Question 1

The main advantage of licensing as a strategy to exploit innovation is

Accepted Answer

A) it requires little involvement in complementary resources by the innovator. 
B) it's a way to operate as a virtual company. 
C) it saves on costs, so is vastly more profitable for the innovator. 
D) it's always successful and highly profitable. 
A) it requires little involvement in complementary resources by the innovator. 
B) it's a way to operate as a virtual company. 
C) it saves on costs, so is vastly more profitable for the innovator. 
D) it's always successful and highly profitable.

Question 2

De facto standards suffer from the following weakness:

Accepted Answer

A) they are characterized by uncertainty. 
B) they tend to emerge slowly and / or haphazardly. 
C) they are characterized by high development costs. 
D) rivals may not accept them and fight against their adoption by the industry. 
A) they are characterized by uncertainty. 
B) they tend to emerge slowly and / or haphazardly. 
C) they are characterized by high development costs. 
D) rivals may not accept them and fight against their adoption by the industry.

Question 3

Regarding innovations, complementary resources are all the other things apart from the invention or idea necessary to achieve commercial success.

Accepted Answer

A) True 
 B)False

Question 4

When complementary resources are critical to the market success of an innovation,

Accepted Answer

A) the technical risks are relatively unimportant. 
B) the costs and risks are amplified. 
C) a larger firm with established complementary resources is better placed than a start-up. 
D) b and c. 
A) the technical risks are relatively unimportant. 
B) the costs and risks are amplified. 
C) a larger firm with established complementary resources is better placed than a start-up. 
D) b and c.

Question 5

The risk of failure of an innovation is a combination of technological risk and market risk.

Accepted Answer

A) True 
 B)False

Question 6

Network externalities arise NOT just when users are linked on a network but also when

Accepted Answer

A) much value is gained from compatibility with associated ancillary products and services. 
B) downstream costs of switching from a failed alternative candidate standard are high. 
C) there are clear price and availability advantages to buying the market leader's product. 
D) all of the above. 
A) much value is gained from compatibility with associated ancillary products and services. 
B) downstream costs of switching from a failed alternative candidate standard are high. 
C) there are clear price and availability advantages to buying the market leader's product. 
D) all of the above.

Question 7

In the past decade the impact of technology has

Accepted Answer

A) been limited to science-based industries. 
B) been limited to digital technologies. 
C) witnessed the pervasive influence of digital electronics technologies. 
D) overwhelmingly been social networking services. 
A) been limited to science-based industries. 
B) been limited to digital technologies. 
C) witnessed the pervasive influence of digital electronics technologies. 
D) overwhelmingly been social networking services.

The main advantage of licensing as a strategy to exploit innovation is

De facto standards suffer from the following weakness:

Regarding innovations, complementary resources are all the other things apart from the invention or idea necessary to achieve commercial success.

When complementary resources are critical to the market success of an innovation,

The risk of failure of an innovation is a combination of technological risk and market risk.

Network externalities arise NOT just when users are linked on a network but also when

In the past decade the impact of technology has

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

The main advantage of licensing as a strategy to exploit innovation is

De facto standards suffer from the following weakness:

Regarding innovations, complementary resources are all the other things apart from the invention or idea necessary to achieve commercial success.

When complementary resources are critical to the market success of an innovation,

The risk of failure of an innovation is a combination of technological risk and market risk.

Network externalities arise NOT just when users are linked on a network but also when

In the past decade the impact of technology has

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