Technology Evolution & Innovation Management

Each technology may be applied to different products, while each product results from applying different technologies.

• False

• True

When a technology reaches the peak of inflated expectations on the Gartner's Hype Cycle, it will be located at the top of the S-curve (i.e. maturity stage).

• False

• True

The so-called "chasm" or key point to overcome for the general adoption of a technology (i.e. reach the early majority), coincides with the "Trough of Disillusionment" in the Gartner Curve.

• False

• True

What characterizes Early Adopters in the Technology Adoption Curve?

• A) They are skeptical and wait until a technology becomes mainstream.

• B) They play a key role in technological adoption because they not only test new innovations, but also teach more conservative users how to use them.

• C) They adopt new innovations only when absolutely necessary.

• D) They are attracted to novelty, interested in experimenting with new technologies, and discovering their benefits and challenges.

Which group is most influenced by peer recommendations when adopting a new technology?

• A) Innovators

• B) Early Adopters

• C) Early Majority

• D) Laggards

"Crossing the Chasm" refers to the difficulty in transitioning from Early Adopters to the Early Majority in technology adoption.

• False

• True

In the Technology Tree model, what do the "branches" represent?

• A) The fundamental knowledge required for technological developments.

• B) The industries that use the technology

• C) The different applications and improvements of a core technology

• D) The customers adopting the technology

What is the "Innovator’s Dilemma"?

• A) The challenge of deciding whether to innovate or not.

• B) The difficulty companies face when deciding between sustaining innovations and more radical, disruptive innovations

• C) The need for every company to be the first to market in terms of innovation.

• D) The uncertainty surrounding intellectual property rights

The Technology Adoption Curve suggests that Early Adopters are the largest group of users in the innovation process.

• False

• True

Radical innovations typically build upon existing technologies without drastically changing the industry.

• False

• True