POB Unit 3 Test

What is a goal?

A goal is an objective or want that you plan to fulfill—a specific outcome that you intend to work toward.

Competitive Advantage is the

edge achieved by businesses that offer something better than their competitors.

Learning goals are ______________________

mastering a new skill

In which part of a SMART goal would one track progress toward his/her outcome?

measurable

Long-term goals are _______________________

objectives that take a year or more to reach.

Short-term goals are ______________________

objectives that take less than a year to achieve

Which type of innovation occurs when the new product is released to the public?

product

Innovation is....

something new - a product, method, strategy, or process. It is an improvement to something that already exists.

Performance goals are __________________

something you're evaluated and something you complete

Creativity is...

the ability to generate unique ideas, approaches, and solutions.

Employees who have innovation skills are able to:

think in new ways

Which of the following is NOT part of the 4P's of innovation? a. Perfect b.Product c.Paradigms d.Process

a. Perfect

Which of the following is NOT a common risk of innovation: a. Loss of jobs b. Competitive advantage c. Failure d. Creative Destruction

b. Competitive advantage

Which of the following is NOT a SMART goal? a. Measurable b. Specific c. Attractive d. Attainable

c. Attractive

Which of the following statements is true? a. Goals are very very hard to set b. Goals have no risks at all c. Goals are impossible to achieve d. There are many benefits to setting goals

d. There are many benefits to setting goals