Quiz on Introduction to Disruptive Technology

1. What is the key difference between emerging technologies and disruptive technologies?

• Emerging technologies are more advanced than disruptive technologies.

• Emerging technologies introduce entirely new markets, while disruptive technologies transform existing markets.

• Emerging technologies are always less expensive than disruptive technologies.

• Emerging technologies are always embraced by early adopters, while disruptive technologies target mainstream users.

3. When it comes to disruptive technologies, what is a common feature?

• Disruptive technologies are often created by large, established companies.

• They tend to maintain the status quo in established markets.

• They introduce innovations that challenge existing market leaders.

• Disruptive technologies primarily target early adopters.

In the context of emerging and disruptive technologies, what is a key difference?

• Emerging technologies are always less risky for businesses.

• Disruptive technologies are more established in the market.

• Emerging technologies aim to improve existing products, while disruptive technologies aim to replace them.

• Emerging technologies primarily target niche markets.

3. Which of the following characteristics is typically associated with disruptive companies?

• A rigid adherence to traditional business models.

• A culture that discourages experimentation and innovation.

• A commitment to preserving existing markets without disruption.

• A proactive approach to introducing new products or services that disrupt the industry.

3. In the context of disruptive innovation, what role do disruptive companies play in the market?

• They aim to maintain the existing market structure and hierarchy.

• They create entirely new markets and challenge established norms.

• They rely on imitation and copying of successful business models.

• They primarily target early adopters and ignore mainstream consumers.

3. Which phase of the S-shaped curve represents the initial slow adoption of an innovation?

• The early majority phase

• The late majority phase

• The takeoff phase

• The lag phase

3. In diffusion models, what is the significance of the "late majority" phase of the S-shaped curve?

• It represents the final decline of the innovation.

• It marks the point at which the majority of potential adopters have already adopted the innovation.

• It indicates the point at which the innovation becomes mainstream.

• It is the phase where innovators are most active in promoting the innovation.

3. In the diffusion of innovations theory, which group of adopters represents the first 2.5% of individuals to adopt a new innovation?

• Early Majority

• Laggards

• Innovators

• Early Adopters

3. The group of adopters who are skeptical of change, rely on traditional practices, and are the last to adopt new innovations are referred to as:

• Innovators

• Late Majority

• Early Adopters

• Laggards

3. Critics argue that the theory of disruption can lead to:

• An overemphasis on radical innovations at the expense of incremental improvements.

• A better understanding of how to sustain market leadership.

• Faster adoption of disruptive technologies by established companies.

• Increased collaboration between startups and large corporations.