Strayer University, BUS363 Week 11 Final Exam Tech & Innov in Entrepreneurship (Chapters 7, 8, 10, 11, 12, 15, 16, and 17). (ALL CORRECT ANSWERS )

Document Content and Description Below

Week 11 Final Exam Course Tech & Innov in Entrepreneurship Test Week 11 Final Exam Instructions This Final exam consists of 50 multiple choice questions and covers the material in Chapters 7,... 8, 10, 11, 12, 15, 16, and 17. Results Displayed Submitted Answers, Correct Answers, Feedback • Question 1 3 out of 3 points Which of the following is NOT a strategy for picking up weak signals about discontinuities? Response Feedback: Good work • Question 2 3 out of 3 points Discontinuous shifts in technology always favor newcomer firms and established firms inevitably fail to take advantage of them. Response Feedback: Good work • Question 3 3 out of 3 points The growing success of low cost airlines in the travel market is an example of disruptive innovation. Response Feedback: Good work • Question 4 3 out of 3 points A dominant design is one imposed by the largest firm in a sector on the rest of that industry. Response Feedback: Good work • Question 5 3 out of 3 points The 'fluid' pattern in Abernathy and Utterback's model is characterized by incremental product and process innovation. Response Feedback: Good work • Question 6 3 out of 3 points The focus of innovation for sustainability is different to that of innovation for competitiveness, except for: Response Feedback: Good work • Question 7 3 out of 3 points Innovation in socio-technical systems has a number of distinctive characteristics which make it impossible to manage. Which of the following is not a characteristic of innovation in such systems? Response Feedback: Good work • Question 8 3 out of 3 points Identifying novel niches is more difficult than conventional marketing or new product development because: Response Feedback: Good work • Question 9 3 out of 3 points Which characteristics are not positively associated with the rapid diffusion and widespread adoption of an innovation? Response Feedback: Good work • Question 10 3 out of 3 points Innovation can contribute to sustainability in a number of ways. Which of the following is not an example of a positive contribution? Response Feedback: Good work • Question 11 3 out of 3 points Firms join innovation networks primarily to reduce their costs. Response Feedback: Good work • Question 12 3 out of 3 points Open innovation is Response Feedback: Good work • Question 13 3 out of 3 points A supplier development program involving a major buyer firm and several of its key suppliers offers an opportunity for establishing a learning network. Response Feedback: Good work • Question 14 3 out of 3 points Innovation networks are only used in new product development and do not apply in service sectors. • Question 15 3 out of 3 points The theory of networks talks about 'emergent properties' – essentially where the whole is greater than the sum of the parts. Which of the following is not an emergent property of an innovation network? • Question 16 3 out of 3 points In innovation networks, bigger is always better - the more players in the network the more effective it is? • Question 17 3 out of 3 points Necessity is always the mother of invention. Innovation only succeeds when there is a clear user need. • Question 18 3 out of 3 points A simplified four-stage model is sufficient to discriminate between the various factors which must be managed at different stages of development. Which of the following is not normally a stage in this process? • Question 19 3 out of 3 points Potential projects can be assessed by a number of criteria. Which of the following is not commonly used? • Question 20 3 out of 3 points A wide range of methods and techniques are available for identifying potential innovations in the external environment. Some of these are more suited to radical innovations than more routine product development. Which of the following techniques is least effective for identifying radical innovations: • Question 21 3 out of 3 points Studies of new product development suggest four main types of team structure which of the following is not a valid description? • Question 22 3 out of 3 points Which of the following is not a fundamental difference between manufacturing and service operations? • Question 23 3 out of 3 points Almost two-thirds of new ventures fail within the first two years. Which of the following is not a common reason for failure? • Question 24 3 out of 3 points A business plan for a new venture has many components. Which of the following would you not expect to be a significant component in a business plan? • Question 25 3 out of 3 points What is not a common characteristic of an entrepreneur? • Question 26 3 out of 3 points Which of the following stages of funding of a new venture attract the least investment and interest from venture capitalists? • Question 27 3 out of 3 points Technology entrepreneurs are different to conventional entrepreneurs in all but which of the following ways: • Question 28 3 out of 3 points Cross-functional teams are an effective way to promote knowledge-sharing. Which of the following is generally not true of such teams? • Question 29 3 out of 3 points One of the central challenges in knowledge management is to encourage the exchange of tacit knowledge between communities of practice. Which of the following is not a useful means to encourage such exchange of knowledge: • Question 30 3 out of 3 points Which of the following conditions is not necessary for the granting of a patent: • Question 31 3 out of 3 points Using intellectual property rights (IPR) as a means of commercialising an innovation has many advantages, but also significant risks. Which of the following is not a common problem? • Question 32 3 out of 3 points Richard Hall's work on organizational memory and competencies identifies a number of sources of advantage. Which of the following is not a typical basis of competencies? • Question 33 3 out of 3 points C-Space (culture-space) is a useful conceptual framework for analysis which focuses on the structuring and flow of knowledge within and between organizations. Which of the following is not true? • Question 34 3 out of 3 points Which of the following characteristics of communities of practice is not true? • Question 35 3 out of 3 points Knowledge is different to information and data. Which of the following is not generally true? • Question 36 3 out of 3 points Some types of knowledge are more individual, others more collective. Which of the following is generally not true? • Question 37 3 out of 3 points There are many proven mechanisms to help transfer knowledge across an organization. Which of the following is not a widely-accepted method? • Question 38 3 out of 3 points A business model is: • Question 39 3 out of 3 points Which of these is not an example of a revenue stream? • Question 40 3 out of 3 points Which of these is not a useful feature of the business model concept: • Question 41 3 out of 3 points Which of these would you not expect to find in a description of a business model? • Question 42 3 out of 3 points 'Servitization' is: • Question 43 3 out of 3 points A bubble chart is: • Question 44 3 out of 3 points Which of the following would you NOT expect to hear in a successful innovating company? • Question 45 3 out of 3 points A Delphi panel is • Question 46 0 out of 3 points Which of the following is often associated with innovation success? • Question 47 3 out of 3 points Which of the following would you NOT expect to hear in an innovative organization? • Question 48 3 out of 3 points Which of these statements might you NOT expect people to make in an innovative organization? • Question 49 3 out of 3 points Which of the following would you NOT expect to hear people saying in an innovative organization? • Question 50 3 out of 3 points An organization might use a 'stage gate' system for innovation development in order to... [Show More]

Last updated: 1 year ago

Preview 1 out of 17 pages