WorksheetsMT Chapter 1 - 5
Total questions: 11
Worksheet time: 6mins
In the adoption life cycle, there are four categories, namely the innovators, early adopters, early majority, and late majority.
True
False
The mistake of Osborne was, he did not focus on the timeliness, reluctant to innovate, and not enough resources.
True
False
Technology innovation is never a one-time activity
True
False
Horizontal integration involves increased control over production competitors
True
False
Which is untrue about market pull?
Example: Grab
Pushed by the market
Driven by the customers need
What is not the stage of technology lifecycle?
Embryonic
Maturity
Beginner
Growth
Which is not the strategy tools?
Technology audit
Core Competencies Analysis
Invention Road Map
Market-Technology Matrix
Value Chain Analysis
Which is not the advantage of being first mover?
High cost involved for customers to switch brands
Can control their resources. Eg: strategic location/ network with key suppliers
Make a lasting impression on customers - Brand recognition & brand loyalty
Followers can learn the mistakes of the first movers to reduce their risk and avoid making costly mistakes
Have more time to refine their processes and to perfect their products
Which is not how a manager manages his innovation?
New Players & Role
Unclear, Often Conflicting Goals
By Cross-Functional Teams
Tomorrow revenue is created
Route and Result is just one
Which is not true about creativity?
Creativity depends on people and environment.
Timing factor is divided into Just In Time and Time based Competition
Ideas of creative people is in a small number.
Which is not true about technological innovation?
Competence enhancing innovation is based on knowledge and skills that is already exists
Architectural innovation is changing the component in an innovation.
Social innovation gives a solution that is original to the societal problem.
