Exam 12: Technology-Based Industries and the Management of Innovation

The examples of xerography, jet engines, mathematics of fuzzy logic, and MP3 format illustrate that:

Codifiable knowledge is that which can be written down

A self-fulfilling prophecy is:

In fast changing industries, firms have to maintain market share, efficiency, and simultaneously commit to new technologies and standards for their future. How can they achieve this?

Monsanto's Nutrasweet artificial sweetener, Pzifer's Viagra, and Pilkington's float glass process are examples of:

The distinction between codifiable and tacit knowledge is important in relation to property rights protection because:

"Creative abrasion" is a concept used to describe:

Invention is the commercialization of new products and services

The value created by an innovation is:

Standards wars tend to take place:

Computer, telephone, search engines and wedding organizations, are examples of industries where the following strong phenomenon is at work:

All resources and capabilities needed to support the development of innovations and bring them to market are the "complementary resources"

Technology and innovation can be used to build competitive advantages

When reliable forecasting is not available, managing risk can be implemented through:

'Freedom to design' means two firms legally having access to use each other's patents through a cross licensing agreement

Reputation, brand name, intellectual property rights, and control over an installed base of customers are examples of:

Network externalities are critical phenomena because:

The choice of a strategy to exploit innovation depends on two factors:

The time it will take followers to catch up is called "Catch-up lead time"

The appropriation of returns to innovation depends largely on the ability to establish property rights in the innovation