Question 1

List and briefly discuss current concerns that are limiting the adoption of bitcoin.

Accepted Answer

Consumer benefit needs to be stronger. While international remittance customers and those otherwise left out of the banking and credit card system can see immediate benefit from bitcoin, most of the population isn't impacted by this market.
Bitcoin is difficult to understand and often difficult to use tech that offers little benefit
Bitcoin also has a reputation problem, since it is a currency favored by the online underworld and was created by a mysterious, unknown entity referred to as Satoshi Nakamoto.
Security concerns also pose a problem. High profile hacks, such as the Mt. Gox breach, create a public perception that bitcoin is unsafe.
Government regulations also remain uncertain in many regions of the world.
The currency is highly volatile, fluctuating wildly in relation to major world currencies.
The initial bitcoin support network does not allow for anywhere near the transaction volume of competing systems like global credit card networks.

Question 2

Big firms fail to see disruptive innovations as a threat because:

Accepted Answer

A)   they primarily focus on the bottom line.
B)   they fail to listen to customer needs.
C)   they overestimate the impact of these innovations.
D)   they don't indulge in playing catch-up.
E)   they concentrate only on future financial performance. A

Question 3

Disruptive technology is also called disruptive _____.

Accepted Answer

innovation

Question 4

List the benefits of bitcoin along with possible markets for early adoption.

Accepted Answer

The answer of List the benefits of bitcoin along with...

Question 5

ARM is one of the only firms, aside from Intel, that has scale allowing it to own and operate its own fabs.

Accepted Answer

A) True 
 B)False

Question 6

Individuals known as ____________ participate in verifying and maintaining transactions and are occasionally awarded for their efforts through the receipt of bitcoins.

Accepted Answer

The answer of Individuals known as ____________ participate in verifying...

Question 7

Firms may want to use ARM chips because they draw less power than Intel chips.

Accepted Answer

A) True 
 B)False

Question 8

Which of the following is true of disruptive technologies?

Accepted Answer

A)   The tech industry is the least fertile ground for disruptive technologies.
B)   Initially underperforming incumbents, over time their performance attributes improve to the point where they invade established markets.
C)   They come to market with a set of performance attributes that existing customers have demanded.
D)   Disruptive technologies and disruptive innovations are independent concepts.
E)   The term disruptive technologies is a simple one because few technologies are able to create market shocks and catalyze growth.

Question 9

Firms that listen to existing customers and tailor offerings based on this input are far more likely to identify potentially disruptive technologies than those that experiment with products that existing customers do not demand.

Accepted Answer

A) True 
 B)False

Question 10

Profit margins for disruptive innovations are usually worse than those for incumbent technologies.

Accepted Answer

A) True 
 B)False

Question 11

Chips based on designs from the firm ___________________ dominate the market for smartphones, but they are not compatible with the most popular instruction set used in Intel's desktop and laptop chips. They do, however, draw far less power than Intel chips.

Accepted Answer

The answer of Chips based on designs from the firm...

Question 12

Why can't big firms simply wait until disruptive innovations prove themselves before they invest in these new areas?

Accepted Answer

The answer of Why can't big firms simply wait until...

Question 13

Cross-border bank transfers are not likely to adopt bitcoin since these functions are already electronic and highly automated.

Accepted Answer

A) True 
 B)False

Question 14

Disruptive innovations don't need to perform better than incumbents; they simply need to perform well enough to appeal to their customers (and often do so at a lower price).

Accepted Answer

A) True 
 B)False

Question 15

Yahoo!'s mobile team didn't have an executive champion to protect and nurture the team during the pioneering phase when financial results couldn't be realized. It couldn't show substantial results, so managers were reassigned. This is an example of:

Accepted Answer

A)   social engineering
B)   the Creosote Bush effect
C)   overspending on unproven projects
D)   the options portfolio of innovation

Question 16

ARM provides logic in the majority of smartphones, including products by Apple and Samsung.

Accepted Answer

A) True 
 B)False

Question 17

Many disruptive firms were started by former employees of the disrupted giants.

Accepted Answer

A) True 
 B)False

Question 18

Incentives for U.S. consumer adoption of bitcoin are quite high.

Accepted Answer

A) True 
 B)False

Question 19

A(n) _____ is a right, but not the obligation to make an investment.

Accepted Answer

The answer of A(n) _____ is a right, but not...

Question 20

Low-margin retailers are interested in bitcoin because it may allow the elimination of fees associated with credit card transactions.

Accepted Answer

A) True 
 B)False

Exam 6: Disruptive Technologies: Understanding the Giant Killers and Considerations for Avoiding Extinction

List and briefly discuss current concerns that are limiting the adoption of bitcoin.

Big firms fail to see disruptive innovations as a threat because:

Disruptive technology is also called disruptive _____.

List the benefits of bitcoin along with possible markets for early adoption.

ARM is one of the only firms, aside from Intel, that has scale allowing it to own and operate its own fabs.

Individuals known as ____________ participate in verifying and maintaining transactions and are occasionally awarded for their efforts through the receipt of bitcoins.

Firms may want to use ARM chips because they draw less power than Intel chips.

Which of the following is true of disruptive technologies?

Firms that listen to existing customers and tailor offerings based on this input are far more likely to identify potentially disruptive technologies than those that experiment with products that existing customers do not demand.

Profit margins for disruptive innovations are usually worse than those for incumbent technologies.

Chips based on designs from the firm ___________________ dominate the market for smartphones, but they are not compatible with the most popular instruction set used in Intel's desktop and laptop chips. They do, however, draw far less power than Intel chips.

Why can't big firms simply wait until disruptive innovations prove themselves before they invest in these new areas?

Cross-border bank transfers are not likely to adopt bitcoin since these functions are already electronic and highly automated.

Disruptive innovations don't need to perform better than incumbents; they simply need to perform well enough to appeal to their customers (and often do so at a lower price).

Yahoo!'s mobile team didn't have an executive champion to protect and nurture the team during the pioneering phase when financial results couldn't be realized. It couldn't show substantial results, so managers were reassigned. This is an example of:

ARM provides logic in the majority of smartphones, including products by Apple and Samsung.

Many disruptive firms were started by former employees of the disrupted giants.

Incentives for U.S. consumer adoption of bitcoin are quite high.

A(n) _____ is a right, but not the obligation to make an investment.

Low-margin retailers are interested in bitcoin because it may allow the elimination of fees associated with credit card transactions.