Define "precipitating events" (e.g. The market-based view of innovation suggests that information from the environment represented in the form of “precipitating events” can stimulate or hinder innovation activities (Zahra, 1991).)

According to the article, which factor is not part of Ashford’s framework for innovation? A) Willingness to change B) Capacity to change C) Opportunity to change D) Profitability of change

According to the article, one risk of Public–Private Partnerships is A)Lack of funding from governments B)Too much flexibility in innovation C)Long-term contracts that may discourage experimentation D) Absence of risk-sharing mechanisms

Incremental innovation is best described as: A) A radical breakthrough that disrupts markets B) A gradual improvement of existing processes or products C) An innovation based only on administrative changes D) A government-driven

Explain the difference between incremental and radical innovation using your own words and an example from business or technology.

Define 'stringent policies' (e.g. The more stringent policies should promote more radical innovations than incremental innovations, controlling for the technology gap. )

Define "absorptive capacity" (e.g.Likewise,a firm's absorptive capacity depends on its human capital, their abilities, and the capability of the firm to recognize valuable new technologies and the manner in which they can be exploited.)

Define "portfolio of policies" (e.g. We also propose that the creation of such conditions requires a portfolio of innovation policies.)

What is meant by absorptive capacity? A) The ability of a government to fund innovation B)A firm’s ability to recognize and use external knowledge C)The willingness of employees to accept change D)The level of risk a company can tolerate

Which act significantly changed the role of US universities in innovation? A) Sherman Antitrust Act B) Bayh–Dole Act C) National Cooperative Research Act D) Energy Innovation Hubs Program

Identify three examples given in the article of how government policy has either promoted or hindered innovation