Question 1

Being the first to develop or adopt a new technology is a risk-free path to immediate advantage and high profits.

Accepted Answer

A) True 
 B)False

Question 2

The text states that a technology life cycle typically is made up of many individual product life cycles. Explain this statement. Within your explanation, provide an example of such a technology.

Accepted Answer

The statement that a technology life cyc

Question 3

The majority of scientific innovations originate at universities.

Accepted Answer

A) True 
 B)False

Question 4

Technology leadership is used to support a differentiation strategy, while technology followership is limited to supporting a low-cost strategy.

Accepted Answer

A) True 
 B)False

Question 5

In this scenario, Saul is an example of

Accepted Answer

A)  A laggard. 
B)  The late majority. 
C)  The early majority. 
D)  An early adopter. 
E)  An innovator. 
A)  A laggard. 
B)  The late majority. 
C)  The early majority. 
D)  An early adopter. 
E)  An innovator.

Question 6

Innovation is most effectively pursued in organizations that

Accepted Answer

A)  Minimize bureaucracy. 
B)  Unleash creativity. 
C)  Implement development projects. 
D)  Use a sociotechnical systems approach. 
E)  Do all of these. 
A)  Minimize bureaucracy. 
B)  Unleash creativity. 
C)  Implement development projects. 
D)  Use a sociotechnical systems approach. 
E)  Do all of these.

Question 7

The process of comparing an organization's practices and technologies to those of other companies is known as

Accepted Answer

A)  Benchmarking. 
B)  Scanning. 
C)  Innovation. 
D)  Feasibility analysis. 
E)  Technology. 
A)  Benchmarking. 
B)  Scanning. 
C)  Innovation. 
D)  Feasibility analysis. 
E)  Technology.

Question 8

Discuss why economic viability must be considered when making technology decisions. Provide an example of a current idea or product and its economic viability.

Accepted Answer

The answer of Discuss why economic viability must be considered...

Question 9

Firms that are early adopters of new technologies tend to be more profitable.

Accepted Answer

A) True 
 B)False

Question 10

Unlike those who seek technology leadership, followers can gain a significant learning advantage that can be sustainable.

Accepted Answer

A) True 
 B)False

Question 11

In this scenario, your manager's role would be described as the

Accepted Answer

A)  Product champion. 
B)  Executive champion. 
C)  Advising inventor. 
D)  Technical innovator. 
E)  Technical adviser. 
A)  Product champion. 
B)  Executive champion. 
C)  Advising inventor. 
D)  Technical innovator. 
E)  Technical adviser.

Question 12

Security Tax prepares individual tax returns and has finally agreed (much to the dismay of the senior partners) to utilize the IRS system that enables the returns to be transmitted electronically rather than through the mail. Almost every other firm in the United States is utilizing the system, and it has proven to be reliable. Security agreed to use the new technology only after a number of key clients threatened to take their accounts elsewhere unless they could file their returns electronically. Security should be classified as

Accepted Answer

A)  An innovator. 
B)  An early adopter. 
C)  Part of the early majority. 
D)  Part of the late majority. 
E)  A laggard. 
A)  An innovator. 
B)  An early adopter. 
C)  Part of the early majority. 
D)  Part of the late majority. 
E)  A laggard.

Question 13

Which of the following is one of 3M's rules for an innovative corporate culture?

Accepted Answer

A)  Focus on the product. 
B)  Inspire entrepreneurship. 
C)  Set goals for revenue. 
D)  Encourage divisions to grow. 
E)  Tolerate failure. 
A)  Focus on the product. 
B)  Inspire entrepreneurship. 
C)  Set goals for revenue. 
D)  Encourage divisions to grow. 
E)  Tolerate failure.

Question 14

List and explain the six rules for an innovative corporate culture as developed by 3M.

Accepted Answer

3M, a global innovation company, has dev

Question 15

For most applications, word processing is considered a(n) ________ technology since it is viewed as a routine activity in most offices.

Accepted Answer

A)  base 
B)  emerging 
C)  nominal 
D)  key 
E)  pacing 
A)  base 
B)  emerging 
C)  nominal 
D)  key 
E)  pacing

Question 16

Metro Tax prepares individual tax returns and was among the first to utilize the IRS system that enabled the returns to be transmitted electronically rather than through the mail. Metro consulted on the project for the IRS with its developer and beta tested the product. It then provided a testimonial to support the system to others. Still, other tax preparation firms were hesitant to use the new system until it had proven itself reliable and considered use of the system during the first year to be somewhat risky. Metro should be classified as

Accepted Answer

A)  An innovator. 
B)  An early adopter. 
C)  Part of the early majority. 
D)  Part of the late majority. 
E)  A laggard. 
A)  An innovator. 
B)  An early adopter. 
C)  Part of the early majority. 
D)  Part of the late majority. 
E)  A laggard.

Question 17

Early adopters of new technologies tend to be

Accepted Answer

A)  Smaller, profitable, and generic companies. 
B)  Risk-averse and flexible individuals. 
C)  Less educated and unable to cope with uncertainty and abstraction. 
D)  Critical to the success of a new technology. 
E)  The most adventuresome and willing to take risks. 
A)  Smaller, profitable, and generic companies. 
B)  Risk-averse and flexible individuals. 
C)  Less educated and unable to cope with uncertainty and abstraction. 
D)  Critical to the success of a new technology. 
E)  The most adventuresome and willing to take risks.

Question 18

Because of today's quick-moving technological advances, technical obstacles are overcome easily and no longer represent a concern for managers.

Accepted Answer

A) True 
 B)False

Question 19

Among adopter categories for new technologies, innovators are adventurous and willing to take risks.

Accepted Answer

A) True 
 B)False

Question 20

There are several ways to acquire new technology including internal development, forced adoption, and licensing.

Accepted Answer

A) True 
 B)False

Being the first to develop or adopt a new technology is a risk-free path to immediate advantage and high profits.

The text states that a technology life cycle typically is made up of many individual product life cycles. Explain this statement. Within your explanation, provide an example of such a technology.

The majority of scientific innovations originate at universities.

Technology leadership is used to support a differentiation strategy, while technology followership is limited to supporting a low-cost strategy.

In this scenario, Saul is an example of

Innovation is most effectively pursued in organizations that

The process of comparing an organization's practices and technologies to those of other companies is known as

Discuss why economic viability must be considered when making technology decisions. Provide an example of a current idea or product and its economic viability.

Firms that are early adopters of new technologies tend to be more profitable.

Unlike those who seek technology leadership, followers can gain a significant learning advantage that can be sustainable.

In this scenario, your manager's role would be described as the

Which of the following is one of 3M's rules for an innovative corporate culture?

List and explain the six rules for an innovative corporate culture as developed by 3M.

For most applications, word processing is considered a(n) ________ technology since it is viewed as a routine activity in most offices.

Early adopters of new technologies tend to be

Because of today's quick-moving technological advances, technical obstacles are overcome easily and no longer represent a concern for managers.

Among adopter categories for new technologies, innovators are adventurous and willing to take risks.

There are several ways to acquire new technology including internal development, forced adoption, and licensing.

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

Being the first to develop or adopt a new technology is a risk-free path to immediate advantage and high profits.

The text states that a technology life cycle typically is made up of many individual product life cycles. Explain this statement. Within your explanation, provide an example of such a technology.

The majority of scientific innovations originate at universities.

Technology leadership is used to support a differentiation strategy, while technology followership is limited to supporting a low-cost strategy.

In this scenario, Saul is an example of

Innovation is most effectively pursued in organizations that

The process of comparing an organization's practices and technologies to those of other companies is known as

Discuss why economic viability must be considered when making technology decisions. Provide an example of a current idea or product and its economic viability.

Firms that are early adopters of new technologies tend to be more profitable.

Unlike those who seek technology leadership, followers can gain a significant learning advantage that can be sustainable.

In this scenario, your manager's role would be described as the

Which of the following is one of 3M's rules for an innovative corporate culture?

List and explain the six rules for an innovative corporate culture as developed by 3M.

For most applications, word processing is considered a(n) ________ technology since it is viewed as a routine activity in most offices.

Early adopters of new technologies tend to be

Because of today's quick-moving technological advances, technical obstacles are overcome easily and no longer represent a concern for managers.

Among adopter categories for new technologies, innovators are adventurous and willing to take risks.

There are several ways to acquire new technology including internal development, forced adoption, and licensing.

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