Question 1

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

Accepted Answer

A) creative destruction 
B) the punctuated equilibrium 
C) the dominant design 
D) the S curve

Question 2

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

Accepted Answer

A) competence-enhancing innovations 
B) competence-destroying innovation 
C) architectural innovation 
D) modular innovations

Question 3

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

Accepted Answer

A) antivirus software 
B) automation 
C) conference calls 
D) intranet capabilities

Question 4

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

Accepted Answer

A) S curve theory 
B) transitional phase 
C) creative destruction 
D) punctuated equilibrium

Question 5

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

Accepted Answer

A) continuing growth curve 
B) U-shaped growth curve 
C) inverted U-shaped growth curve 
D) straight, upward line curve

Question 6

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

Accepted Answer

A) modular innovation 
B) competence-enhancing innovation 
C) competence-destroying innovation 
D) architectural innovation

Question 7

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:

Accepted Answer

A) The S curve theory 
B) Moore's law 
C) Cumilative Development Effort 
D) Technological S-Curve

Question 8

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

Accepted Answer

A) incremental innovation 
B) modular innovations 
C) competence-enhancing technology 
D) competence-destroying technology

Question 9

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

Accepted Answer

A) dynamic environments 
B) new skill 
C) dominant design 
D) machine

Question 10

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

Accepted Answer

A) change in demographics 
B) shift in consumer tastes 
C) technical substitution 
D) niche strategy

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