40 Questions
What is a characteristic of supplier-dominated firms?
They purchase technologies in the form of products and match these to customer needs.
Which type of firms are typically found in the high-growth industries of the twentieth century?
Science-based firms
What is a strength of supplier-dominated firms?
Their ability to offer a product with a reliable service.
What is the foundation for the growth and success of science-based firms?
The manipulation of science and technology.
What is a characteristic of scale-intensive firms?
They are capable of producing high volumes at low cost.
Which type of firms tend to be large and include corporations such as Bayer and Sony?
Science-based firms
What is at the heart of scale-intensive firms?
Process technologies
Is it possible for a firm to belong to more than one category?
Yes
What is the main benefit of ERP systems?
Reduction of data collection and processing duplication efforts
What can help sustain innovation in an organisation?
Established management principles
What is the name of the business software that has become one of the most successful products in the world?
Enterprise Resource Planning (ERP)
What is the result of ERP systems on business processes?
Efficiency and effectiveness
What is the main challenge faced by organisations that innovate successfully?
Sustaining innovation
What is the role of ERP systems in innovation?
To hinder innovation
What is the result of the integration of business functions by ERP systems?
Reduction of duplication efforts
What is the main principle of ERP systems?
Standardisation and integration
Which factor contributes to the flow of information into a firm?
Extensive external linkages
Why is patience important for innovative firms?
It allows ideas to germinate and develop
What is likely to happen in a company that frequently changes its investment in technology development?
Discouragement of creativity
What is almost obvious regarding firms investing in R&D?
Increase in total innovative output
What defines an incremental innovation?
Building upon existing component and architectural knowledge
What does accepting risks involve?
Considering risky opportunities carefully
Which type of innovation leaves architectural knowledge unchanged?
Modular innovation
What is a barrier to innovation within an organizational structure?
Interdepartmental conflict
What impact does architectural innovation have?
Great impact upon the linkage of components
How can innovative firms attract good scientists?
By demonstrating a long-term commitment to resources
What does the vertical axis in Figure 4.4 classify?
Project style
What can happen to creative people in a company with a disruptive environment?
Search for a more suitable company
What is captured by the horizontal axis in Figure 4.4?
Technological uncertainty
What does the traditional distinction within innovation management differentiate?
Research projects and development projects
What is one focus of project management models in the new product development literature?
Explicitly focusing on the new product development process
What does Figure 4.3 illustrate?
Matrix of complexity of architectural/component knowledge
What is the most obvious way forward for balancing production and development?
Separating production from research and development
What does 'exploitation' focus on in an organization?
Efficiency and variance reduction
What is meant by 'exploration' in the context of an organization's strategy?
Search, discovery, and autonomy
What is ambidexterity in a business context?
Doing both exploitation and exploration
What are dynamic capabilities in a business?
The ability to be ambidextrous
How does incremental innovation affect an organization?
It reinforces established capabilities
What challenge does radical innovation pose to organizations?
Encountering new problems requiring new skills
What is one potential constraint on innovation as an organization learns and increases efficiency?
Shifting to simply meeting existing customer needs
This quiz focuses on the balance between production and research and development in an organization, and how it affects long-term survival.
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