Exam 6: Disruptive Technologies: Understanding the Giant Killers and Considerations for Avoiding Extinction

Yahoo!'s mobile team didn't have an executive champion to protect and nurture the team during the pioneering phase when financial results couldn't be realized. It couldn't show substantial results, so managers were reassigned. This is an example of:

Which of the following is a way to recognize potentially disruptive innovations?

Profit margins for disruptive innovations are usually worse than those for incumbent technologies.

Firms might not want to use ARM chips because they are incompatible with Intel chips.

Microsoft's purchase of Nokia to influence the mobile market was well worth the $7.2 billion price tag.

List the benefits of bitcoin along with possible markets for early adoption.

Many disruptive firms were started by former employees of the disrupted giants.

_____ is a right, but not the obligation to make an investment.

Firms that listen to existing customers and tailor offerings based on this input are far more likely to identify potentially disruptive technologies than those that experiment with products that existing customers do not demand.

As of 2017, bitcoin's highest daily transaction volume was approximately_____________. a. 336 b. 36,000 c. 3.6 million d. 336,000 e. none of the above

Bitcoin transactions are recorded in a public ledger known as the bitcoin wallet.

Chips based on designs from the firm ___________________ dominate the market for smartphones, but they are not compatible with the most popular instruction set used in Intel's desktop and laptop chips. They do, however, draw far less power than Intel chips.

List and briefly discuss current concerns that are limiting the adoption of bitcoin. While international remittance customers and those otherwise left out of the banking and credit card system can see immediate benefit from bitcoin, most of the population isn't impacted by this market. Bitcoin is tech that offers little benefit Bitcoin also has a , since it is a currency favored by the online underworld and was created by a mysterious, unknown entity referred to as Satoshi Nakamoto. also pose a problem. High profile hacks, such as the Mt. Gox breach, create a public perception that bitcoin is unsafe. Government regulations also remain uncertain in many regions of the world. The currency is highly volatile, fluctuating wildly in relation to major world currencies. The initial bitcoin support network does not allow for anywhere near the transaction volume of competing systems like global credit card networks.

Disruptive innovations don't need to perform better than incumbents they simply need to perform well enough to appeal to their customers (and often do so at a lower price).

Facebook was famously late to the mobile revolution and felt forced to make billion and multi-billion purchases for __________________ and ___________________, even as SnapChat rises as a threatening rival.

Individuals known as ____________ participate in verifying and maintaining transactions and are occasionally awarded for their efforts through the receipt of bitcoins.

Identifying and nurturing potentially disruptive technologies requires constant vigilance and relentless and broad environmental scanning.

Big firms fail to see disruptive innovations as a threat because:

Which of the following is true of disruptive technologies?

At the dawn of commercial mobile phone technology AT&T hired storied consulting firm McKinsey & Company to forecast US cellphone use.