Exam 7: Section 3: Strategy: How Do Businesses Generate a Successful Strategy

In the 1980s, the invention of the personal computer replacing the typewriter is an example of:

Technological innovations that build on a firm's existing knowledge and skills in certain areas are called ______________.

Modern work technology in organizations has allowed companies to save labour costs due to:

_________________ is a way of explaining how innovations swept away old technologies, skills, products, ideas, and industries and replaced them with new ones

Over time as an industry ages, it typically exhibits a pattern consistent with a/an:

A change in automobiles from steel to lighter weight aluminum composites are:

The power and performance of microchips would double every 18 months as a function of semiconductor manufacturers' ability to double the number of transistors on a chip. This prediction has proven fairly accurate and has become to be known as:

Innovations that involve changes to the product's components but leave the overall configuration of the system relatively intact are called:

A _____________ allows for the standardization of parts and the optimization of organizational processes for volume and efficiency.

The decline in the use of pay phones is mostly due to a: