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36.
_____ is a change in method or technology that is a useful departure from previous ways of
doing things.
37.
Product innovation is a change in the
38.
In the technology life cycle, which of the following follows the initial recognition of a need
coupled with potential to satisfy that need through science?
39.
Which of the following groups is most likely to pay a premium for the latest and newest
technology or product to come along and to champion it if it meets with their approval?
40.
Aqua Technologies Corp. was the first company to utilize a new device developed by
Signal Master Innovators Inc. that enabled Aqua to locate previously undetected aquifers
that can be tapped as water sources. Aqua Technologies tested the device and provided a
testimonial to other organizations about the product. However, the other organizations
were hesitant and decided to wait until the product was proven reliable. In this case, Aqua
Technologies can be classified as
41.
Which of the following groups of adopters of a new technology includes well-respected
opinion leaders or organizations to which others look for ideas and up-to-date
technological information?
42.
Early adopters of new technologies tend to be
17-65
43.
Of the adopters of new technologies, the members of early majority
44.
Who among the following adopters of a new technology are more skeptical of
technological change and approach innovation with great caution?
45.
Who among the following adopters of a new technology are extremely suspicious of
innovation and change?
17-67
46.
Tax Tranquility Inc., a company that prepares individual tax returns, has finally agreed to
utilize the IRS system that enables the returns to be transmitted electronically rather than
through mail. Almost every other firm in the United States is utilizing the system because
it has been proven reliable. The company has accepted the new technology only after a
number of threats of account withdrawal from key customers. For this reason, the
company would be classified as
47.
An innovation will spread faster if it
17-69
48.
Alpha Gamma Manufacturing Corp. uses a new technology that allows it to produce
standard goods in an economical way. In contrast, its competitors strive for uniqueness
and use technologies that offer unique products for which customers are willing to pay a
premium price. In this case, Alpha Gamma Manufacturing has an advantage over its
competitors because it has adopted a _____ strategy.
49.
Technological innovation can support a _____ strategy, in which an advantage comes from
having a unique good or service for which customers are willing to pay a premium price.
50.
The situation in which a simple application is adopted at the lower end of the market and
then swiftly takes over the market is referred to as ____.
17-71
51.
Hilltop Corp. devised a Wi-Fi based home security system that was not very popular
initially. However, in a few years, the technology was in high demand in the market. This is
an example of
52.
The key factor that makes technology leadership attractive for some companies is the
potential for
53.
Which of the following is an advantage of technology leadership?
17-73
54.
Which of the following is a disadvantage of technology leadership?
55.
Digital Woodcrafters Inc. is a recently established online vendor that sells custom luxury
products made from wood on automated lathes. Before opening for business, the company
studied the problems that companies using a similar technology had experienced. Digital
Woodcrafters was therefore able to avoid their costly mistakes. Digital Woodcrafters
would be an example of a(n)
56.
A _____ helps clarify the key technologies upon which an organization depends, often in
terms of their competitive value.
57.
Categorizing technologies as base, key, pacing, or emerging is an effort to
17-76
58.
Which of the following categories refers to technologies that are still under development
and thus unproved?
59.
_____ technologies have yet to prove their full value but have the potential to alter the
rules of competition by providing significant advantage.
60.
_____ technologies have proved effective, but they also provide a strategic advantage
because not everyone uses them.
17-78
61.
Ajax Charge Inc. is working on a fast battery-recharging system that is still under
development and has yet to be approved. Ajax's product is an example of a(n) _____
technology.
17-79
62.
_____ technologies are those that are commonplace in the industry; everyone must have
them to be able to operate.
17-80
63.
Meadowlark Inc. has introduced a voice recognition machine system that enables
machines to recognize a worker's voice and respond to commands. The company is yet to
prove the full value of this product. However, organizations that have used the product
appropriately have found that it efficiently speeds up various processes. Meadowlark Inc.'s
voice recognition machine system is an example of a(n) _____ technology.
