Exam 14: Appendix 4: Waves of Innovation and Predicting the Future

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The Railroad wave led to which type of organizational structure?

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Describe the methods to forecast the short term future.

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.Trend extrapolation-examine historical data and extrapolate out where it will lead
.Expert consensus - expert are polled in Delphi type approach
. Simulation methods - computer modeling
. Scenario building -development of worse case and best case scenario
- Decision trees . graphical representation of decisions and where they lead to you

The examination of cycles based on historical data is ____.

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During the first five waves of innovation what organizational structure developed at each stage? Briefly describe each structure.

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MRAM will be able to ____.

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Describe the methods to view the future over the immediate term - five to 10 years.

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A structure where an engineer reports to the manager of a project to build a new jet fighter and to the director of engineering would be referred to as a ____ structure.

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Which wave of innovation began in the early 1900's?

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Vanston proposed different methods to identify the future over the next five to 10 years. Which of the following is not a method to identify the future over this intermediate term?

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Schumpeter argued that ____ was the basic function of the entrepreneur in capitalistic societies.

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When did Schumpeter believe most innovations tended to accumulate?

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Which of these developments is not part of the motorization wave?

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Describe four of the six long waves of innovation and the new industrial sectors that developed at that time.

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What economist initially developed the understanding that capitalistic economies experience long wave cycles of forty to sixty years?

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