Question 1

Early adopters of a new technology are often considered impulsive and extreme by others.

Accepted Answer

A) True 
 B)False

Question 2

In the scenario described here, assignment 2 is an example of

Accepted Answer

A)  Benchmarking. 
B)  Organizational culture audit. 
C)  Product championing. 
D)  Technology audit. 
E)  Scanning. 
A)  Benchmarking. 
B)  Organizational culture audit. 
C)  Product championing. 
D)  Technology audit. 
E)  Scanning.

Question 3

______ have proved effective, but they also provide a strategic advantage because not everyone uses them.

Accepted Answer

A)  Base technologies 
B)  Emerging technologies 
C)  Key technologies 
D)  Elevated technologies 
E)  Pacing technologies 
A)  Base technologies 
B)  Emerging technologies 
C)  Key technologies 
D)  Elevated technologies 
E)  Pacing technologies

Question 4

Members of the late majority are late in adopting technology because they

Accepted Answer

A)  Are skeptical of technological change. 
B)  Are not subject to social pressures. 
C)  Do not have access to innovations. 
D)  Have low self-esteem. 
E)  Are the most isolated and conservative in their views. 
A)  Are skeptical of technological change. 
B)  Are not subject to social pressures. 
C)  Do not have access to innovations. 
D)  Have low self-esteem. 
E)  Are the most isolated and conservative in their views.

Question 5

In this scenario, Lindee and Manuel are examples of

Accepted Answer

A)  Laggards. 
B)  The late majority. 
C)  The early majority. 
D)  Early adopters. 
E)  Innovators. 
A)  Laggards. 
B)  The late majority. 
C)  The early majority. 
D)  Early adopters. 
E)  Innovators.

Question 6

Compared to benchmarking, scanning focuses on newer technologies like pacing or emerging ones.

Accepted Answer

A) True 
 B)False

Question 7

The learning advantage of being a technology leader refers to

Accepted Answer

A)  The ability to produce less expensive products due to familiarity and experience with the processes involved. 
B)  The ability to produce products more quickly through specialization of labor. 
C)  Keeping the company ahead of the competition by generating minor product improvements that are difficult to imitate. 
D)  Enhancing and improving upon the innovations of other companies. 
E)  Occupying the best market niches. 
A)  The ability to produce less expensive products due to familiarity and experience with the processes involved. 
B)  The ability to produce products more quickly through specialization of labor. 
C)  Keeping the company ahead of the competition by generating minor product improvements that are difficult to imitate. 
D)  Enhancing and improving upon the innovations of other companies. 
E)  Occupying the best market niches.

Question 8

Innovation is described as a change in method or technology, a positive and useful departure from previous ways of doing things.

Accepted Answer

A) True 
 B)False

Question 9

Development projects are focused on creating a new product or process via technological advances.

Accepted Answer

A) True 
 B)False

Question 10

Joy's argument that Revved Up does not have adequate financial resources to purchase the technology suggests that she favors which method of acquiring technology?

Accepted Answer

A)  Internal development. 
B)  Licensing. 
C)  Contracted development. 
D)  Purchase. 
E)  A research partnership. 
A)  Internal development. 
B)  Licensing. 
C)  Contracted development. 
D)  Purchase. 
E)  A research partnership.

Question 11

In this scenario, your 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

While competitors understandably are reluctant to share their secrets, information trading for ________ is not uncommon and can prove highly valuable.

Accepted Answer

A)  product championing 
B)  competitive monitoring 
C)  corporate espionage 
D)  benchmarking 
E)  gradual diffusion 
A)  product championing 
B)  competitive monitoring 
C)  corporate espionage 
D)  benchmarking 
E)  gradual diffusion

Question 13

Which of the following is a disadvantage of technology leadership?

Accepted Answer

A)  Lower profit margins. 
B)  Intense competition. 
C)  Loss of brand image. 
D)  Higher costs. 
E)  Establishment of entry barriers. 
A)  Lower profit margins. 
B)  Intense competition. 
C)  Loss of brand image. 
D)  Higher costs. 
E)  Establishment of entry barriers.

Question 14

When a company establishes technology leadership by pioneering unique products or services that command premium prices, it has benefited from a

Accepted Answer

A)  High-cost strategy. 
B)  Concentric strategy. 
C)  Low-cost strategy. 
D)  Diversification strategy. 
E)  Differentiation strategy. 
A)  High-cost strategy. 
B)  Concentric strategy. 
C)  Low-cost strategy. 
D)  Diversification strategy. 
E)  Differentiation strategy.

Question 15

Emerging technologies are those that have proven effective, but still provide a strategic advantage because not everyone uses them.

Accepted Answer

A) True 
 B)False

Question 16

Burrell Partners is a consulting group, specializing in helping its clients develop efficient procedures in manufacturing and logistics based on technological advances. Burrell helps its clients achieve competitive advantage by developing _________ strategies for them.

Accepted Answer

A)  innovation 
B)  differentiation 
C)  low-cost 
D)  adoption 
E)  diverse 
A)  innovation 
B)  differentiation 
C)  low-cost 
D)  adoption 
E)  diverse

Question 17

A person that is ________ is most likely to pay a premium for the latest and newest technology or product to come along.

Accepted Answer

A)  an innovator 
B)  part of the early majority 
C)  part of the late majority 
D)  an early adopter 
E)  a laggard 
A)  an innovator 
B)  part of the early majority 
C)  part of the late majority 
D)  an early adopter 
E)  a laggard

Question 18

Max worked at the Purvis Mining Company as a technician. Max developed a device that improved the separation process. The section supervisor, Dean, thought that Max's device was so clever that the company should make it widely available for all technicians. Dean convinced a number of other managers to have their employees try Max's innovation. Dean's role in developing the new device is that of

Accepted Answer

A)  An entrepreneur. 
B)  A technical innovator. 
C)  An executive champion. 
D)  A product champion. 
E)  A technology officer. 
A)  An entrepreneur. 
B)  A technical innovator. 
C)  An executive champion. 
D)  A product champion. 
E)  A technology officer.

Question 19

Bureaucracy, by its very nature, helps innovation to thrive.

Accepted Answer

A) True 
 B)False

Question 20

Identify and explain the three key roles that people may play within an organization to acquire or develop technology. Give an example of each of the three roles.

Accepted Answer

1. Innovator: The innovator is responsib

Early adopters of a new technology are often considered impulsive and extreme by others.

In the scenario described here, assignment 2 is an example of

______ have proved effective, but they also provide a strategic advantage because not everyone uses them.

Members of the late majority are late in adopting technology because they

In this scenario, Lindee and Manuel are examples of

Compared to benchmarking, scanning focuses on newer technologies like pacing or emerging ones.

The learning advantage of being a technology leader refers to

Innovation is described as a change in method or technology, a positive and useful departure from previous ways of doing things.

Development projects are focused on creating a new product or process via technological advances.

Joy's argument that Revved Up does not have adequate financial resources to purchase the technology suggests that she favors which method of acquiring technology?

In this scenario, your role would be described as the

While competitors understandably are reluctant to share their secrets, information trading for ________ is not uncommon and can prove highly valuable.

Which of the following is a disadvantage of technology leadership?

When a company establishes technology leadership by pioneering unique products or services that command premium prices, it has benefited from a

Emerging technologies are those that have proven effective, but still provide a strategic advantage because not everyone uses them.

Burrell Partners is a consulting group, specializing in helping its clients develop efficient procedures in manufacturing and logistics based on technological advances. Burrell helps its clients achieve competitive advantage by developing _________ strategies for them.

A person that is ________ is most likely to pay a premium for the latest and newest technology or product to come along.

Bureaucracy, by its very nature, helps innovation to thrive.

Identify and explain the three key roles that people may play within an organization to acquire or develop technology. Give an example of each of the three roles.

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

Early adopters of a new technology are often considered impulsive and extreme by others.

In the scenario described here, assignment 2 is an example of

______ have proved effective, but they also provide a strategic advantage because not everyone uses them.

Members of the late majority are late in adopting technology because they

In this scenario, Lindee and Manuel are examples of

Compared to benchmarking, scanning focuses on newer technologies like pacing or emerging ones.

The learning advantage of being a technology leader refers to

Innovation is described as a change in method or technology, a positive and useful departure from previous ways of doing things.

Development projects are focused on creating a new product or process via technological advances.

Joy's argument that Revved Up does not have adequate financial resources to purchase the technology suggests that she favors which method of acquiring technology?

In this scenario, your role would be described as the

While competitors understandably are reluctant to share their secrets, information trading for ________ is not uncommon and can prove highly valuable.

Which of the following is a disadvantage of technology leadership?

When a company establishes technology leadership by pioneering unique products or services that command premium prices, it has benefited from a

Emerging technologies are those that have proven effective, but still provide a strategic advantage because not everyone uses them.

Burrell Partners is a consulting group, specializing in helping its clients develop efficient procedures in manufacturing and logistics based on technological advances. Burrell helps its clients achieve competitive advantage by developing _________ strategies for them.

A person that is ________ is most likely to pay a premium for the latest and newest technology or product to come along.

Bureaucracy, by its very nature, helps innovation to thrive.

Identify and explain the three key roles that people may play within an organization to acquire or develop technology. Give an example of each of the three roles.

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