MGMT 4860 Ch 7

all but the most efficient firms

during the shakeout stage of the industry life cycle, profits degrade for what firms?

process innovations

after a standard is established in an industry, firms tend to focus more on __________ innovations

strategic entrepreneurship

applying concepts from the strategic management to the innovation process is known as.....

type of customer and level of innovation and then number and size of competitors

characteristics that change as the industry life cycle progresses

strategic entrepreneurship

combining entrepreneurship with the concepts of strategic management in order to achieve a competitive advantage

invention

creating new products out of new or existing ideas is known as...

becomes more important

during the shakeout stage of the industry life cycle, process innovation become less or more important?

late and early majority

two customer segments that make up the largest percentage of the market potential

architectural innovation

using known components, based on existing technologies, in a new configuration to create a new market, is known as....

the internet

which of the following has helped companies adopt an open innovation approach?

Disruptive traditional

Educational organizations such as Coursera are ____________ ___________ universities by offering massive online courses on the web.

the late majority is not confident in using new technologies

a significant difference between the early majority and the late majority is that....