Management of Technology & Innovation (VV2)
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1 . Discuss the Business cycles .
2 . Differentiate betweentechnology sourcing and transfer.
3 . Explain Value dynamics in technology and innovation.
4 . Discuss Creation & development of ideas.
5 . Explain Lasting & differentiating leadership.
6 . Describe the Innovation Models.
7 . Explain Strategic Innovation.
8 . Discuss the Innovation project management .
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Case Detail :
The business cycle or economic cycle is the downward and upward movement of gross domestic product (GDP) around its long-term growth trend.The length of a business cycle is the period of time containing a single boom and contraction in sequence. These fluctuations typically involve shifts over time between periods of relatively rapid economic growth (expansions or booms), and periods of relative stagnation or decline (contractions or recessions).
Business cycles are usually measured by considering the growth rate of real gross domestic product. Despite the often-applied term cycles, these fluctuations in economic activity do not exhibit uniform or predictable periodicity.
The common or popular usage boom-and-bust cycle refers to fluctuations in which the expansion is rapid and the contraction severe.
1. Explain the business cycle.
2. How are business cycles measured?
3. What does a business cycle explain?
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1.Technology & Innovation Management is at the intersection of
strategy
technology
operations
all of the above
2. It provides executives with the understanding of how technology works in the innovation process and enables them to make sound business decisions.
Technology & Innovation Management
project mgt
cash mgt
inventory mgt
3. Successful innovation is inherently multi-functional and matches a profound understanding of user needs and wants to a distinctive ……………competence.
commercial
human
operations
technical
4. The ………method is a structured communication technique, originally developed as a systematic, interactive forecasting method which relies on a panel of experts.
ABC
VED
Delphi
all of the above
5. The virtues of the use of rational methods are as follows:
They can be taught and learned
They can be described and explained
They provide a procedure followable by anyone who has absorbed the necessary training
all of the above
6. Commonly adopted methods of technology forecasting include the
Delphi method
forecast by analogy
growth curves
all of the above
7. Innovation management allows the organization to respond to external or internal opportunities, and use its ……. to introduce new ideas, processes or products
creativity
cash
loss
profit
8. ……………. management is the management of innovation processes.
Innovation
project mgt
cash mgt
inventory mgt
9. A ……..process is based on existing or newly invented technology, that the organization has access to, and tries to find profitable applications for.
pulled
pushed
both of the above
none of the above
10. A ……….process is based on finding areas where customers needs are not met, and then find solutions to those needs.
pulled
pushed
both of the above
none of the above
11. The ……………of products is getting shorter because of increased competition.
PLC
SDLC
SLC
GLC
12. Innovation managers must therefore ……………development time, without sacrificing quality or meeting the needs of the market.
increase
decrease
same
none of the above
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13. An essential part of developing the science and technology base for sustained competitive advantage is to build the organizations capacity to manage innovation successfully.
Technology & Innovation Management
project mgt
cash mgt
inventory mgt
14. It refers both to product and organizational innovation.
Innovation mgt
project mgt
cash mgt
inventory mgt
15. The………….Model of Innovation is an early model of innovation that suggests technical change happens in a linear fashion from Invention to Innovation to Diffusion.
simple
Linear
both of the above
none of the above
16. Current models of innovation deriving from approaches such as
Actor-Network Theory
Social shaping of technology
social learning
all of the above
17. ………. is defined simply as a “new idea, device, or method”
competition
Innovation
technology
operations
18. Innovation is often manifested via the …………. process.
engineering
inventory
commercial
production
19. Normative methods of technology forecasting — like the
relevance trees
morphological models
mission flow diagrams
all of the above
20. There are several ………… of innovation. It can occur as a result of a focus effort by a range of different agents, by chance, or as a result of a major system failure.
models
sources
TYPES
class
21. An important innovation factor includes ……………. buying products or using services.
customers
producers
retailers
manufacturers
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22. The ……………curve derives from an assumption that new products are likely to have “product life” – i.e., a start-up phase, a rapid increase in revenue and eventual decline.
s
a
p
c
23. This is accomplished through more-effective products, processes, services, technologies, or business models that are readily available to markets, governments and society.
competition
Innovation
technology
operations
24. …………. innovation is an organization’s process of reinventing or redesigning its corporate strategy to drive business growth, generate value for the company and its customers, and create competitive advantage.
Strategic
classic
standard
close
25. Innovations that are unique or state-of-the-art technological advances in a product category that significantly alter the consumption patterns of a market
Strategic
classic
standard
breakthrough
26. It is both a process and an outcome.
competition
Innovation
technology
operations
27. Strategic innovation often refers to innovation projects that occur at the ………. level.
executive
lower
middle
higher
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28. A company needs to choose the right organizational model for the………..team to suit the nature of the business and its challenges.
Strategic
classic
standard
breakthrough
29. It can be considered …………….if that increased efficiency or cost effectiveness threatens to make the competition’s business model obsolete.
Disruptive
Strategic
classic
standard
30. It is related to, but not the same as, invention.
competition
Innovation
technology
operations
31. The length of a business cycle is the period of time containing a ……….boom and contraction in sequence.
single
continuous
twice
thrice
32. This type of innovation is essential for organizations to adapt to the speed of technology change.
Strategic
classic
standard
close
33. ………………is the process of two or more people or organizations working together to realize or achieve something successfully.
Collaboration
Strategic
classic
standard
34. Most collaboration requires…………., although the form of leadership can be social within a decentralized and egalitarian group.
motivation
leadership
both of the above
none of the above
35. The first prerequisite is having a well-defined breakthrough strategy and goals.
Strategic
classic
standard
breakthrough
36. Teams that work collaboratively can obtain greater resources, recognition and reward when facing …… for finite resources.
competition
Innovation
technology
operations
37………… enables individuals to work together to achieve a defined and common business purpose.
Collaboration
Strategic
classic
standard
38. Collaboration relies on ………………..but also some level of focus and accountability on the part of the business organizations.
openness
knowledge sharing
both of the above
none of the above
39. Governance should be established addressing the creation and closing of ..workspaces with assignment of responsibility for capturing the emergent results of the collaborative effort.
team
single
both of the above
none of the above
40……………can be defined as something original and more effective and, as a consequence, new, that “breaks into” the market or society.
competition
Innovation
technology
operations
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