FiltersDone

Question type

Essay

Multiple Choice

Short Answer

True False

Matching

Exam 15: Innovating and Changing

Show Answer

Share

---

All types

Filters

Study FlashcardsPractice ExamLearn

Question 1

True/False

Review LaterAdd Note

Review Later

The companies that lead change most effectively establish a sense of urgency.

A) True
B) False

Correct Answer

verified

True

Question 2

Multiple Choice

Review LaterAdd Note

Review Later

An independent research laboratory entered into an agreement with a multinational agricultural company for the development of a new hybrid seed for cold climates, in return for funding from the company. This method of acquiring technology is known as:

A) state funding.
B) internal development.
C) technology trading.
D) licensing.
E) contracted development.

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

Correct Answer

verified

Show Answer

Question 3

Multiple Choice

Review LaterAdd Note

Focused organizational effort to create a new product or process via technological advances is known as:

The _____ refers to the ability to achieve multiple objectives at the same time.

In an effort to decrease the amount of waste produced in her department, Taylor, a technician, developed a device. She felt that her device would be useful for all technicians. She tried to convince her supervisor and higher authorities to provide the resources needed to make the device on a large scale. Her role is that of a(n) :

There need not be a financial incentive for adopting new technology if a firm can "pull it off."

Explain at least three technology acquisition alternatives.

Benchmarking is the process of comparing the organization's use of technology over time.

Becoming world-class means merely striving to improve.

Scenario C. Use the information given below to answer the questions that follow. A large bureaucratic organization is about to undertake a massive change in the way they do business. These changes will include redesigning processes, reward systems, and managerial selection and training. It is believed that these changes will ultimately create a more efficient, effective, and profitable company. The organizational culture is also expected to eventually shift. The senior leaders in the organization have studied the general model for managing resistance to change and believe that they are prepared for the situation. -Which of the following is a direct way to help employees recognize that their old ways are obsolete?

A disadvantage of _____, a way of acquiring new technology, is that it usually requires additional staff and funding for long periods.

_____ means anticipating and preparing for an uncertain future.

Describe the different strategies used by companies to compete in an uncertain future.

Adapters try to change the structure of their industries, creating a future competitive landscape of their own design.

Which of the following technologies are still under development and thus are unproved?

A start-up had developed technological expertise in a particular area. It entered into an agreement with an established company that provided the start-up with funding and management know-how. This method of acquiring new technology is known as:

Scenario A. Use the information given below to answer the questions that follow. Your organization is at a critical growth stage with regard to its technology. A team of three people have been assigned specific jobs by the chief technology officer. The assignments are: • Study the key technologies on which an organization depends and their competitive value. • Look at other companies that are successful and identify ways in which your organization can emulate the practices of the other companies. • Find out what is new in the industry. Be an "industry detective"-everything from reading up on industry reports to attending meetings and listening closely to what people are talking about. -Based on the scenario, the third assignment is an example of:

Scenario A. Use the information given below to answer the questions that follow. Your organization is at a critical growth stage with regard to its technology. A team of three people have been assigned specific jobs by the chief technology officer. The assignments are: • Study the key technologies on which an organization depends and their competitive value. • Look at other companies that are successful and identify ways in which your organization can emulate the practices of the other companies. • Find out what is new in the industry. Be an "industry detective"-everything from reading up on industry reports to attending meetings and listening closely to what people are talking about. -Based on the scenario, the second assignment is an example of:

Joan, a retail designer, came up with a new design for trial rooms in clothing stores. According to her design, the changing rooms had talking mirrors that were connected to a computer that analyzed the reflection of the person and provided fashion advice. However, when the design was implemented in stores, numerous problems arose. The stores could not update the computer software quickly enough to reflect changing trends. Thus, the mirrors provided fashion tips that were out of sync with the present times and many customers were annoyed. The lack of _____ led to the failure of Joan's design.

_____ take the current industry structure and its future evolution as givens and choose where to compete.