Question 1

Turnaround means ____.

Accepted Answer

A)  the firm is successful in introducing a new product 
B)  the firm moves up the industry rankings 
C)  the firm develops a knowledge base 
D)  the firm is now able to compete in a hypercompetive market 
E)  the reversal of a pattern of decline 
A)  the firm is successful in introducing a new product 
B)  the firm moves up the industry rankings 
C)  the firm develops a knowledge base 
D)  the firm is now able to compete in a hypercompetive market 
E)  the reversal of a pattern of decline

Question 2

Industry structure and internal resources are two distinct views of what generates the creation of value for a firm.

Accepted Answer

A) True 
 B)False

Question 3

What are the ways and means for setting industry standards?

Accepted Answer

. industry standards may be set by indus

Question 4

Individuals must pick either a resource view or an industrial organization view to understand the creation of value in a firm since the views are not compatible with each other.

Accepted Answer

A) True 
 B)False

Question 5

Retrenchment is associated with the ____.

Accepted Answer

A)  the ability to cut the operating costs of a firm 
B)  the ability to develop a new knowledge base 
C)  the ability reverse the innovation lead of a competitor 
D)  the benchmarking of activities of competitors in the same industry 
E)  the benchmarking of activities of leaders in different processes 
A)  the ability to cut the operating costs of a firm 
B)  the ability to develop a new knowledge base 
C)  the ability reverse the innovation lead of a competitor 
D)  the benchmarking of activities of competitors in the same industry 
E)  the benchmarking of activities of leaders in different processes

Question 6

In a hypercompetitive environment a competitive advantage is easier to maintain because industry growth is so fast.

Accepted Answer

A) True 
 B)False

Question 7

To increase the capabilities of the firm:

Accepted Answer

A)  The lessons for the future must be captured and documented 
B)  Human skill and knowledge must be more closely linked to technological complexity 
C)  Managers of the firm must make the decision to increase capabilities 
D)  There must be an "ah-ha" moment of discovery 
E)  Increasing capabilities is difficult to do and no one knows how that can be accomplished 
A)  The lessons for the future must be captured and documented 
B)  Human skill and knowledge must be more closely linked to technological complexity 
C)  Managers of the firm must make the decision to increase capabilities 
D)  There must be an "ah-ha" moment of discovery 
E)  Increasing capabilities is difficult to do and no one knows how that can be accomplished

Question 8

When a company is developing its capabilities, it should do all of the following except:

Accepted Answer

A)  Develop a clear strategic logic for processing information and sharing knowledge 
B)  Put into place the appropriate structures and processes for technical and nontechnical activities 
C)  Motivate employees to take advantage of capabilities 
D)  Make sure the structure of the organization is hierarchical and well-defined 
E)  Allow resources to be captured by the right people at the right place at the right time to make a competitive difference 
A)  Develop a clear strategic logic for processing information and sharing knowledge 
B)  Put into place the appropriate structures and processes for technical and nontechnical activities 
C)  Motivate employees to take advantage of capabilities 
D)  Make sure the structure of the organization is hierarchical and well-defined 
E)  Allow resources to be captured by the right people at the right place at the right time to make a competitive difference

Question 9

Which of the following industries is described in the text as hypercompetitive?

Accepted Answer

A)  Cell phones 
B)  Ulcer medications 
C)  Wood processing machinery 
D)  Heart medications 
E)  Automobiles 
A)  Cell phones 
B)  Ulcer medications 
C)  Wood processing machinery 
D)  Heart medications 
E)  Automobiles

Question 10

Value creation in a firm is something that ____.

Accepted Answer

A)  is achieved only late in its life cycle 
B)  is a goal but not a necessity 
C)  is a mindset 
D)  is achieved only after moving to a functional structure 
E)  is progression throughout the firm 
A)  is achieved only late in its life cycle 
B)  is a goal but not a necessity 
C)  is a mindset 
D)  is achieved only after moving to a functional structure 
E)  is progression throughout the firm

Question 11

Discuss how technology and innovation focused firms gain competitive advantage.

Accepted Answer

. technological complexity
.ca

Question 12

For technology and innovation focused firms their competitive advantage is a function of all of the following except ____.

Accepted Answer

A)  technological complexity 
B)  capabilities of the organization such as human skill 
C)  capabilities of the organization such as knowledge 
D)  the location of the firm in a cluster of excellence 
E)  ability of the firm to learn from its activities 
A)  technological complexity 
B)  capabilities of the organization such as human skill 
C)  capabilities of the organization such as knowledge 
D)  the location of the firm in a cluster of excellence 
E)  ability of the firm to learn from its activities

Question 13

The result of a competitive advantage should focus on ____.

Accepted Answer

A)  obtaining excessive rewards from market 
B)  creation of value for firm 
C)  creation of value for consumers 
D)  obtaining profits 
E)  expanded job opportunities 
A)  obtaining excessive rewards from market 
B)  creation of value for firm 
C)  creation of value for consumers 
D)  obtaining profits 
E)  expanded job opportunities

Question 14

Contrast the resource view of competitive success and the industrial organization view.

Accepted Answer

.industrial view was presented in the fi

Question 15

For technology oriented firms, it is important for managers to understand that value must be:

Accepted Answer

A)  the result of customer expectations 
B)  customer driven 
C)  added to the product through any means possible 
D)  closely tied to profitability 
E)  maintained by the employees 
A)  the result of customer expectations 
B)  customer driven 
C)  added to the product through any means possible 
D)  closely tied to profitability 
E)  maintained by the employees

Question 16

Each of the following is a key resource for intrapreneurship except ____.

Accepted Answer

A)  entrepreneurial mindset 
B)  hypercompetitive environment 
C)  external network 
D)  human resources 
E)  economic goals 
A)  entrepreneurial mindset 
B)  hypercompetitive environment 
C)  external network 
D)  human resources 
E)  economic goals

Question 17

All of the following are strategic capabilities that a firm needs for success except ____.

Accepted Answer

A)  leadership 
B)  a culture of support 
C)  appropriate industry structure 
D)  an organizational structure that fits with goals 
E)  skills necessary to implement given strategy 
A)  leadership 
B)  a culture of support 
C)  appropriate industry structure 
D)  an organizational structure that fits with goals 
E)  skills necessary to implement given strategy

Turnaround means ____.

Industry structure and internal resources are two distinct views of what generates the creation of value for a firm.

What are the ways and means for setting industry standards?

Individuals must pick either a resource view or an industrial organization view to understand the creation of value in a firm since the views are not compatible with each other.

Retrenchment is associated with the ____.

In a hypercompetitive environment a competitive advantage is easier to maintain because industry growth is so fast.

To increase the capabilities of the firm:

When a company is developing its capabilities, it should do all of the following except:

Which of the following industries is described in the text as hypercompetitive?

Value creation in a firm is something that ____.

Discuss how technology and innovation focused firms gain competitive advantage.

For technology and innovation focused firms their competitive advantage is a function of all of the following except ____.

The result of a competitive advantage should focus on ____.

Contrast the resource view of competitive success and the industrial organization view.

For technology oriented firms, it is important for managers to understand that value must be:

Each of the following is a key resource for intrapreneurship except ____.

All of the following are strategic capabilities that a firm needs for success except ____.

Management of Technology and Innovation: an Overview

Strategy Process and the Management of Technology and Innovation

Innovation: Planning

Internal Innovation: Implementation

Innovation: Evaluation and Control

Obtaining Technology: Planning

Obtaining Technology: Implementation

Obtaining Technology: Evaluation and Control

Organizational Learning and Knowledge Management

Appendix 1: Social Responsibility and the Management of Technology and Innovation

Appendix 2: Innovation: Project Management and New Product Development

Appendix 3: Managing Platforms and Portfolios of Technology

Appendix 4: Waves of Innovation and Predicting the Future

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Exam 9: Building Capabilities for Mti Success

Turnaround means ____.

Industry structure and internal resources are two distinct views of what generates the creation of value for a firm.

What are the ways and means for setting industry standards?

Individuals must pick either a resource view or an industrial organization view to understand the creation of value in a firm since the views are not compatible with each other.

Retrenchment is associated with the ____.

In a hypercompetitive environment a competitive advantage is easier to maintain because industry growth is so fast.

To increase the capabilities of the firm:

When a company is developing its capabilities, it should do all of the following except:

Which of the following industries is described in the text as hypercompetitive?

Value creation in a firm is something that ____.

Discuss how technology and innovation focused firms gain competitive advantage.

For technology and innovation focused firms their competitive advantage is a function of all of the following except ____.

The result of a competitive advantage should focus on ____.

Contrast the resource view of competitive success and the industrial organization view.

For technology oriented firms, it is important for managers to understand that value must be:

Each of the following is a key resource for intrapreneurship except ____.

All of the following are strategic capabilities that a firm needs for success except ____.

Management of Technology and Innovation: an Overview

Strategy Process and the Management of Technology and Innovation

Innovation: Planning

Internal Innovation: Implementation

Innovation: Evaluation and Control

Obtaining Technology: Planning

Obtaining Technology: Implementation

Obtaining Technology: Evaluation and Control

Organizational Learning and Knowledge Management

Appendix 1: Social Responsibility and the Management of Technology and Innovation

Appendix 2: Innovation: Project Management and New Product Development

Appendix 3: Managing Platforms and Portfolios of Technology

Appendix 4: Waves of Innovation and Predicting the Future

Filters