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

Competitive advantage and technology are linked by:

Cross functional product development teams, product champions, and incubators are organizational devices used:

Advancing technology is an external force that:

There are two main strategies available to exploit innovation

How can a firm manage risks in technology-based industries?

Traditional management of firms does not seem to be "innovation-friendly". Is a new form of management required?

The "regime of appropriability" describes the conditions impacting the appropriation of returns to innovation

Public vs. private standards are respectively:

De facto standards suffer from the following weakness:

An innovation's complexity impacts:

A product innovation diffuses:

The degree of specialization of complementary resources affects:

Cooperation with lead users and flexibility are two illustrations of:

Emerging technologies are not more risky than existing technologies, because the path of history will bring them to the forefront

What role do complementary resources play with regard to innovation?

Firms innovate because they are looking for:

To stimulate creativity, a critical factor is allowing:

To determine the strength of an innovator's appropriation, four elements should be considered:

Lead-time refers to:

Being the leader in innovation is always the optimal strategy, much better than the follower strategy