Question 1

A lack of enthusiasm for a new product among the technology adopters called innovators can be a sign that the new technology has serious problems.

Accepted Answer

Innovators are typically eager to try new technologies, so their lack of enthusiasm may indicate potential issues with the product.

Question 2

Bureaucracy,by its very nature,helps innovation to thrive.

Accepted Answer

Bureaucracy tends to stifle innovation as it frequently involves rigid rules, regulations, and procedures that can limit the ability to think creatively and make quick decisions. The more bureaucratic the system, the more difficult it can be to implement new ideas or processes.

Question 3

________ is a change in method or technology that is a useful departure from previous ways of doing things.

Accepted Answer

Innovation refers to a new method or technology that is a departure from previous ways of doing things, and is useful in creating new value or improving efficiency. Integration refers to combining different tools or systems into a single unit. Reinforcement refers to strengthening an existing behavior or response. Diffusion refers to the spreading of ideas or innovations from one group to another. Arbitration refers to a process of resolving conflicts through a neutral third party. Out of these choices, innovation is the best fit for the given definition.

Question 4

If a product champion lacks the power and financial resources to initiate innovations alone,he or she seeks sponsorship from an executive champion.

Accepted Answer

This statement is true. A product champion may not have the authority or resources to initiate new innovations on their own, and may need the support and sponsorship of an executive champion within the organization.

Question 5

Which of the following groups of adopters of a new technology includes well-respected opinion leaders or organizations to which others look for ideas and up-to-date technological information?

Accepted Answer

Early adopters are typically well-respected opinion leaders or organizations that others look to for new ideas and technological advice. They are crucial in the adoption process because their endorsement can drive wider acceptance and adoption among later groups.

Question 6

Development projects are focused on marketing existing products or processes through mass media and social media.

Accepted Answer

Development projects are focused on creating new products or processes, not just marketing existing ones. While marketing may be a component of the project, it is not the sole focus.

Question 7

Unlike those who seek technology leadership,followers can gain a significant learning advantage that can be sustainable.

Accepted Answer

The answer of Unlike those who seek technology leadership,followers can...

Question 8

One approach for measuring the competitive value of technologies is to categorize them as emerging,pacing,key,and base.

Accepted Answer

This is a commonly used approach for measuring the competitive value of technologies. It involves categorizing technologies as emerging (new and not yet adopted widely), pacing (being adopted quickly and are a source of competitive advantage), key (widely adopted and provide competitive advantage), and base (widely adopted and provide little or no competitive advantage).

Question 9

If a new technology is theoretically possible but economically impractical,the technology will probably not emerge.

Accepted Answer

This statement is true because in order for a technology to become widely adopted and used, it must be economically feasible. If the cost of developing or implementing the technology outweighs the potential benefits or profits, it is unlikely to emerge.

Question 10

In the technology life cycle,which of the following follows the initial recognition of a need coupled with potential to satisfy that need through science?

Accepted Answer

The initial recognition of a need coupled with potential to satisfy that need through science is the beginning of the technology life cycle, known as the "idea generation" phase. During this phase, knowledge and ideas are brought together and developed to create a potential solution to the need.

Question 11

Early adopters of new technologies tend to be

Accepted Answer

Early adopters are critical to the success of a new technology because they are the first to try it out and provide feedback to the developers. They are typically seen as opinion leaders and influencers, and their initial experience can help to shape the perception of the technology among a wider audience.

Question 12

Broadly speaking,________ can be thought of as the commercialization of science.

Accepted Answer

The answer of Broadly speaking,________ can be thought of as...

Question 13

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

Accepted Answer

Technology is advancing at a rapid pace and it influences every industry. Therefore, all firms must take notice of new technologies in order to remain competitive and efficient.

Question 14

Oxy Systems Corp.was the first company to utilize a new device developed by Symbol Developers Inc.that enabled Oxy to locate previously undetected underground hot springs that could be tapped as geothermal heating sources.Oxy Systems tested the device and provided a testimonial to other organizations about the product.However,the other organizations were hesitant and decided to wait until the product was proven reliable.In this case,Oxy Systems can be classified as

Accepted Answer

Oxy Systems was the first company to use the new device, indicating that they are early adopters or innovators who are willing to take risks and try new technology before others.

Question 15

Product innovation is a change in the

Accepted Answer

The answer of Product innovation is a change in the
...

Question 16

Common ways of acquiring new technology include internal development,purchase,and licensing.

Accepted Answer

These are common ways of acquiring new technology.

Question 17

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

The answer of Which of the following groups is most...

Question 18

The invention life cycle is a predictable pattern in which technological innovation follows from its inception and development to market saturation and replacement.

Accepted Answer

The answer of The invention life cycle is a predictable...

Question 19

In the context of managing,________ is a new way of working that creates value.

Accepted Answer

Innovation refers to the introduction of something new that creates value. It is a crucial aspect of management as it allows companies to stay ahead of their competition by developing and implementing new ideas, products or services. In contrast, invention refers to the creation of a new idea or product, while development refers to the process of improving or enhancing an existing idea, product or service. Technology and application are broad terms that may encompass innovation, invention or development, but do not necessarily indicate a specific focus on creating value.

Question 20

Darius is designing a new type of self-driving automobile guidance system.He explains to Janelle,his supervisor,that it has far more accurate sensing capabilities than current models,uses current satellite technology used in available guidance systems,can readily be implanted in experimental cars at his company's test facility,incorporates five times as many features and complicated circuitry as current models,and can be easily manufactured by tweaking existing production machinery.Janelle says it is a good start,but she has some concerns.Why is Janelle most likely concerned?

Accepted Answer

Janelle may be concerned about the increased complexity of Darius's model compared to current models. This could raise issues with production, maintenance, and repair costs. She may also be concerned about the potential for errors and malfunctions due to the increased number of features and complicated circuitry.

Quiz 17: Managing Technology and Innovation