Exam 9: Technology-Based Industries and the Management of Innovation

In relation to innovation,the term "regime of appropriability" describes the conditions which influence how the returns to innovation are distributed between the innovator and other parties

Cross functional product development teams,product champions,and incubators are organizational devices used:

Standards are important in an industry because:

The main factor that determines the relative effectiveness of patents in protecting an innovator is:

The personal computer created a huge amount of value for users.The companies that profited most from the personal computer were:

"Network externalities" refer to:

The main lesson learned from the standards wars involving VHS and Betamax in VCRs and between the Apple Mac and IBM PC in personal computers was that liberal licensing of technology is the key to building market leadership.

When reliable forecasting is impossible,the innovating firm should seek to manage risk through:

Comparing the development of the jet engine to satellite-based global positioning (GPS)and instant messaging illustrates that:

Which of the following factors does not contribute to the attractiveness of licensing provides as a means of exploiting an innovation:

The intellectual property of a firm comprises:

The cycle of innovation-from the generation of new scientific knowledge to the diffusion of the innovation-takes about the same length of time for digital products as for analogue products.

In the markets for digital products,"platforms"-the principal type of interface within two-sided markets is an operating system.

The principal difference between public and private standards is:

Recognition tends to be more effective at motivating innovation than financial rewards.

A firm has an innovation that has weak patent protection,but its exploitation requires a number of complementary resources that it does not possess.It's best mode of exploiting the innovation is likely to be:

The ability of an innovating firm to appropriation of returns to its innovation is wholly dependent on establishing property rights in the innovation

Lead-time refers to:

'Freedom to design' refers to firms' ability to use each other's patents through a comprehensive cross licensing agreement

An innovator's ability to derive profit from an innovation depends primarily upon: