Question 1

Compared to benchmarking,scanning seeks out pacing and emerging technologies.

Accepted Answer

A) True 
 B)False

Question 2

Which of the following is a disadvantage of technology leadership?

Accepted Answer

A)   Lower profit margins
B)   Intense competition
C)   Loss of brand image
D)   Higher costs
E)   Establishment of entry barriersF) A) and E)
G) C) and D)

Question 3

Technology is embedded in every product,service,and procedure used or produced.

Accepted Answer

A) True 
 B)False

Question 4

Compensation practices of an integrated manufacturing firm usually include:

Accepted Answer

A)   individual incentives.
B)   hourly wages.
C)   seniority pay.
D)   job classifications.
E)   skill-based pay.F) B) and E)
G) A) and E)

Question 5

Carmel Inc.'s new solar mobile phone technology is the best example of a(n) _____ technology.

Accepted Answer

A)   key
B)   pacing
C)   emerging
D)   base
E)   initialF) B) and E)
G) A) and D)

Question 6

_____ technologies are those that are commonplace in the industry;everyone must have them to be able to operate.

Accepted Answer

A)   Base
B)   Emerging
C)   Strategic
D)   Key
E)   PacingF) B) and E)
G) A) and D)

Question 7

Which of the following groups is most likely to pay a premium for the latest and newest technology or product to come along and to champion it if it meets with their approval?

Accepted Answer

A)   Innovators
B)   Late majority
C)   Early majority
D)   Early adopters
E)   LaggardsF) B) and C)
G) D) and E)

Question 8

List out the five attributes that determine the speed with which an innovation spreads.

Accepted Answer

The speed with which an innovation sprea...

Question 9

Benchmarking is the process of advancing the organization's use of technology over time.

Accepted Answer

A) True 
 B)False

Question 10

Being the first to develop or adopt a new technology is a risk-free path to high profits.

Accepted Answer

A) True 
 B)False

Question 11

Discuss the two determinants that managers need to make while assessing market receptiveness.Give a suitable example.

Accepted Answer

When assessing market receptiveness, man...

Question 12

The CIO of Presto Inc.is concentrating more on what can be done in the future and on the new technologies being developed.This is known as ____.

Accepted Answer

A)   licensing
B)   benchmarking
C)   scanning
D)   contract development
E)   technology tradingF) A) and E)
G) B) and D)

Question 13

Base technologies are those that:

Accepted Answer

A)   are not used by everyone.
B)   are commonplace in the industry.
C)   provide significant competitive advantage.
D)   have not been proved useful.
E)   are not known to everyonE.F) All of the above
G) B) and E)

Question 14

Analyzer firms have cultures that are the most outward-looking and opportunistic in their approach to technological innovation.

Accepted Answer

A) True 
 B)False

Question 15

Early adopters of new technologies tend to be:

Accepted Answer

A)   isolated and highly conservative in their views.
B)   extremely suspicious of innovation and change.
C)   less educated and unable to cope with uncertainty and abstraction.
D)   critical to the success of a new technology.
E)   the most adventurous and willing to take risks.F) A) and B)
G) B) and D)

Question 16

Product innovation is a change in the:

Accepted Answer

A)   way outputs are produced.
B)   way the organization creates and delivers value.
C)   outputs the organization produces.
D)   value of the product alone.
E)   product line of the organization.F) B) and C)
G) A) and E)

Question 17

Emerging technologies are those that have proven effective but still provide a strategic advantage because not everyone uses them.

Accepted Answer

A) True 
 B)False

Question 18

Even firms that are not technology oriented must pay attention to changing technology.

Accepted Answer

A) True 
 B)False

Question 19

Discuss the advantages and disadvantages of technology leadership.

Accepted Answer

The answer of Discuss the advantages and disadvantages of technology...

Question 20

A technique for measuring competitive value categorizes technologies as emerging,pacing,key,and base.

Accepted Answer

A) True 
 B)False

Exam 17: Managing Technology and Innovation

Emerging technologies are those that have proven effective but still provide a strategic advantage because not everyone uses them.

Correct AnswerverifiedShow Answer

A technique for measuring competitive value categorizes technologies as emerging,pacing,key,and base.

Correct AnswerverifiedShow Answer

Discuss the two determinants that managers need to make while assessing market receptiveness.Give a suitable example.

Correct AnswerAnswered by ExamLex AIWhen assessing market receptiveness, man...View AnswerShow Answer

Discuss the advantages and disadvantages of technology leadership.

Correct AnswerverifiedShow Answer

Analyzer firms have cultures that are the most outward-looking and opportunistic in their approach to technological innovation.

Correct AnswerverifiedShow Answer

Base technologies are those that:

Correct AnswerverifiedShow Answer

Benchmarking is the process of advancing the organization's use of technology over time.

Correct AnswerverifiedShow Answer

Which of the following groups is most likely to pay a premium for the latest and newest technology or product to come along and to champion it if it meets with their approval?

Correct AnswerverifiedShow Answer

Even firms that are not technology oriented must pay attention to changing technology.

Correct AnswerverifiedShow Answer

Which of the following is a disadvantage of technology leadership?

Correct AnswerverifiedShow Answer

Being the first to develop or adopt a new technology is a risk-free path to high profits.

Correct AnswerverifiedShow Answer

Compared to benchmarking,scanning seeks out pacing and emerging technologies.

Correct AnswerverifiedShow Answer

The CIO of Presto Inc.is concentrating more on what can be done in the future and on the new technologies being developed.This is known as ____.

Correct AnswerverifiedShow Answer

Early adopters of new technologies tend to be:

Correct AnswerverifiedShow Answer

_____ technologies are those that are commonplace in the industry;everyone must have them to be able to operate.

Correct AnswerverifiedShow Answer

Product innovation is a change in the:

Correct AnswerverifiedShow Answer

Carmel Inc.'s new solar mobile phone technology is the best example of a(n) _____ technology.

Correct AnswerverifiedShow Answer

Technology is embedded in every product,service,and procedure used or produced.

Correct AnswerverifiedShow Answer

Compensation practices of an integrated manufacturing firm usually include:

Correct AnswerverifiedShow Answer

List out the five attributes that determine the speed with which an innovation spreads.

Correct AnswerAnswered by ExamLex AIThe speed with which an innovation sprea...View AnswerShow Answer

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When assessing market receptiveness, man...
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The speed with which an innovation sprea...
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