Exam 17: Managing Technology and Innovation

The invention life cycle is a predictable pattern that is followed by a technological innovation from its inception and development to market saturation and replacement.

Bob's idea that Revved Up obtain the PharmCo vitamin blend suggests that he favors which method of acquiring technology?

The appropriate time for an organization to adopt technological innovations is when the costs and risks of switching to the technology are outweighed by the benefits.

The question an organization asks itself about whether to acquire new technology from an outside source or develop it itself involves what type of decision?

One advantage of developing technology within your own company is

Critical forces converge to create new technologies, including

An approach to job design that attempts to redesign tasks to optimize operation of a new technology while preserving employees' interpersonal relationships and other human aspects of the work is called a(n)

Explain the major benefits of a development project. Provide an example of a situation in which a development project might be turned into a source of competitive advantage.

A technology audit is the process of clarifying the key technologies upon which an organization depends.

In this scenario, Jerome is an example of

Which of the following is a primary factor in management's decisions on when to adopt a new technology?

______ suggests whether there is a good financial incentive for attempting a technological innovation.

In the scenario described here, assignment 3 is an example of

What makes technology leadership attractive for some companies is the potential for

Which of the following describes an executive champion?

________ technologies provide firms with little competitive advantage but are needed to ensure competence.

Which of the following is the first consideration in developing a strategy around technological innovation?

Gary's idea that Revved Up keep the process exclusive suggests that he favors which method of acquiring technology?

Name and explain at least five of the technology acquisition alternatives discussed in the text. For each, identify whether it is a "make" or "buy" decision.

In a traditional factory, compensation practices usually include