MGMT 364 Fina;
Technological spillover
A positive externality from R&D resulting from the spread of knowledge across organizational or regional boundaries.
Lower mean - higher variance
Compared to single-discipline based collaboration, what is likely to be the mean and variance of the output from multidisciplinary collaboration?
The invention must be manufactured in the country where the patent was granted within a specified period of time.
To ensure that companies do not receive patents in countries where they has no intention to set up production of the invention, some countries have a "working requirement" that says:
Return on innovation
Which of the following measures assesses the ratio of the firm's total profits from new products to its total expenditures?
Faster innovation due to competitive pressure
Which one of the following is not a source of late-mover advantages?
Schumpeterian gales of creative destruction always drive the pioneers to succumb to entrants.
Which one of the following statements is not consistent with the "Profiting from Innovation" (PFI) framework by Pisano and Teece (2007)?
Most growth opportunities in emerging markets are at the top market, where the gaps between customers' needs and those of their developed world counterparts are enormous.
Which one of the following statements is not consistent with the idea of "reverse innovation" in V. Govindarajan (2012)?
This process is particularly useful for uncertain innovation projects because it is robust to different assumptions for the hurdle rate.
Which one of the following statements is not true for the stage-gate development process?
It allows the firm to skip some parts of the innovation cycle
A DVD manufacturing company is considering involving the suppliers of the electronic components used in its DVD players/recorders in the concept development and design of a new version of its products. Which one of the following is not a benefit of including suppliers in that process?
Incumbent inertia
Fashion Fair, the first mover in the "all year discount" stores market, lost its market share to a late entrant—Brand Fair. Brand Fair operated its discount stores solely over the Internet, which, in turn, saved a lot of expenses. However, Fashion Fair was unable to adopt the online store business model due to its existing contracts with suppliers and investment in a physical infrastructure. This is an example of:
He cannot receive a patent since he is merely making the sunglasses more portable.
Felix has designed a pair of sunglasses that can be folded and put into a case that easily fits into a shirt or pant pocket. Felix wants to know if he can receive a patent on this invention. Which of the following responses is most accurate under the U.S. patent law?
True
For a new technology to be successful in a market, it is not enough for the new technology's stand-alone utility to exceed that of the incumbent standard.
True
If a tobacco farmer invents a new plant that one can smoke without experiencing any negative health effects and can be asexually reproduced, then he or she can receive a plant patent for it.
True
In the context of design rules for fabricated assembly products, minimizing the number of parts for a product reduces direct labor and material handling costs
False
In the product development process, expenditures increase as uncertainty increases.
Late Majority
Iris is quite skeptical about new innovations and is likely to adopt something new after getting some pressure from her peers. However, she is not so risk averse that she will wait until all uncertainty of a new technology has been resolved; she's willing to accept a little uncertainty if her peers already use the product. Which of the following adopter categories does Iris belong to?
Yes, her recipe can be considered a trade secret and she can legally prevent others from benefiting from her recipe without her permission
Sally has come up with a unique recipe for cookies and has started selling them through exclusive outlets all around Atlanta. The sales are skyrocketing and her friends tell her to patent the recipe. However, she does not want to reveal her secret ingredients even to any government agency. Is there anything she can do to keep the recipe legally protected?
Use linkages with other specialized firms to access resources they do not possess.
When technology is progressing rapidly, firms are more likely to:
Network externalities
When the value of a good to a user increases with the number of other users of the same or similar good. Also called positive consumption externalities.
It enables a firm to tap the greater economies of scale
Which of the following is true of contract manufacturing?
It is a method of facilitating integration between engineering and manufacturing.
Which of the following is true of design for manufacturing (DFM) methods?
Slow technological evolution and fast market evolution
Which one of the following combination of the paces of technological evolution and market evolution will most likely lead to first-mover advantages in both short term and long term?
Trademarks are an indicator used to distinguish the source of a good
Which one of the following is a correct statement about the difference between copyrights and trademarks?
Flat - requires all parties to arrive at mutually beneficial solutions
Which one of the following is incorrectly explaining the advantages of the corresponding collaboration structure?
Monopoly pricing
Which one of the following is not an appropriate strategy or tactic in standards wars?
Committee-based decisions
Which one of the following is not an element in the DARPA model (Dugan & Gabriel 2013)?
Entry timing
Which one of the following is not an environmental factor that influences the outcome of a battle for technological dominance?
Reliable Forecasts
Which one of the following is the best indicator that a new business is learning?
If an innovation is truly innovative, complementary assets may not be essential for successful commercialization.
Which one of the following statements is not appropriate for complementary assets?
True
Trademarks must be registered before a suit can be brought in federal court against an infringement of the mark.
It will be able to provide complementary goods to enhance the attractiveness of its product.
Trekker Inc. has developed a product with a very short product development cycle. Which of the following results can it typically expect?
Absorptive capacity
The ability of an organization to recognize, assimilate, and utilize new knowledge.
The projected value of an innovation must be assessed against a range of scenarios, the least likely of which is often deteriorating the competitive and financial future.
According to Christensen, Kauffman and Shih (2008), which one of the following statements is not true?
Asset is not critical and requires a minor investment - up to management's discretion
According to Teece (1986) framework, which one of the following strategies is optimal for a given combination of the importance of a complementary asset/business for profiting from innovation and the level of capital requirement for investment?
It can be patented as it is useful, novel, and not obvious.
After much research, Angela has designed a new automobile tire that has a unique polycarbonate exterior that cannot be punctured. In the context of patenting this invention, which of the following statements is true under the U.S. patent law?
The network externality returns curves flatten out sooner
Between two technologies competing for dominance, when customers attain their desired level of network externality benefits at lower market share levels:
Only in countries which Sandy chooses among the members of the Madrid Union
Sandy lives in a country that is a member of the Madrid Union and has registered her trademark within her country. That trademark is now protected:
The technology will accrue more rapid adoptions.
Singing Cards has decided to make the technology behind the making of musical cards open. Which of the following is likely to be one of the advantages associated with this decision?
