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

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Cross-border bank transfers are not likely to adopt bitcoin since these functions are already electronic and highly automated.

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Getting rid of card companies cuts out ____________, which can top 3 percent. Overstock.com was one of the first large online retailers to accept bitcoin.

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Firms may want to use ARM chips because they draw less power than Intel chips.

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What are the characteristics of disruptive technologies? Give an example of disruptive technology.

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Those early customers for a disruptive technology are part of a different "___________________" than anything addressed by incumbent market leaders.

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An option is a right and an obligation to make an investment.

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Why do big firms fail to see disruptive technologies as a threat?

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Like most open-source efforts, bitcoin was created by a consortium of for-profit corporations hoping to fuel adoption of a beneficial new standard.

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Bitcoin transctions are recorded in a public ledger known as the ____________.

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Why can't big firms simply wait until disruptive innovations prove themselves before they invest in these new areas?

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The acronym VoIP is considered by many to be a disruptive innovation. It refers to:

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Low-margin retailers are interested in bitcoin because it may allow the elimination of fees associated with credit card transactions.

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Incentives for U.S. consumer adoption of bitcoin are quite high.

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ARM provides logic in the majority of smartphones, including products by Apple and Samsung.

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ARM is one of the only firms, aside from Intel, that has scale allowing it to own and operate its own fabs.

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One way the package software firm, Intuit has approached the future and avoided disruptive innovation was to ______________.

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Intuit has avoided disruption in the shift away from packaged software by developing products that leverage cloud computing, some of which are initially provided for free.

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Disruptive technology is also called disruptive _____.

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