Vorlesung - Technology & Strategy an der LMU München

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Lerne jetzt mit Karteikarten und Zusammenfassungen für den Kurs Vorlesung - Technology & Strategy an der LMU München.

Beispielhafte Karteikarten für Vorlesung - Technology & Strategy an der LMU München auf StudySmarter:

Why do technologies often improve faster than customer requirements? What are the advantages and disadvantages to a firm of developing a technology beyond the current state of market needs?

Beispielhafte Karteikarten für Vorlesung - Technology & Strategy an der LMU München auf StudySmarter:

Several studies indicate that the use of collaborative research agreements is increasing around the world. What are some of the reasons collaborative research is becoming more prevalent?

Beispielhafte Karteikarten für Vorlesung - Technology & Strategy an der LMU München auf StudySmarter:

What are some of the advantages of collaborating on a development project?

Beispielhafte Karteikarten für Vorlesung - Technology & Strategy an der LMU München auf StudySmarter:

Why is it necessary to perform an external and internal analysis before the firm can identify its true core competencies?

Beispielhafte Karteikarten für Vorlesung - Technology & Strategy an der LMU München auf StudySmarter:

What are some of the reasons that both technology improvement and technology diffusion exhibit s-shaped curves?

Beispielhafte Karteikarten für Vorlesung - Technology & Strategy an der LMU München auf StudySmarter:

What are some of the reasons that established firms might resist the adoption of a new technology?

Beispielhafte Karteikarten für Vorlesung - Technology & Strategy an der LMU München auf StudySmarter:

Explain further how Strategic Alliances work as a an example for collaborative arrangements between firms

Beispielhafte Karteikarten für Vorlesung - Technology & Strategy an der LMU München auf StudySmarter:

When will trade secrets be more useful than patents, copyrights or trademarks?

Beispielhafte Karteikarten für Vorlesung - Technology & Strategy an der LMU München auf StudySmarter:

Name 3 means of protecting an innovation

Beispielhafte Karteikarten für Vorlesung - Technology & Strategy an der LMU München auf StudySmarter:

Name 5 Types of collaborative Arrangements between firms

Beispielhafte Karteikarten für Vorlesung - Technology & Strategy an der LMU München auf StudySmarter:

What traits appear to make individuals most creative? Are these the same traits that lead to successful inventions?

Beispielhafte Karteikarten für Vorlesung - Technology & Strategy an der LMU München auf StudySmarter:

To what degree do you think the creativity of the firm is a function of the creativity of individuals, versus the structure, routines, incentives, and culture of the firm? Can you give an example of a firm that does a particularly good job at nurturing and leveraging the creativity of its individuals?

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Beispielhafte Karteikarten für Vorlesung - Technology & Strategy an der LMU München auf StudySmarter:

Vorlesung - Technology & Strategy

Why do technologies often improve faster than customer requirements? What are the advantages and disadvantages to a firm of developing a technology beyond the current state of market needs?
-To get some “Title” as the best company, to predict customer requirements in advance, to gain the competitive advantage by preoccupied technologies, to achieve the firm’s goals (e.g., success in their targeted market, pricing objectives…), pure result from R&D
-Advantages: First-mover’s advantage, ownership of the future technologies (Monopoly, Patent), possible to lead the industry in the future
– Disadvantages: Doubtful investment in the new technology, customers’ pressure to learn the usage of the new technology, lack of distribution channels, Cannibalization of own existing products

Vorlesung - Technology & Strategy

Several studies indicate that the use of collaborative research agreements is increasing around the world. What are some of the reasons collaborative research is becoming more prevalent?
Collaborative research gives the opportunity to access knowledge from others in the industry, cluster of firms can attract other firms, better knowledge exchange, employees are gaining more experiences

Vorlesung - Technology & Strategy

What are some of the advantages of collaborating on a development project?
Advantages:
• Obtaining needed skills or resources more quickly
• Reducing asset commitment and increase flexibility
• Learning from partner
• Sharing costs and risks
• Can build cooperation around a common standard

Vorlesung - Technology & Strategy

Why is it necessary to perform an external and internal analysis before the firm can identify its true core competencies?
– to identify firms strengths and weaknesses
– to asses the market, get to know competitors/complements, etc. –> know how to succeed and what risk there are
– analyse stake holders

Vorlesung - Technology & Strategy

What are some of the reasons that both technology improvement and technology diffusion exhibit s-shaped curves?
Technology diffusion: Adoption is initially slow because technology is unknown, it accelerates as technology becomes better understood and eventually market is saturated and rate of new adoptions decline
Technology improvement: Technology improves slowly at first because it is poorly understood, then accelerates as understanding increases and then tapers off as approaches limit

Vorlesung - Technology & Strategy

What are some of the reasons that established firms might resist the adoption of a new technology?
– During era of incremental change firms might be too focused on developing competencies related to the dominant design
– Think its too risky, because performance improvement is initially slow and costly –> might rather invest in incumbent technology

Vorlesung - Technology & Strategy

Explain further how Strategic Alliances work as a an example for collaborative arrangements between firms
Strategic Alliances are formal or informal agreements between two or more organizations (or other entities) to cooperate in some way.

A firm’s alliance strategy might emphasize combining complementary capabilities or transferring capabilities. It might also emphasize individual alliances or a network of alliances.

Vorlesung - Technology & Strategy

When will trade secrets be more useful than patents, copyrights or trademarks?
• Firm can protect proprietary product or process as trade secret without disclosing detailed information that would be required in patent
-Trade secrets are often useful when the item does not meet the requirements forprotection under another form. For example, a recipe would have to be protected bytrade secret because list of ingredients are not patentable.

Vorlesung - Technology & Strategy

Name 3 means of protecting an innovation
Patents, Trademarks and Copyrights

Vorlesung - Technology & Strategy

Name 5 Types of collaborative Arrangements between firms
– Strategic Alliances
– Joint Ventures
– Licensing
– Outsourcing
– Collective Research Organizations

Vorlesung - Technology & Strategy

What traits appear to make individuals most creative? Are these the same traits that lead to successful inventions?
– Are curious, interested in problem
– Have knowledge not only from field they work in but from others as well(can combine)
– Question previously made assumptions
– Have to be able to combine creativity with resources and expertise

Vorlesung - Technology & Strategy

To what degree do you think the creativity of the firm is a function of the creativity of individuals, versus the structure, routines, incentives, and culture of the firm? Can you give an example of a firm that does a particularly good job at nurturing and leveraging the creativity of its individuals?
A firm can definitely influence the creativity of its employees by encouraging own projects, giving space for creativity and innovation. –> e.g. Google giving its employees some percentage of working time each week to work on their own projects, lead to many successful projects

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