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Exam 17: Managing Technology and Innovation

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Question 31

Multiple Choice

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The exploding growth in piracy or fakery of patented pharmaceuticals, software, and other products has added new barriers to _____.

A) economic viability
B) organizational suitability
C) market receptiveness
D) competence development
E) technological feasibility

F) A) and C)
G) All of the above

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Question 32

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Which of the following is the first consideration in developing a strategy around technological innovation?

A) Organizational suitability
B) Market potential
C) Technological feasibility
D) Economic viability
E) Political barriers

F) A) and D)
G) B) and E)

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Question 33

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Which statement about the technology life cycle is true?

Which of the following categories refers to technologies that are still under development and thus unproved?

Describe the critical forces that converge to create new technologies.

If a product champion lacks the power and financial resources to initiate innovations alone, he or she seeks sponsorship from an executive champion.

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

Describe the position of chief information officer (CIO) and the CIO's importance to a company.

The technique of scanning in assessing external technological trends focuses on

The question an organization asks itself about whether to acquire new technology from an outside source or develop it itself is referred to as a

A _____ helps clarify the key technologies upon which an organization depends, often in terms of their competitive value.

Describe the importance of technology followership. Discuss the factors influencing a manager's decision on adopting a new technology.

Explain the major benefits of a development project for managing technology and innovation. Provide an example of a situation in which a development project might be turned into a source of competitive advantage.

Bureaucracy is an enemy of technological innovation. Discuss the importance of fostering an organization culture that values innovation.

Key roles in acquiring and developing new technologies are the _____, product champion, and executive champion.

Product innovation is a change in the

Adopters of new technologies who are classified as _____ are typically adventurous and willing to take risks.

Although competitors understandably are reluctant to share their secrets, information trading for _____ is not uncommon and can prove highly valuable.

Whereas _____ focuses on key and perhaps some pacing technologies, _____ seeks out pacing and emerging technologies.

Greg worked at the Hartford Plastics Company as a technician, and he developed an instrument to help test the quality of plastic products. The section supervisor, Mick, thought that Greg's instrument was so clever that the company should make it widely available for all technicians in the company. Mick convinced a number of other managers to have their employees try Greg's innovation. Mick's role in developing the new device is that of a(n)