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Questions and Answers
Which type of innovation focuses on improving existing processes to increase efficiency?
What is NOT considered a type of innovation?
Which of the following best describes the non-linearity of technology management activities?
Which tool is used for assessing the potential success of new product ideas throughout their development?
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Which tool is primarily used to forecast the lifecycle of innovations and compare their performance?
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Which type of innovation is related to the creation of new products or services?
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Technology innovation is only concerned with the technical aspects of new products.
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Name one tool used in technology management.
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_________ innovation focuses on improving the methods used in production or delivery.
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Match the following innovation types with their descriptions:
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Study Notes
Technology Management
- Technology adds value in the modern world
- Innovation Types are Product, Process, Marketing, Organizational and Technology Innovation
- TM activities are nonlinear
- TM tools include Patent Analysis, Portfolio Management, Roadmapping, S-curve, Stage-gate, and Value analysis
Technology Adds Value
- Technology is essential for creating value in today's world.
Technology Management (TM)
- The text focuses on the importance of technology management.
Innovation Types
- Product innovation is a form of innovation.
- Process innovation is also a form of innovation.
- Marketing innovation is another form of innovation.
- Organizational innovation is a key aspect of innovation.
- Technology innovation is essential for all types of innovation.
Non-linearity of TM Activities
- Technology management activities are often non-linear.
TM Tools
- Patent analysis is a tool for understanding the competitive landscape.
- A portfolio management tool helps to manage a company's intellectual property.
- Roadmapping is a tool for planning technology development.
- The S-curve is a tool to analyze the lifecycle of a technology.
- Stage-gate is a tool that helps to manage the development process.
- Value analysis is a tool for assessing the value of different technologies.
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Description
Test your knowledge on Technology Management and its value in the modern world. Explore essential concepts including innovation types and various TM tools used to enhance organizational effectiveness. Dive into the nonlinear activities that contribute to successful technology management.
