Question 1

Firms that are not technology-oriented must develop new competencies in order to survive.

Accepted Answer

With the increasing use of technology in all industries, firms that lack technological competencies will struggle to keep up with competitors and meet customer demands. Developing new competencies in areas such as technology can help these firms remain relevant and competitive in the market.

Question 2

The sociotechnical systems approach to job design attempts to redesign tasks to optimize operation of a new technology while preserving employees' interpersonal relationships and other human aspects of the work.

Accepted Answer

The sociotechnical systems approach aims to balance technological and social systems in designing jobs, keeping in mind the impact on employees' relationships and other human factors.

Question 3

Companies who are seen as proactive "technology-push" innovators tend to have cultures that are more outward-looking and opportunistic.

Accepted Answer

Companies who are proactive technology-push innovators tend to focus on developing and introducing new technologies, which requires them to be outward-looking and opportunistic, seeking out new markets and opportunities for their products. This often results in a culture that is more open and adaptable to change, as they need to constantly innovate and evolve to stay ahead of the competition.

Question 4

The first consideration that needs to be addressed in developing a strategy around technological innovation is market potential.

Accepted Answer

Market potential is the first consideration in developing a strategy around technological innovation as it determines whether there is a need or demand for the innovation, and whether it is feasible and profitable to pursue.

Question 5

Scanning focuses on what can be done and what is being developed.

Accepted Answer

Scanning involves looking for emerging technologies, trends, and potential opportunities that can be leveraged or developed in the future. It focuses on the possibilities and potential of the market, rather than just the current state of affairs.

Question 6

New technology can only come from scientists and product developers working in R&D laboratories.

Accepted Answer

New technology can also come from individuals and teams who are not necessarily scientists but have innovative ideas that can be applied to new products and services. In addition, many advancements in technology have come from collaborations between scientists, engineers, and other professionals working in different fields.

Question 7

Development projects are focused on creating a new product or process via technological advances.

Accepted Answer

Development projects involve the use of technology to create a new product or process.

Question 8

Early adopters of new technologies tend to be more profitable.

Accepted Answer

Early adopters of new technologies can gain a competitive advantage over their competitors, leading to increased profitability. They can also benefit from reduced costs, increased efficiency, and improved customer satisfaction.

Question 9

___________ is a change in technology,a departure from previous ways of doing things.
A)Innovation
B)Technology
C)Process
D)Invention
E)Intervention

Accepted Answer

Innovation refers to a new idea, method, or device that brings about a significant change in the way things are done. It involves the introduction of something new and is often driven by advances in technology. Options B, C, D, and E are not as appropriate because technology, process, invention, and intervention may not necessarily imply a departure from previous ways of doing things.

Question 10

The systematic application of scientific knowledge to a new product,process or service is called
A)planning.
B)organizing.
C)technology.
D)controlling.
E)management.

Accepted Answer

Technology refers to the application of scientific knowledge to create or improve products, processes, and services. It involves using the latest advancements in science and engineering to develop innovative solutions to existing problems, or to enhance existing products and services. Planning, organizing, controlling, and management are all important elements of business operations, but they do not specifically refer to the systematic application of scientific knowledge that is involved in technology.

Question 11

The exploding growth in piracy or fakery of patented pharmaceuticals,software,and other products has added new barriers to economic viability.

Accepted Answer

The statement is true as the growth in piracy or fakery of patented pharmaceuticals, software, and other products does pose barriers to economic viability.

Question 12

The executive champion is an executive who supports a new technology and protects the technical innovator of the innovation.

Accepted Answer

The answer of The executive champion is an executive who...

Question 13

A CTO is the executive in charge of training strategy and development.

Accepted Answer

A CTO (Chief Technology Officer) is the executive in charge of technology strategy and development, not necessarily training strategy and development.

Question 14

Development projects have one major benefit.

Accepted Answer

Development projects can have multiple benefits, such as economic growth, improved infrastructure, job creation, and enhanced quality of life.

Question 15

The technical innovator is the person who promotes a new technology throughout the organization in an effort to obtain acceptance of and support for it.

Accepted Answer

The technical innovator develops the new technology or has the key skills needed to install and operate the technology.This person possesses the requisite technical skills,but he or she may not have the managerial skills needed to push the idea forward and secure acceptance within the organization.

Question 16

Technology trading is becoming increasingly common.

Accepted Answer

With the rise of digital technology and the internet, technology trading has become more accessible and prevalent. Companies and individuals can easily buy and sell technology, software, and other digital assets through online marketplaces and platforms.

Question 17

Organizations must consider the feasibility of technological innovations because technical obstacles may represent barriers to progress.

Accepted Answer

Organizations need to assess the technical feasibility of a particular innovation or idea because if there are technical obstacles, it may be difficult or impossible to implement the innovation or idea, thereby acting as a barrier to progress.

Question 18

There are several ways to source technology including internal development,contracted development,and licensing.

Accepted Answer

This statement is true. These are three common ways businesses source technology.

Question 19

Key roles in acquiring and developing new technologies are the technical innovator,product developer and executive champion.

Accepted Answer

The answer of Key roles in acquiring and developing new...

Question 20

Bureaucracy is the best friend of innovation.

Accepted Answer

Bureaucracy is often associated with red tape, rigid procedures, and slow decision-making processes, which can hinder innovation. Innovative ideas often require flexibility, creative thinking, and quick decision-making, which are not typically associated with bureaucratic organizations.

Quiz 17: Managing Technology and Innovation