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Practice for Contents of Innovation Management

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1. a 6. a 11. c 16. b

2. a 7. b 12. d 17 a

3. b 8. b 13. c 18 c

4. b 9. b 14. c 19 b

5. a 10. d 15. b 20 d

1. As a result of the rapid pace of innovation, the time between a product’s introduction and its withdrawal from the market
a. has become shorter.

2. The relationship between speed of innovation and product obsolescence is
a. direct (as innovation speed increases, products become obsolete more quickly).
3. The ______ of an economy is its total annual output, measured by final purchase price.
b. gross domestic product

4. If you were the director of R&D at a large pharmaceutical …show more content…

b. A radical innovation may eventually become incremental.

4. When a company that produced vinyl records for the music industry learned that music could be recorded on compact disks to sell, it was facing a competence _____ innovation.
b. destroying

5. When gutter shields were developed, they replaced gutter cleaning services for homeowners wishing to keep leaves and debris out of their gutters. In other words, the same need was met by an entirely new technology. This is an example of a(n) _____ technology. c. discontinuous

6. Handheld calculators replaced slide rules. This is an example of a(n) _____ innovation.
d. discontinuous

7. Many technologies become valuable to a wide range of potential users only after a set of _____ are developed for them.
b. complementary resources

8. Ron can be described as being highly skeptical about new ideas and products. He has not yet bought a satellite dish for his home because he is still unsure that it really works. Ron is also very worried about the expense of purchasing the satellite dish. According to this description, Ron is most likely a(n)
c. laggard.

9. When hardware and software were first introduced, Bill found it to be very confusing. He heard conflicting claims about which hardware to buy and which software system to use. When he finally bought something it did not work very well. This probably illustrates which stage of the technology evolution model as described by

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