Technology and Innovation at TU München

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Study with flashcards and summaries for the course Technology and Innovation at the TU München

Exemplary flashcards for Technology and Innovation at the TU München on StudySmarter:

What is meant by "creative destruction"?

a. outcompeting and possibly destroying other firm by creative means (guerilla marketing)

b. the fact that innovation creates winners and losers and may destroy existing firms altogether

c. the fact that creativity of young employees is often destroyed in established companies.

d. creative workers often outperform their less creative collegues, effectively destroying carrers

Exemplary flashcards for Technology and Innovation at the TU München on StudySmarter:

When using quantitative approach for forecasting, which set of method is least suitable

a. analogy method, panel survey, cross impact analysis

b. lead user methos, analysis of ARMA models, input-output analysis

c. multiple regression, econometrical models

d. seasonal model, growth and saturation models


Exemplary flashcards for Technology and Innovation at the TU München on StudySmarter:

Which statement about the efficiency effect is not correct?

a. means that the incentive of a monopolist to remain a monopolist is lager than incentive of a new market entrant to become a duopolist alongside the monopolist

b. implies that a monopolist has a larger incentive than new entrants to perform incremental innovattions (which would lead to doupoly if performed by an entrant)

c. implies that cost-reducing (efficiency-enhancing) innovations are more profitable for a monopolist because it has a larger output than a firm in oligopoly or a competitive marekt

d. applies for incremental innovation, while for radical / drastical the cannibalization effect matters


Exemplary flashcards for Technology and Innovation at the TU München on StudySmarter:

which of these statements about PLC is NOT correct?

a. in the transitional phase, plants are typically small scale and located near the user

b. in the fluid stage, the focus of R&D is typically unspecifies (because of uncertainty)

c. in the speciif phase, organisational control is most based on strucutre, rules, goals

d. in the fluid phase, the basis of competition is most functionally product performance


Exemplary flashcards for Technology and Innovation at the TU München on StudySmarter:

What is sticky information?

Exemplary flashcards for Technology and Innovation at the TU München on StudySmarter:

Which is the value addded information of ht eAbernaty clark and Henderson clark static models? 

a. incumbents may do well at radical innovation and may fall at seemingly incremental innovations

b.incumbents may do well at incremental innovation and may fall at seemingly radical innovations

c. new firms are prone to produce disruptive innovations and often disregard merely functional innovation

d. new firms are prone to produce revolutionary innovations and often open up entirely new markets

Exemplary flashcards for Technology and Innovation at the TU München on StudySmarter:


3 theorems for the promoter model 

correspondence , division of labour t. and interaction theorem 



Exemplary flashcards for Technology and Innovation at the TU München on StudySmarter:

Which statement about "disruptive" innovation is not correct according to Christensens?

a. initially inferior to existing solution with respect to established dimensions of performance

b. often cause problems for incumbents because these are overly focused on existing customers

c. are typically first adopted in new markets or market niches, which later grow and become important

d are technically superior to existing solution and require more capabilites that incumbents do not have

Exemplary flashcards for Technology and Innovation at the TU München on StudySmarter:

Which of the following most accurately descrives ACTIVE innovation strategy?

a. use of science, own R&D and collaboration with thecnilogy leaders and lead customers as knowledge sources for their innovative activites

b. focus on customer with NO regard to competitors as a knowledge sources for their innovative activites

c. sufficient to rely on in-house R&D, collaboration with technology leaders, customers and suppliers to retrive knowledge sources for their innovative activites

d. gain knowledge for their innovation by analyzing competitors, listening to their customers and purchasing licences



Exemplary flashcards for Technology and Innovation at the TU München on StudySmarter:

Quality Function Deployment 

a. is a performance management tool used by managers to keep track of the quality and execution time of the firms innovative activites

b. is a systematic, interactive mehtod for evaluating innovation success by inviting cusotmers to provide feedback

c. focues on the customers quality requirements regarding each individual function of the product

d. shows in a RS matrix how engineering decisions affect customer perceptions of a product


Exemplary flashcards for Technology and Innovation at the TU München on StudySmarter:

ecological, rational-ecological and rational-technological arguments are different forms of restistance against innovation. Which of the following is not a rational-technological argument

a. "does it work?"

b. "necessity must be proven"

c. "now is not a good time"

d. "it is not feasible with our employees skill sets/products/processes"


Exemplary flashcards for Technology and Innovation at the TU München on StudySmarter:

When using qualitative approach for forecasting, which set of method is least suitable

a. analogy method, panel survey, cross impact analysis

b. lead user methos, analysis of ARMA models, input-output analysis

c. Customer interviews, market experiments, consumer group analysis

d. scenario analysis, delphi analysis


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Exemplary flashcards for Technology and Innovation at the TU München on StudySmarter:

Technology and Innovation

What is meant by "creative destruction"?

a. outcompeting and possibly destroying other firm by creative means (guerilla marketing)

b. the fact that innovation creates winners and losers and may destroy existing firms altogether

c. the fact that creativity of young employees is often destroyed in established companies.

d. creative workers often outperform their less creative collegues, effectively destroying carrers

c

Technology and Innovation

When using quantitative approach for forecasting, which set of method is least suitable

a. analogy method, panel survey, cross impact analysis

b. lead user methos, analysis of ARMA models, input-output analysis

c. multiple regression, econometrical models

d. seasonal model, growth and saturation models


a

Technology and Innovation

Which statement about the efficiency effect is not correct?

a. means that the incentive of a monopolist to remain a monopolist is lager than incentive of a new market entrant to become a duopolist alongside the monopolist

b. implies that a monopolist has a larger incentive than new entrants to perform incremental innovattions (which would lead to doupoly if performed by an entrant)

c. implies that cost-reducing (efficiency-enhancing) innovations are more profitable for a monopolist because it has a larger output than a firm in oligopoly or a competitive marekt

d. applies for incremental innovation, while for radical / drastical the cannibalization effect matters


c

Technology and Innovation

which of these statements about PLC is NOT correct?

a. in the transitional phase, plants are typically small scale and located near the user

b. in the fluid stage, the focus of R&D is typically unspecifies (because of uncertainty)

c. in the speciif phase, organisational control is most based on strucutre, rules, goals

d. in the fluid phase, the basis of competition is most functionally product performance


a

Technology and Innovation

What is sticky information?

information users have about their own product needs that is not easily transferred to potential manufacturers. Implications are that such users may innovate themselves

Technology and Innovation

Which is the value addded information of ht eAbernaty clark and Henderson clark static models? 

a. incumbents may do well at radical innovation and may fall at seemingly incremental innovations

b.incumbents may do well at incremental innovation and may fall at seemingly radical innovations

c. new firms are prone to produce disruptive innovations and often disregard merely functional innovation

d. new firms are prone to produce revolutionary innovations and often open up entirely new markets

a

Technology and Innovation


3 theorems for the promoter model 

correspondence , division of labour t. and interaction theorem 



c.t.: specifiy types of resistance to innovation require specific sources of power to overcome them

dl.t. whenever possible, promotors should maintain the natural division of labor between R&D and marketing

I.t. promoters need to cooperate to make the innovation process succesful.

Technology and Innovation

Which statement about "disruptive" innovation is not correct according to Christensens?

a. initially inferior to existing solution with respect to established dimensions of performance

b. often cause problems for incumbents because these are overly focused on existing customers

c. are typically first adopted in new markets or market niches, which later grow and become important

d are technically superior to existing solution and require more capabilites that incumbents do not have

d

Technology and Innovation

Which of the following most accurately descrives ACTIVE innovation strategy?

a. use of science, own R&D and collaboration with thecnilogy leaders and lead customers as knowledge sources for their innovative activites

b. focus on customer with NO regard to competitors as a knowledge sources for their innovative activites

c. sufficient to rely on in-house R&D, collaboration with technology leaders, customers and suppliers to retrive knowledge sources for their innovative activites

d. gain knowledge for their innovation by analyzing competitors, listening to their customers and purchasing licences



c

(a: proactive, b: passive, d:reactive)

Technology and Innovation

Quality Function Deployment 

a. is a performance management tool used by managers to keep track of the quality and execution time of the firms innovative activites

b. is a systematic, interactive mehtod for evaluating innovation success by inviting cusotmers to provide feedback

c. focues on the customers quality requirements regarding each individual function of the product

d. shows in a RS matrix how engineering decisions affect customer perceptions of a product


c

Technology and Innovation

ecological, rational-ecological and rational-technological arguments are different forms of restistance against innovation. Which of the following is not a rational-technological argument

a. "does it work?"

b. "necessity must be proven"

c. "now is not a good time"

d. "it is not feasible with our employees skill sets/products/processes"


b

Technology and Innovation

When using qualitative approach for forecasting, which set of method is least suitable

a. analogy method, panel survey, cross impact analysis

b. lead user methos, analysis of ARMA models, input-output analysis

c. Customer interviews, market experiments, consumer group analysis

d. scenario analysis, delphi analysis


b

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