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M Management Study Set 1

Business

Quiz 15 :

Innovating and Changing

Quiz 15 :

Innovating and Changing

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________ is best described as the advantage that comes from offering a unique good or service for which customers are willing to pay a premium price.
Free
Multiple Choice
Answer:

Answer:

C

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________ technology is commonplace in the industry and provides little competitive advantage.
Free
Multiple Choice
Answer:

Answer:

A

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________ technologies have proved effective but offer a strategic advantage because not everyone knows or uses them.
Free
Multiple Choice
Answer:

Answer:

C

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Organizations must consider the feasibility of technological innovations because technical obstacles represent barriers to progress.
True False
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Flexible manufacturing practices such as mass customization, just-in-time, and concurrent engineering are examples of
Multiple Choice
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________ is the first consideration in developing a strategy around technological innovation.
Multiple Choice
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Total organization change involves introducing and sustaining multiple policies, practices, and procedures across multiple units and levels.
True False
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Becoming world-class means merely striving to improve.
True False
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The anti-lock braking system is a desired feature that can provide automobiles a significant competitive edge. However, it is not used uniformly by every automobile company. Thus, this technology is best grouped under ________ technologies.
Multiple Choice
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Technology trading speeds the learning curve.
True False
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________ compares an organization's practices and technologies with those of other companies.
Multiple Choice
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________ is a process by which a product, service, or business model takes root initially in simple applications and then moves "up market," eventually displacing established competitors.
Multiple Choice
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Even though ________ technologies have yet to prove their full value, they have the potential to alter the rules of competition.
Multiple Choice
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Without a demand for technology, there is no reason for technological innovation to occur.
True False
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________ is the tendency of managers to miss the significance of disruptive changes because they are focused on investing in and making incremental improvements to their core profitable businesses.
Multiple Choice
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Benchmarking and scanning are sufficient to stay ahead of the innovation curve.
True False
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________ technologies are still under development, and managers might not want to invest in them until they have been developed more fully.
Multiple Choice
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Organizations that operate closer to the cutting edge of a technology rely more on ________ and less on benchmarking what is already being practiced elsewhere.
Multiple Choice
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________ seeks new technologies by reading cutting-edge research journals and attending conferences and seminars.
Multiple Choice
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To assist managers in understanding their current technology base, a(n) ________ helps clarify which technologies the organization most depends upon.
Multiple Choice
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