Question 1

Most development projects benefit from having lengthy time horizons and high levels of resources devoted to them.

Accepted Answer

A) True 
 B)False

Question 2

In developing a strategy for technological innovation, the first consideration that should be addressed is market potential.

Accepted Answer

A) True 
 B)False

Question 3

Identify and discuss the four categories of technology and the competitive value of each. Provide an example of each technology type.

Accepted Answer

The four categories of technology are in

Question 4

Explain the two types of innovation and give examples of each.

Accepted Answer

The two types of innovation are incremen

Question 5

Analyzer firms have cultures that are the most outward-looking and opportunistic in their approach to technological innovation.

Accepted Answer

A) True 
 B)False

Question 6

In terms of technology culture, ________ firms' strategies are focused more on deepening their capacity base through complementary technologies that extend rather than replace their current ones, whereas hybrid _______ firms tends to grab a dominant position from their strengths in marketing and manufacturing rather than through technological innovation.

Accepted Answer

A)  defender; analyzer 
B)  laggard; defender 
C)  laggard; prospector 
D)  inexperienced; experienced 
E)  analyzer; prospector 
A)  defender; analyzer 
B)  laggard; defender 
C)  laggard; prospector 
D)  inexperienced; experienced 
E)  analyzer; prospector

Question 7

Japanese manufacturers' kaizen (continuous improvement) programs enable them to maintain

Accepted Answer

A)  Strategic alliances. 
B)  A learning advantage over their competition. 
C)  Larger, faster facilities. 
D)  Positive working relationships with all employees. 
E)  A homogeneous workforce. 
A)  Strategic alliances. 
B)  A learning advantage over their competition. 
C)  Larger, faster facilities. 
D)  Positive working relationships with all employees. 
E)  A homogeneous workforce.

Question 8

Natalie has developed and patented a new process for recycling discarded tires. A multinational corporation has expressed an interest in buying her company in order to gain access to the technology and keep it exclusively for itself. Should Natalie sell her company, the buyer will have acquired technology via

Accepted Answer

A)  Acquisition of the technology owner. 
B)  A joint venture. 
C)  A licensing agreement. 
D)  Contracted development. 
E)  Purchase. 
A)  Acquisition of the technology owner. 
B)  A joint venture. 
C)  A licensing agreement. 
D)  Contracted development. 
E)  Purchase.

Question 9

Even firms that are not technology-oriented must pay attention to changing technology.

Accepted Answer

A) True 
 B)False

Question 10

The technology life cycle begins with

Accepted Answer

A)  The bringing together of resources and entrepreneurial initiative. 
B)  Refinement and evolution of a new technology. 
C)  Recognition of a need coupled with potential to satisfy that need through science or knowledge. 
D)  The decline in usefulness or practicality of a competing product, process, or service. 
E)  Recognition that a new technology is economically practical. 
A)  The bringing together of resources and entrepreneurial initiative. 
B)  Refinement and evolution of a new technology. 
C)  Recognition of a need coupled with potential to satisfy that need through science or knowledge. 
D)  The decline in usefulness or practicality of a competing product, process, or service. 
E)  Recognition that a new technology is economically practical.

Question 11

The three fundamental types of innovation are

Accepted Answer

A)  Process innovations, business model innovations, and scientific technologies. 
B)  Product innovations, business model innovations, and efficiency mechanisms. 
C)  Process innovations, business model innovations, and product innovations. 
D)  Scientific technologies, product technologies, and product innovations. 
E)  Scientific technologies, product technologies, and efficiency mechanisms. 
A)  Process innovations, business model innovations, and scientific technologies. 
B)  Product innovations, business model innovations, and efficiency mechanisms. 
C)  Process innovations, business model innovations, and product innovations. 
D)  Scientific technologies, product technologies, and product innovations. 
E)  Scientific technologies, product technologies, and efficiency mechanisms.

Question 12

Which of the following describes a product champion?

Accepted Answer

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

Question 13

Even rival organizations may use technology trading to acquire new technology.

Accepted Answer

A) True 
 B)False

Question 14

The makers of generic drugs use a technology followership strategy.

Accepted Answer

A) True 
 B)False

Question 15

Technology is embedded in every product, service, and procedure used or produced.

Accepted Answer

A) True 
 B)False

Question 16

A CIO personally trains individual employees how to efficiently operate a company's information system.

Accepted Answer

A) True 
 B)False

Question 17

When adoption of a new technology requires the redesign of jobs and the redesign optimizes the social and technical efficiency of work, the design is referred to as a(n) ________ approach.

Accepted Answer

A)  sociotechnical system 
B)  structural system 
C)  technology-oriented system 
D)  remodeling system 
E)  ergonomic 
A)  sociotechnical system 
B)  structural system 
C)  technology-oriented system 
D)  remodeling system 
E)  ergonomic

Question 18

Describe several advantages and disadvantages of technology leadership.

Accepted Answer

Advantages of technology leadership incl

Question 19

Benchmarking is the process of advancing the organization's use of technology over time.

Accepted Answer

A) True 
 B)False

Question 20

During the development of a new technology, ________ products may be introduced that make the main technology more useful.

Accepted Answer

A)  accessory 
B)  auditing 
C)  benchmarking 
D)  dynamic 
E)  complementary 
A)  accessory 
B)  auditing 
C)  benchmarking 
D)  dynamic 
E)  complementary

Most development projects benefit from having lengthy time horizons and high levels of resources devoted to them.

In developing a strategy for technological innovation, the first consideration that should be addressed is market potential.

Identify and discuss the four categories of technology and the competitive value of each. Provide an example of each technology type.

Explain the two types of innovation and give examples of each.

Analyzer firms have cultures that are the most outward-looking and opportunistic in their approach to technological innovation.

Japanese manufacturers' kaizen (continuous improvement) programs enable them to maintain

Even firms that are not technology-oriented must pay attention to changing technology.

The technology life cycle begins with

The three fundamental types of innovation are

Which of the following describes a product champion?

Even rival organizations may use technology trading to acquire new technology.

The makers of generic drugs use a technology followership strategy.

Technology is embedded in every product, service, and procedure used or produced.

A CIO personally trains individual employees how to efficiently operate a company's information system.

When adoption of a new technology requires the redesign of jobs and the redesign optimizes the social and technical efficiency of work, the design is referred to as a(n) ________ approach.

Describe several advantages and disadvantages of technology leadership.

Benchmarking is the process of advancing the organization's use of technology over time.

During the development of a new technology, ________ products may be introduced that make the main technology more useful.

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

Most development projects benefit from having lengthy time horizons and high levels of resources devoted to them.

In developing a strategy for technological innovation, the first consideration that should be addressed is market potential.

Identify and discuss the four categories of technology and the competitive value of each. Provide an example of each technology type.

Explain the two types of innovation and give examples of each.

Analyzer firms have cultures that are the most outward-looking and opportunistic in their approach to technological innovation.

Japanese manufacturers' kaizen (continuous improvement) programs enable them to maintain

Even firms that are not technology-oriented must pay attention to changing technology.

The technology life cycle begins with

The three fundamental types of innovation are

Which of the following describes a product champion?

Even rival organizations may use technology trading to acquire new technology.

The makers of generic drugs use a technology followership strategy.

Technology is embedded in every product, service, and procedure used or produced.

A CIO personally trains individual employees how to efficiently operate a company's information system.

When adoption of a new technology requires the redesign of jobs and the redesign optimizes the social and technical efficiency of work, the design is referred to as a(n) ________ approach.

Describe several advantages and disadvantages of technology leadership.

Benchmarking is the process of advancing the organization's use of technology over time.

During the development of a new technology, ________ products may be introduced that make the main technology more useful.

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