Exam 4: Standards Battles and Design Dominance

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When comparing the value of a new technology to an existing technology,the tendency is to focus mainly on objective information.

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Firms that develop technologically superior products are usually winners.

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False

For a new technology to compete on its stand-alone utility,

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If a company is able to lock in its technology as the dominant design of the market,it

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As complementary technologies develop for an innovation,that innovation will

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After Acme Technologies had developed its first few R&D projects,it began to get better at subsequent development projects,even if they were not based on the same technologies.This is probably due to the principle or effect called

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Explain why it is considered advantageous if a company's technology is adopted by users ahead of other technologies.

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The U.S.Postal Service now offers a Click-N-Ship online service so users can buy and print postage and labels online.The U.S.Postal Service is offering the utility lever(s)of _____ during the _____ stage of buyer experience.

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Joseph had an idea that he could speed up a floor buffing machine by putting a different motor on it.After about 25 tries he was able to make a buffer run much faster with a new motor and started his own company.Other companies began making competing products that were similar to Joseph's design,but they were unable to improve their designs as fast as Joseph.Why might this be the case?

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Absorptive capacity

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A dominant design does not influence the problem-solving techniques used in the industry.

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QwikEats is a fast food restaurant.It has recently opened a children's play area within its premises that allows parents to dine in peace without having to worry about their children.According to the Kim and Mauborgne model,QwikEats is offering the _____ utility levers during the _____ stage of buyer experience.

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Network externalities cannot arise in markets that do not have physical networks.

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The learning curve indicates that the more units a company produces of an item,the more each unit will cost.

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As the sales of a company's product increases and as the company learns from its experiences,the cost of making the product should

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When Disetronic,the market leader in insulin pumps for diabetics,made the decision not to charge the highest price the market would be willing to pay,it was

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eBay allows shoppers to pay for purchases using an online payment system called PayPal which accepts credit cards or electronic funds transfers.According to the Kim and Mauborgne model,PayPal is offering value during the _____ stage of buyer experience.

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The value of a good to a user increases in a linear fashion.

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What is vaporware what are its advantages?

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A firm that develops a new technology ahead of its rivals may have an advantage in staying ahead of others.

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