Innovation, Business Models and Entrepreneurship Nptel Week 1 Answers
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Week 1 Nptel Answers Innovation Business Models and Entrepreneurship (July-Dec 2025)
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Question 1. Which of the following statement is NOT quoted in the Peter F Drucker’s definition of Innovation?
a) Innovation is the specific tool of entrepreneurs.
b) It is the means by which entrepreneurs exploit change as an opportunity for a different business or a different service.
c) Innovation is the practical implementation of ideas that result in the introduction of new goods or services
d) None of the above
Question 2. Which one of the following is a challenge to innovation in the current business environment?
a) Resistance to change
b) Able Workforce
c) Confident leadership
d) None of the above
Question 3. Which one among following is NOT an important I’s in the process of innovation that differentiate it from invention?
a) Idea
b) Implementation
c) International Outlook
d) Impact
These are Week 1 Nptel Answers Innovation Business Models and Entrepreneurship
Question 4. Which one of the following is a myth of innovation?
a) Innovation begins with curiosity
b) Innovation is iterative and an outcome of series of experiments
c) Innovation is just about risk taking
d) Efficient innovation involves risk taking, assessment and mitigation.
Question 5. Which of the following is not an element of VUCA?
a) Volatility
b) Unclear
c) Complexity
d) Ambiguity
Question 6. What are the reasons for resistance to change?
a) Fear of failure
b) Inertia
c) Lack of confidence
d) All of the above
Question 7. Which of the statements is not correct with respect to Frugal innovation?
a) Frugal innovation denotes a new frame of mind: one that sees resource constraints not as a liability but as an opportunity
b) Frugal innovation favours rigidity over efficiency
c) Frugal organizations don’t seek to wow customers with technically sophisticated products
d) Frugal innovation strives to create good quality solutions that deliver the greatest value to customers at the lowest cost.
These are Week 1 Nptel Answers Innovation Business Models and Entrepreneurship
Question 8. Which one of the following is not a type of innovation according to industry system?
a) Product innovation
b) Process innovation
c) Personnel Innovation
d) Business Model innovation
Question 9. Which among the following is an important school of creative thinking?
a) Design Thinking
b) Behaviour Thinking
c) Linear Thinking
d) Profit Thinking
Question 10. Which of the following statement is false regarding the series of macro-economic events in the history of development?
a) Industrialization in Europe
b) South America becoming a major economic power
c) Industrialization in Japan based on Quality principles
d) Low-cost manufacturing from China
These are Week 1 Nptel Answers Innovation Business Models and Entrepreneurship