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GInI Certified Innovation Professional (CInP) Sample Questions:

1. Developing a concept further following its selection by an Evaluation Group often involves the creation of a preliminary business plan/business case for the concept.
Select one correct answer from the list:

A) A preliminary business plan/business case for the concept
B) A detailed design of the concept
C) New hypotheses behind its problem
D) A fully-detailed financial forecast for the concept, showing its return on investment with 95% confidence limits

2. As an Innovation Professional contributing to a program of sustained innovation output in your business, you are constantly feeding its Innovation Pipeline with new projects that allow the business to achieve what?

A) Year-over-year cost reductions
B) The lowest possible risk exposure
C) The best possible marketing campaigns
D) Strategically important growth initiatives

3. It is imperative that certain of the individuals involved in the Mid Zone of an innovation project have solid financial analysis skills, so that they can analyze all of the financial considerations involved and from those develop what?

A) An enthralling business case with a highly optimistic financial and strategic picture of the opportunity.
B) A compelling business case that tells the story of the opportunity the team wants to tell.
C) A compelling business case with the most accurate financial and strategic picture of the opportunity.
D) A decent business case with a rough financial and strategic picture of the opportunity.

4. Evaluation and Selection often happens at two or more levels. The second level is generally run by executives from across the business.
Select one correct answer from the list:

A) Innovation Managers
B) Qualitative analysts
C) Various volunteers
D) Executives

5. In running a Pilot associated with Stage 5 of the GInI InMS, the scale of the pilot, and the level of maturity of the offering, will often be a function of what?

A) The size and age of the business, the industry it is in, and what high-value brands it does or does not own that it needs to protect.
B) The dictates of the business' executive management team.
C) The eagerness of the Innovation Team driving the project.
D) The breadth and depth of the business' portfolio of offerings, as well as how many different brands it has.

Solutions: