Question 1

Invention and innovation

Accepted Answer

A) are closely related, so the same ingredients to success are required for both. 
B) are related - but invention requires creativity whereas innovation requires subsequent cross functional collaboration. 
C) are best performed by a single, integrated team. 
D) are a cultural phenomenon which must be inculcated into the entire workforce. 
A) are closely related, so the same ingredients to success are required for both. 
B) are related - but invention requires creativity whereas innovation requires subsequent cross functional collaboration. 
C) are best performed by a single, integrated team. 
D) are a cultural phenomenon which must be inculcated into the entire workforce.

Question 2

Close co-operation with a major potential customer during innovation development is inadvisable, in case they copy the innovation themselves.

Accepted Answer

A) True 
 B)False

Question 3

The connection between invention and innovation is

Accepted Answer

A) they are exactly the same. 
B) they have nothing in common. 
C) innovation is the commercialisation of invention. 
D) largely a matter of personal opinion. 
A) they are exactly the same. 
B) they have nothing in common. 
C) innovation is the commercialisation of invention. 
D) largely a matter of personal opinion.

Question 4

Public versus private standards are respectively

Accepted Answer

A) standards set by public firms vs. standards established by privately-owned companies. 
B) standards established by governments vs. standards set by companies. 
C) standards available for all organizations and industry players versus standards owned by firms or individuals. 
D) free standards versus standards users have to pay for. 
A) standards set by public firms vs. standards established by privately-owned companies. 
B) standards established by governments vs. standards set by companies. 
C) standards available for all organizations and industry players versus standards owned by firms or individuals. 
D) free standards versus standards users have to pay for.

Question 5

Network externalities are what cause technical standards to appear in industries where the important thing to a customer is how many other customers he is connected to.

Accepted Answer

A) True 
 B)False

Question 6

Complementary resources include

Accepted Answer

A) ancillary products. 
B) give-away promotional products such as free pens, mouse mats etc. 
C) bundled products. for example, for a pc, what software is included in the package. 
D) financial, production, sales and marketing resources needed to gain market success. 
A) ancillary products. 
B) give-away promotional products such as free pens, mouse mats etc. 
C) bundled products. for example, for a pc, what software is included in the package. 
D) financial, production, sales and marketing resources needed to gain market success.

Question 7

To win a standard war, a firm often needs to

Accepted Answer

A) first identify the future standard and then assemble allies to win. 
B) share the value created by its technology with third parties. 
C) wait, and try to network and lobby the government authorities. 
D) increase marketing and advertising. 
A) first identify the future standard and then assemble allies to win. 
B) share the value created by its technology with third parties. 
C) wait, and try to network and lobby the government authorities. 
D) increase marketing and advertising.

Question 8

Regarding de facto standards, a "tipping point" is when

Accepted Answer

A) a certain threshold of market share is reached, beyond which it just keeps rising irreversibly. 
B) the market losers basically have to "tip" their excess product away. 
C) it's as though the market losers "tip" their market shares into the winners bag. 
D) customers finally realise who has the best product. 
A) a certain threshold of market share is reached, beyond which it just keeps rising irreversibly. 
B) the market losers basically have to "tip" their excess product away. 
C) it's as though the market losers "tip" their market shares into the winners bag. 
D) customers finally realise who has the best product.

Question 9

An innovation diffuses

Accepted Answer

A) mainly on the supply side. 
B) by industrial espionage and leaked information. 
C) through the purchase of products by customers and the imitation by competitors. 
D) b and c. 
A) mainly on the supply side. 
B) by industrial espionage and leaked information. 
C) through the purchase of products by customers and the imitation by competitors. 
D) b and c.

Question 10

A major constraint for start-up innovators is that they are unlikely to possess sufficient complementary resources for exploiting their innovation.

Accepted Answer

A) True 
 B)False

Question 11

Network externalities lead to positive feedback, so that products tend to rapidly coalesce to an industry standard.

Accepted Answer

A) True 
 B)False

Question 12

The most important standards in technology industries are interoperability standards.

Accepted Answer

A) True 
 B)False

Question 13

A classic example of network externalities, illustrating that the value of a product is a direct function of the number of users, is

Accepted Answer

A) fashion items. 
B) the automobile. 
C) the telephone. 
D) public transport, such as the train. 
A) fashion items. 
B) the automobile. 
C) the telephone. 
D) public transport, such as the train.

Question 14

Competitive advantage and technology are linked by

Accepted Answer

A) innovation. 
B) corporate culture. 
C) invention. 
D) organizational culture. 
A) innovation. 
B) corporate culture. 
C) invention. 
D) organizational culture.

Question 15

Property rights in innovation mainly include; patents, trademarks, and copyright.

Accepted Answer

A) True 
 B)False

Question 16

One major factor to first-mover advantage is how quickly and easily an innovation can be copied.

Accepted Answer

A) True 
 B)False

Question 17

The chief examples of property rights concerning innovations are

Accepted Answer

A) copyrights, patents, and trademarks. 
B) patents, goodwill, and trademarks. 
C) know-how, skills, and trade secrets. 
D) trademarks, copyrights, and tangible assets. 
A) copyrights, patents, and trademarks. 
B) patents, goodwill, and trademarks. 
C) know-how, skills, and trade secrets. 
D) trademarks, copyrights, and tangible assets.

Question 18

The potential to make a profit from an innovation is greatly enhanced if a rival would need 2 or 3 years to copy it.

Accepted Answer

A) True 
 B)False

Question 19

Where they exist, network externalities are critical phenomena because

Accepted Answer

A) they create positive feedback which often leads to a winner-takes-all situation. 
B) they create a winner-takes-all situation which is unfair from a competition standpoint. 
C) technological innovations tend to be resilient. 
D) governments are more and more concerned with supporting networks. 
A) they create positive feedback which often leads to a winner-takes-all situation. 
B) they create a winner-takes-all situation which is unfair from a competition standpoint. 
C) technological innovations tend to be resilient. 
D) governments are more and more concerned with supporting networks.

Question 20

Only digital technology is of interest outside of the science-based industries.

Accepted Answer

A) True 
 B)False

Invention and innovation

Close co-operation with a major potential customer during innovation development is inadvisable, in case they copy the innovation themselves.

The connection between invention and innovation is

Public versus private standards are respectively

Network externalities are what cause technical standards to appear in industries where the important thing to a customer is how many other customers he is connected to.

Complementary resources include

To win a standard war, a firm often needs to

Regarding de facto standards, a "tipping point" is when

An innovation diffuses

A major constraint for start-up innovators is that they are unlikely to possess sufficient complementary resources for exploiting their innovation.

Network externalities lead to positive feedback, so that products tend to rapidly coalesce to an industry standard.

The most important standards in technology industries are interoperability standards.

A classic example of network externalities, illustrating that the value of a product is a direct function of the number of users, is

Competitive advantage and technology are linked by

Property rights in innovation mainly include; patents, trademarks, and copyright.

One major factor to first-mover advantage is how quickly and easily an innovation can be copied.

The chief examples of property rights concerning innovations are

The potential to make a profit from an innovation is greatly enhanced if a rival would need 2 or 3 years to copy it.

Where they exist, network externalities are critical phenomena because

Only digital technology is of interest outside of the science-based industries.

The Concept of Stategy

Industry Analysis

Resources and Capabilities

The Nature and Sources of Competitive

Industry Evolution and Strategic Change

Corporate Stategy

Realizing Stategy

Global Strategies and the Multinational Corporation

Corporate Responsibility

Filters

Exam 6: Technology-Based Industries and the Management of Innovation

Invention and innovation

Close co-operation with a major potential customer during innovation development is inadvisable, in case they copy the innovation themselves.

The connection between invention and innovation is

Public versus private standards are respectively

Network externalities are what cause technical standards to appear in industries where the important thing to a customer is how many other customers he is connected to.

Complementary resources include

To win a standard war, a firm often needs to

Regarding de facto standards, a "tipping point" is when

An innovation diffuses

A major constraint for start-up innovators is that they are unlikely to possess sufficient complementary resources for exploiting their innovation.

Network externalities lead to positive feedback, so that products tend to rapidly coalesce to an industry standard.

The most important standards in technology industries are interoperability standards.

A classic example of network externalities, illustrating that the value of a product is a direct function of the number of users, is

Competitive advantage and technology are linked by

Property rights in innovation mainly include; patents, trademarks, and copyright.

One major factor to first-mover advantage is how quickly and easily an innovation can be copied.

The chief examples of property rights concerning innovations are

The potential to make a profit from an innovation is greatly enhanced if a rival would need 2 or 3 years to copy it.

Where they exist, network externalities are critical phenomena because

Only digital technology is of interest outside of the science-based industries.

The Concept of Stategy

Industry Analysis

Resources and Capabilities

The Nature and Sources of Competitive

Industry Evolution and Strategic Change

Corporate Stategy

Realizing Stategy

Global Strategies and the Multinational Corporation

Corporate Responsibility

Filters