Question 1

The technical innovator is the person who promotes a new technology throughout the organization in an effort to obtain acceptance of and support for it.

Accepted Answer

A) True 
 B)False  False

Question 2

The systematic application of scientific knowledge to a new product, process, or service is called

Accepted Answer

A)  Planning. 
B)  Organizing. 
C)  Technology. 
D)  Controlling. 
E)  Management. 
A)  Planning. 
B)  Organizing. 
C)  Technology. 
D)  Controlling. 
E)  Management. C

Question 3

Technology can help an organization produce new products and streamline its processes, but because it is easily copied, technology is of little use in providing a competitive advantage.

Accepted Answer

A) True 
 B)False  False

Question 4

Discuss the technology life cycle. Include in your discussion the five groups of adopters.

Accepted Answer

The technology life cycle refers to the

Question 5

The exploding growth in piracy or fakery of patented pharmaceuticals, software, and other products has added new barriers to economic viability.

Accepted Answer

A) True 
 B)False

Question 6

If a product champion lacks the power and financial resources to initiate innovations alone, he or she may seek an executive champion.

Accepted Answer

A) True 
 B)False

Question 7

Which of the following describes a technical innovator?

Accepted Answer

A)  Has the status, authority, and resources to support an innovation. 
B)  Promotes an idea throughout the organization. 
C)  Develops a new technology. 
D)  Coordinates the technological efforts of various business units. 
E)  Assesses technological implications. 
A)  Has the status, authority, and resources to support an innovation. 
B)  Promotes an idea throughout the organization. 
C)  Develops a new technology. 
D)  Coordinates the technological efforts of various business units. 
E)  Assesses technological implications.

Question 8

When two or more companies jointly pursue specific new technology development by bringing together diverse skills and resources,

Accepted Answer

A)  Antitrust regulations have been violated. 
B)  A competitive advantage has been realized. 
C)  Technology trading has occurred. 
D)  A research partnership has been formed. 
E)  Licensing is required. 
A)  Antitrust regulations have been violated. 
B)  A competitive advantage has been realized. 
C)  Technology trading has occurred. 
D)  A research partnership has been formed. 
E)  Licensing is required.

Question 9

Which of these technologies are still under development and thus are unproved?

Accepted Answer

A)  Base technologies. 
B)  Emerging technologies. 
C)  Key technologies. 
D)  Initial technologies. 
E)  Pacing technologies. 
A)  Base technologies. 
B)  Emerging technologies. 
C)  Key technologies. 
D)  Initial technologies. 
E)  Pacing technologies.

Question 10

An executive who supports a new technology and protects the product champion of the innovation is a(n)

Accepted Answer

A)  Technical innovator. 
B)  Technology defender. 
C)  Executive champion. 
D)  Personnel champion. 
E)  Technology officer. 
A)  Technical innovator. 
B)  Technology defender. 
C)  Executive champion. 
D)  Personnel champion. 
E)  Technology officer.

Question 11

Often isolated and highly conservative in their views, ______ are extremely suspicious of innovation and change.

Accepted Answer

A)  laggards 
B)  early adopters 
C)  innovators 
D)  early majority 
E)  late majority 
A)  laggards 
B)  early adopters 
C)  innovators 
D)  early majority 
E)  late majority

Question 12

Calliope Design carefully watches the actions of its most innovative competitors and learns from them. Calliope is most likely following a low-cost strategy by

Accepted Answer

A)  Making subtle changes to the product, thereby avoiding patent restrictions. 
B)  Producing an imitation of the new technology that utilizes lower-quality and lower-cost materials. 
C)  Avoiding the costs and risks of technology leadership. 
D)  Mass-producing products that have an established market niche. 
E)  Based on the information in the question, Calliope would not be able to follow a low-cost strategy. 
A)  Making subtle changes to the product, thereby avoiding patent restrictions. 
B)  Producing an imitation of the new technology that utilizes lower-quality and lower-cost materials. 
C)  Avoiding the costs and risks of technology leadership. 
D)  Mass-producing products that have an established market niche. 
E)  Based on the information in the question, Calliope would not be able to follow a low-cost strategy.

Question 13

Scanning is

Accepted Answer

A)  Comparing an organization's practices and technologies with those of other companies. 
B)  Focused on current activities and technologies. 
C)  Focused on what can be done and what is being developed. 
D)  Comparing the competitive advantages of two companies. 
E)  Clarifying the key technologies on which an organization depends. 
A)  Comparing an organization's practices and technologies with those of other companies. 
B)  Focused on current activities and technologies. 
C)  Focused on what can be done and what is being developed. 
D)  Comparing the competitive advantages of two companies. 
E)  Clarifying the key technologies on which an organization depends.

Question 14

A technology life cycle can be made up of many individual product life cycles.

Accepted Answer

A) True 
 B)False

Question 15

For which of the following reasons might a firm choose to trade technology?

Accepted Answer

A)  For proprietary ownership. 
B)  Cost efficiencies. 
C)  To build barriers to entry. 
D)  To gain competitive advantage. 
E)  To enhance product differentiation. 
A)  For proprietary ownership. 
B)  Cost efficiencies. 
C)  To build barriers to entry. 
D)  To gain competitive advantage. 
E)  To enhance product differentiation.

Question 16

A predictable pattern followed by a technological innovation starting from its inception and development to market saturation and replacement is called a(n)

Accepted Answer

A)  Organizational development pattern. 
B)  Process innovation pattern. 
C)  Technology life cycle. 
D)  Product innovation graph. 
E)  Product development map. 
A)  Organizational development pattern. 
B)  Process innovation pattern. 
C)  Technology life cycle. 
D)  Product innovation graph. 
E)  Product development map.

Question 17

___________ is a change in method or technology, a useful departure from previous ways of doing things.

Accepted Answer

A)  Innovation 
B)  Technology 
C)  Process 
D)  Invention 
E)  Discovery 
A)  Innovation 
B)  Technology 
C)  Process 
D)  Invention 
E)  Discovery

Question 18

One advantage of technology leadership is a first-mover advantage.

Accepted Answer

A) True 
 B)False

Question 19

Which group of adopters of a new technology includes well-respected opinion leaders to which others look for ideas and up-to-date technological information?

Accepted Answer

A)  Early adopters. 
B)  Late majority. 
C)  Innovators. 
D)  Early majority. 
E)  Laggards. 
A)  Early adopters. 
B)  Late majority. 
C)  Innovators. 
D)  Early majority. 
E)  Laggards.

Question 20

If a new technology is theoretically possible but not practical economically, the technology will probably not emerge.

Accepted Answer

A) True 
 B)False

The technical innovator is the person who promotes a new technology throughout the organization in an effort to obtain acceptance of and support for it.

The systematic application of scientific knowledge to a new product, process, or service is called

Technology can help an organization produce new products and streamline its processes, but because it is easily copied, technology is of little use in providing a competitive advantage.

Discuss the technology life cycle. Include in your discussion the five groups of adopters.

The exploding growth in piracy or fakery of patented pharmaceuticals, software, and other products has added new barriers to economic viability.

If a product champion lacks the power and financial resources to initiate innovations alone, he or she may seek an executive champion.

Which of the following describes a technical innovator?

When two or more companies jointly pursue specific new technology development by bringing together diverse skills and resources,

Which of these technologies are still under development and thus are unproved?

An executive who supports a new technology and protects the product champion of the innovation is a(n)

Often isolated and highly conservative in their views, ______ are extremely suspicious of innovation and change.

Calliope Design carefully watches the actions of its most innovative competitors and learns from them. Calliope is most likely following a low-cost strategy by

Scanning is

A technology life cycle can be made up of many individual product life cycles.

For which of the following reasons might a firm choose to trade technology?

A predictable pattern followed by a technological innovation starting from its inception and development to market saturation and replacement is called a(n)

___________ is a change in method or technology, a useful departure from previous ways of doing things.

One advantage of technology leadership is a first-mover advantage.

Which group of adopters of a new technology includes well-respected opinion leaders to which others look for ideas and up-to-date technological information?

If a new technology is theoretically possible but not practical economically, the technology will probably not emerge.

Managing and Performing

The External and Internal Environments

Managerial Decision Making

Planning and Strategic Management

Ethics, Corporate Responsibility, and Sustainability

International Management

Entrepreneurship

Organization Structure

Organizational Agility

Human Resources Management

Managing the Diverse Workforce

Leadership

Motivating for Performance

Teamwork

Communicating

Managerial Control

Creating and Leading Change

Filters

Exam 17: Managing Technology and Innovation

The technical innovator is the person who promotes a new technology throughout the organization in an effort to obtain acceptance of and support for it.

The systematic application of scientific knowledge to a new product, process, or service is called

Technology can help an organization produce new products and streamline its processes, but because it is easily copied, technology is of little use in providing a competitive advantage.

Discuss the technology life cycle. Include in your discussion the five groups of adopters.

The exploding growth in piracy or fakery of patented pharmaceuticals, software, and other products has added new barriers to economic viability.

If a product champion lacks the power and financial resources to initiate innovations alone, he or she may seek an executive champion.

Which of the following describes a technical innovator?

When two or more companies jointly pursue specific new technology development by bringing together diverse skills and resources,

Which of these technologies are still under development and thus are unproved?

An executive who supports a new technology and protects the product champion of the innovation is a(n)

Often isolated and highly conservative in their views, ______ are extremely suspicious of innovation and change.

Calliope Design carefully watches the actions of its most innovative competitors and learns from them. Calliope is most likely following a low-cost strategy by

Scanning is

A technology life cycle can be made up of many individual product life cycles.

For which of the following reasons might a firm choose to trade technology?

A predictable pattern followed by a technological innovation starting from its inception and development to market saturation and replacement is called a(n)

___________ is a change in method or technology, a useful departure from previous ways of doing things.

One advantage of technology leadership is a first-mover advantage.

Which group of adopters of a new technology includes well-respected opinion leaders to which others look for ideas and up-to-date technological information?

If a new technology is theoretically possible but not practical economically, the technology will probably not emerge.

Managing and Performing

The External and Internal Environments

Managerial Decision Making

Planning and Strategic Management

Ethics, Corporate Responsibility, and Sustainability

International Management

Entrepreneurship

Organization Structure

Organizational Agility

Human Resources Management

Managing the Diverse Workforce

Leadership

Motivating for Performance

Teamwork

Communicating

Managerial Control

Creating and Leading Change

Filters