries, including Ghana. The company has decided to change its existing organizational structure, which is a functional structure, to a matrix structure in order to improve its operations.

Required:
Explain FIVE (5) benefits the company would derive from this decision.

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BMF – Nov 2014 – L1 – SA – Q11 – Basics of Business Finance and Financial Markets

Identifies the type of leaders who bring about innovation in organizational processes.

Leaders who possess special ability to bring about innovation in organizational processes and development can be referred to as
A. Transactional leaders
B. Transformational leaders
C. Inventional leaders
D. Facilitative leaders
E. Strategic leaders

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BMF – May 2018 – L1 – SA – Q6 – Basic Management Functions

Determining the primary function in an innovation-focused company.

A company that needs to innovate and continually produce new services is likely to have a(n):
A. Research and development
B. Procurement
C. Operations
D. Finance
E. Administration

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BMF – Mar July 2020 – L1 – SA – Q13 – Basics of Business Finance and Financial Markets

Identifying the field not utilized in financial engineering.

Financial engineering draws tools and knowledge to develop new and innovative financial products from the following fields, EXCEPT
A. Statistics
B. Management
C. Computer science
D. Economics
E. Applied mathematics

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CSEG – Nov 2017 – L2 – Q5b – Strategic alternatives, analysis and selection

Identify and explain five competitive advantages associated with being a first mover in product innovation.

Innovation can be a major source of competitive advantage for business firms, even though it comes with a burden of cost and uncertainty. Management would have to decide whether it would be a leader or follower in the industry regarding innovation.

Required:

State FIVE competitive advantages associated with being a first mover in product innovation in an industry. (5 marks)

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BMIS – May 2021 – L1 – Q1b – Business and organisational structure

Explain five benefits a company would derive from adopting a matrix organizational structure.

International Ltd is a Dutch multinational construction company engaged in different forms of construction in various countries, including Ghana. The company has decided to change its existing organizational structure, which is a functional structure, to a matrix structure in order to improve its operations.

Required:
Explain FIVE (5) benefits the company would derive from this decision.

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