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Chapter 17 Managing Technology and Innovation Answer Key
True / False Questions
1.
If a new technology is theoretically possible but economically impractical, the technology
will probably not emerge.
2.
The invention life cycle is a predictable pattern that technological innovation follows from
its inception and development to market saturation and replacement.
3.
A lack of enthusiasm for a new product among the technology adopters called innovators
can be a sign that the new technology has serious problems.
4.
Unlike those who seek technology leadership, followers can gain a significant learning
advantage that can be sustainable.
5.
One approach for measuring the competitive value of technologies is to categorize them as
emerging, pacing, key, and base.
6.
Even firms that are not technology oriented must pay attention to changing technology.
7.
Common ways of acquiring new technology include internal development, purchase, and
licensing.
8.
If a product champion lacks the power and financial resources to initiate innovations
alone, he or she seeks sponsorship from an executive champion.
9.
Bureaucracy, by its very nature, helps innovation to thrive.
10.
Development projects are focused on marketing existing products or processes through
mass media and social media.
Multiple Choice Questions
11.
Broadly speaking, _____ can be thought of as the commercialization of science.
12.
In the context of managing, _____ is a new way of working that creates value.
13.
Which statement about the technology life cycle is true?
14.
Adopters of new technologies who are classified as _____ are typically adventurous and
willing to take risks.
15.
Carly's company is considering adopting a new information technology. Because the
information technology managers of the company are not yet familiar with the technology,
they would most likely consult with someone from which of the following groups to help
determine the suitability of technology?
16.
Which of the following is a first-mover advantage for a technology innovator?
17.
Which of the following is a disadvantage of technology leadership?
18.
Technology followership can be used to support
19.
Jake has to decide whether it's the right time to adopt a new technology for his
department. Besides considering the potential benefits of the new technology, which of
the following factors should have the most influence on his decision?
20.
Which of the following will best help an organization decide if the time is right to adopt a
new technology?
21.
Galaxy Autos is developing a motion-detector system that will be able to tell when a driver
is nodding off and then sound an alarm to wake up the driver. The system is still in the
trial stages and has not been proved to be effective. What type of technology is this?
22.
Sunrise Solutions has developed a grammar-checking program that is better able to
account for the idiosyncrasies of the way humans use language. Publishers have found the
program effective, but it still has not caught on within the business community. What type
of technology is this?
23.
Grasshopper is a small smartphone company that has developed an innovative security
system for its phones. The technology has yet to prove its full value, but if it catches on, it
may change the competitive landscape of the smartphone industry. What type of
technology is this?
24.
Volume controls on an MP3 player are an example of a(n) _____ technology.
25.
Maria is part of a committee that must decide whether the company should adopt a new
technology. Maria's task is to compare the proposed technology to the technology that
other companies in her industry use. This task is known as _____.
26.
Whereas _____ focuses on key and perhaps some pacing technologies, _____ seeks out
pacing and emerging technologies.
27.
Time machines are a staple of science fiction novels and movies, but there aren't any
businesses trying to develop one. The main reason is the lack of _____.
28.
The exploding growth in piracy or fakery of patented pharmaceuticals, software, and other
products has added new barriers to _____.
29.
_____ firms have cultures that are the most outward-looking and opportunistic in their
approach to technological innovation.
30.
A hybrid _____ firm needs to stay technologically competitive but tends to allow others to
demonstrate solid demand in new arenas before it responds.
31.
Which of the following is becoming increasingly common as a way for companies to gain
access to new technologies while avoiding high development costs or financing?
32.
Furth Gaskets needs a better adhesive applicator machine, and the executive managers
disagree about whether to invent one in house or purchase one on the market. This is an
example of a _____.
33.
The executive who coordinates the technological efforts of various business units within a
corporation is the _____.
34.
Key roles in acquiring and developing new technologies are the _____, product champion,
and executive champion.
35.
The systematic application of scientific knowledge to a new product, process, or service is
called ____.
