Management Leading Study Set 1
Business
Quiz 17 :
Managing Technology and Innovation
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If a new technology is theoretically possible but economically impractical, the technology will probably not emerge.
Free
True False
Answer:
Answer:
True
Explanation:
To be implemented technologically, scientific knowledge should be converted into practice in both engineering and economic terms. If we can theoretically do something but doing it is economically impractical, the technology cannot be expected to emerge.
The invention life cycle is a predictable pattern that technological innovation follows from its inception and development to market saturation and replacement.
Free
True False
Answer:
Answer:
False
Explanation:
It is technological innovation that typically follows a relatively predictable pattern from inception and development to market saturation and replacement. This pattern is called the technology life cycle.
A lack of enthusiasm for a new product among the technology adopters called innovators can be a sign that the new technology has serious problems.
Free
True False
Answer:
Answer:
True
Explanation:
The enthusiasm of innovator-adopters is no guarantee of success. But a lack of enthusiasm among this group is often a sign that the new technology has serious problems and more development is needed.
Unlike those who seek technology leadership, followers can gain a significant learning advantage that can be sustainable.
True False
Answer:
One approach for measuring the competitive value of technologies is to categorize them as emerging, pacing, key, and base.
True False
Answer:
Even firms that are not technology oriented must pay attention to changing technology.
True False
Answer:
Common ways of acquiring new technology include internal development, purchase, and licensing.
True False
Answer:
If a product champion lacks the power and financial resources to initiate innovations alone, he or she seeks sponsorship from an executive champion.
True False
Answer:
Development projects are focused on marketing existing products or processes through mass media and social media.
True False
Answer:
Broadly speaking, _____ can be thought of as the commercialization of science.
Multiple Choice
Answer:
In the context of managing, _____ is a new way of working that creates value.
Multiple Choice
Answer:
Adopters of new technologies who are classified as _____ are typically adventurous and willing to take risks.
Multiple Choice
Answer:
Carly's company is considering adopting a new information technology. Because the information technology managers of the company are not yet familiar with the technology, they would most likely consult with someone from which of the following groups to help determine the suitability of technology?
Multiple Choice
Answer:
Which of the following is a first-mover advantage for a technology innovator?
Multiple Choice
Answer:
Jake has to decide whether it's the right time to adopt a new technology for his department. Besides considering the potential benefits of the new technology, which of the following factors should have the most influence on his decision?
Multiple Choice
Answer:
Which of the following will best help an organization decide if the time is right to adopt a new technology?
Multiple Choice
Answer:
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