Chapter 7 Achieving fast growth through innovation
Quiz
Industry breakpoints:
Have the effect of either significantly increasing customer or organisation value through cost reduction
Have the effect of either significantly decreasing customer or organisation value through cost reduction
Have the effect of either significantly increasing customer or organisation value through cost inflation
Have the effect of either significantly decreasing customer or organisation value through cost inflation
The two types of breakpoints are:
Diverging and converging
Divergent and converging
Divergent and convergent
Diverging and convergent
In marketing management e-commerce, information management, telecommunications, computer aided design, inventory and logistics management are all:
Disabling technologies
New technologies
State-of-the-art technologies
Enabling technologies
It has no value until there is a practical application:
Marketing
Technology
Strategy
Finance
Mass market opportunities can sometimes be gained from:
Sub-segmentation
Segmentation
Targeted-segmentation
Diverse-segmentation
The importance of educating customers through marketing communications has to be recognised when making:
Innovation decisions
Business decisions
Buying decisions
Sales decisions
Tracking environmental changes and spotting market gaps and opportunities in an endeavour to be first is done by the:
Sales team
IT team
Pioneers
Company directors
Recognising a window of market opportunity and the strategic capability to position the offering in the market in such a way that it appeals and will benefit customers requires:
Entrepreneurial spirit
Entrepreneurial management
Entrepreneurial direction
Entrepreneurial teamwork
The adoption of new technologies alone is not guaranteed to deliver spectacular results there must be a:
Sound marketing strategy
Sustainable business model
Financial incentive
Good IT specialist
To make decisions about website innovations businesses have to know the dynamics of customer: