ST 311- Techno 3A- Recap MidTerm Exam

This vertical integration of the research function meant that firms that could not afford such research were at a disadvantage.

•        Open Innovation Paradigm

•    Research and Development Concept

•      Internal Ventures

•      Closed Innovation Method

   It is a new or improved product or process discovered as a result of study or experimentation.

•        Innovation

•      Creativity

•        Invention

•     Business idea

       Resources are economic or productive factors required to accomplish an activity, or as means to undertake an enterprise and achieve desired outcomes. There are three most basic resources. Which of the following is not part of it?

•        Labor

•       Machine

•        Land

• Capital

According to Chesbrough, the erosion of closed innovation paradigm was due to the following factors except:

•      Internal options for unused technologies

•     Increased availability of highly-capable outsourcing partners

•       Expansion of venture capital

•       Increased mobility of skilled workers

On-time-dependent transactions do not require the presence of the service worker at the exact moment when the customer requests service.

• TRUE

• FALSE

E-services is the idea that the World Wide Web is moving beyond e-business and e-commerce in completing sales on the Web into a new phase where many business services can be provided for a business or consumer using the Web.

• FALSE

• TRUE

It is a practice of consistently converting good ideas into profitable commercial ventures using technology and innovation (Jubilo, 2018).

It is the act of turning new and imaginative ideas into reality

Defined as an emerging business entity with exploitation of technologies and transforming such technologies into new products or services for rapid business growth and development.

      A way of generating ideas by decomposing a problem into sub-problems and listing, in a matrix, all the factors pertaining to it (mince). Each possible combination represents the basis for the generation of new ideas (mix).

• Ideation

• Brainstorming

• A Morphological Approach

• Synectics