Knowledge quiz

It's time to put what you've learned to the test, get 8 right to pass this week.

Which team setup and mindset is required to start with?

Choose the correct answer.

Multi-disciplined, open-minded team willing to iterate

Business thinking only

Lean product development mindset and team of ten

Experienced design thinkers are mandatory

What are the key characteristics of an appropriate business model?

Choose the correct answer.

It is profitable, implementable, and scalable

Minimum 30% revenue after the second year

Nice-looking visuals in the business model canvas

No empty boxes in the business model canvas

According to Uli Eisert, what does a business model describe at the same time?

There are three correct answers.

Desirability

Flexibility

Feasibility

Security

Viability

What is a major driver for recent business model innovations?

Choose the correct answer.

New technologies and digital transformation in many traditional industries

Success of standard software

Environmental issues such as reduction in carbon footprint

New high-tech materials from astronautics

What were some of the key success factors for a company in the past?

There are two correct answers.

Differentiation in products and services

The total number of employees in a company

Technological advantages

The number of acquisitions a company had made

What is the name of the working template for capturing the business model?

Choose the correct answer.

Business model canvas

Business model test

Business model artefact

Business model sketch

What is the main goal of the early stages of Business Model Innovation?

Choose the correct answer.

Finding an appropriate business model for your product or service

Finding the right partners for development and sales

Getting further funding for later stages

Filling out the first business model canvas

How can uncertainties about your business model be reduced?

Choose the correct answer.

Through iterations and validated learning from customers, users, and partners

By creating a video

By developing a storyboard

By launching a simple website/ landing page

What are the three questions any business model needs to answer?

Choose the correct answer.

How is value created, delivered, and captured?

Which qualitative metrics to be used?

How can quantitative metrics be applied?

What actionable metrics to define?

10.

Where can Business Model Innovation be applied?

Choose the correct answer.

To products and services

To products only

To services only

To disruptive innovation only