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D081 Innovative & Strategic Thinking questions with verified solutions(graded A+)

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D081 Innovative & Strategic Thinking questions with verified solutions(graded A+)

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  • January 25, 2025
  • 10
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
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D081 Innovative & Strategic
Thinking questions with
verified solutions(graded A+)
Breakthrough - answer The development of an entirely new product
or process.


Business Analysis - answer Use of data about the internal and
external business environment to identify business needs and
objectives.


Creativity - answer Generation of novel or unique ideas.


Innovation - answer The process of trying to get value out of these
ideas.


Incremental Innovations - answer Gradual improvements to
products or processes.


Transformational - answer Organizational adaptation and
development of new processes and business models.


Critical Thinking - answer Disciplined process of rational, evidenced-
based, and open-minded thinking that involves analysis and
evaluation of inputs to reach an answer.


Customer Value - answer The benefit (vs. cost) a customer receives
from a product or service offering


Data Analysis - answer Process of evaluating and interpreting data
using analytical and statistical tools to uncover business insights

, Decision Making Process - answer A seven-step process to make
strategic decisions informed by data.


Defined Benefit Plan - answer Stage of Design Thinking process that
builds on observations of users to identify and refine a problem
statement


Departmentalization - answer Grouping of processes, activities, and
resources into functional units.


Descriptive Analytics - answer Process by which historical data is
analyzed and interpreted to provide business insights.


Design Thinking - answer A human-centered process for innovation
consisting of six iterative stages-empathize, define, ideate,
prototype, test, and implement.


Differentiation Strategy - answer Business-level strategy of
establishing competitive advantage through adding value to a
product or service to accompany a higher price point.


Empathize - answer Stage of Design Thinking process that seeks to
understand and develop empathy for the user experience


Empathy - answer The ability to understand or be attuned to the
feelings, thoughts, or experiences of another human being


Enterprise Risk Management (ERM) - answer Methods and processes
used by an organization that provide a framework for identifying
and managing risks and opportunities

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