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A CTO is the executive in charge of training strategy and development. T/F?
False. *information technology strategy and development
Technology is embedded in every product, service and procedure used of produced. T/F?
What is the first consideration in developing a strategy around technological innovation?
A firm only agreed to utilize a new technology after key clients threatened to take their accounts elsewhere. They should be classified as
Seniority rewards in traditional factory and skill-based pay rewards in integrated manufacturing are examples of ______ contingent compensation.
Anti-lock brake systems are well-established, but are not "standard equipment" in the industry. They would be classified as
In most situations, the simplest, easiest and most cost-effective way to acquire new technology is to
An approach to job design that attempts to redesign tasks to optimize the operation of a new technology while preserving employees' interpersonal relationships and other human aspects is
the sociotechnical system
The product life cycle is a predictable pattern followed by a technological innovation, from its inception and development to market saturation and replacement. T/F?
False. *technology life cycle
In a tradition factory, compensation practices usually include
individual incentives, hourly wages, seniority pay, and job classifications
A company carefully watches the actions of its most innovative competitor and learns from it. They are most likely following a low-cost strategy by
avoiding the costs and risks of technology leadership.
Gary feels that an innovative idea should be kept exclusive to his company. He favors which method of acquiring technology?
The systematic application of scientific knowledge to a new product, process or service is called
What type of technologies provide little competitive advantage?
Technology trading is becoming increasingly common. T/F?
A focused organizational effort to create a new product or process via technological advances is called
a developmental project.
A Vice President that goes back to the leadership of the organization to fight for a product you pitched him is considered a(n)
One advantage of technology leadership is a first-mover advantage. T/F?
Which of the following is a factor in management's decisions on when to adopt a new technology?
The potential benefits of the new technology
If someone sells their company, then the buy will have acquired technology via
acquisition of the technology owner.
Development projects are focused on creating a new product or process via technological advances. T/F?
Development projects have one major benefit. T/F?
False. *multiple benefits
_____ have proven effective, but they also provide a strategic advantage because not everyone uses them
The first consideration that needs to be addressed in developing a strategy around technological innovation is
What types of technologies are still under development and thus are unproved?
The forces that drive technological development include
resource availability and a need or demand; theoretically possible with knowledge to do so; able to convert scientific knowledge to engineering and economic terms; entrepreneurial initiative
Technology is of moderate importance for a firm's competitive advantage. T/F?
Emerging technologies are those that have proven effective, but they also provide a strategic advantage because not everyone uses them. T/F?
False. *Key technologies
Dean convinced a number of other managers to provide the resources needed to explore the possibilities of Taylor's device. Dean is considered a
Which of the following best describes a technical innovator?
Develops a new technology
Technology that is commonplace in the industry and which everyone must be able to operate is referred to as
Which of the following is a disadvantage of technology leadership?
Higher costs, greater risks, possible cannibalization of existing products
The technology life cycle begins with
recognition of a need couple with potential to satisfy that need through science and knowledge.
The question an organization asks itself about whether to acquire new technology from an outside source or develop it itself is a(n)
What is the process of comparing an organization's practices and technologies with those of other companies called?
As a technology follower, product differentiation is most likely established by
adapting technologies to fit buyers' needs.
What is a change in method or technology, a departure from previous ways of doing things called?
Which of the following is one of 3M's rules for an innovative corporate culture?
Tolerate failure; set goals for innovation; commit to R&D; inspire intrapreneurship; facilitate, don't obstruct; focus on the customer
Jerome is the first to try everything; he knows that even if a new innovation fails, it's worth the risk if you might be the first with a new technology. He is a(n)
Companies who are seen as proactive "technology-push" innovators tend to have cultures that are more outward looking and opportunistic. T/F?
When a company establishes technology leadership by pioneering unique products or services that command premium prices, it has benefited from a
_____ firms' strategies are focused more on deepening their capacity base through complementary technologies that extend rather than replace their current ones.
Hybrid ____ firms tend to grab a dominant position form their strengths in marketing and manufacturing than through technological innovation.
The executive champion is an executive who supports a new technology and protects the technical innovator of the innovation. T/F?
False. *protects the product champion
New technology can only come from scientists and product developers working in R&D laboratories. T/F?
Japanese manufacturer's kaizen (continuous improvement) programs enable them to maintain
learning advantage over their competition.
____ suggests whether there is a good financial incentive for "pulling off" a technological innovation.
Which group of adopters of a new technology is critical to the technology's success?
If the innovators are not enthusiastic about a technology, the new technology has serious problems. T/F?
Technology leadership does not provide a significant learning advantage. T/F?
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