Mock exam questions 2.0 Flashcards
What is a characteristic of sustaining technologies?
They improve the performance of established products along dimensions valued by mainstream customers.
Why might established companies overshoot their market with their products?
They provide more advanced products than customers need or are willing to pay for.
What is a common outcome for large companies that ignore small, emerging markets?
they miss out on significant growth opportunities when these markets expand.
Which of the following behaviors is associated with exploration?
Risk-taking
According to He & Wong (2004), what effect does an imbalance between explorative and exploitative innovation strategies have on firm performance?
Negative effect
What type of innovation strategy is characterized by innovation in products versus processes?
Product vs. Process Innovation.
Which transformational leadership attribute involves providing support, encouragement, and coaching to followers?
Individualized Consideration.
What is a key finding from Ling et al. (2008) regarding the impact of CEO transformational leadership on corporate entrepreneurship?
It is positively associated with TMT behavioral integration and risk propensity.
What is structural ambidexterity?
Creating separate structures for exploration and exploitation activities.
Which attribute does not define an organization’s context for ambidexterity, according to Birkinshaw & Gibson (2004)?
Centralization
What does Blue Ocean Strategy emphasize?
Creating new market spaces and making competition irrelevant.
What is one of the key questions in the ‘Eliminate-Reduce-Raise-Create’ framework?
What factors should be reduced well below the industry’s standard?
Which type of Open Innovation involves incorporating external inputs and contributions into the company’s innovation processes?
Outside-In
What is a key benefit of using competitions as a mechanism in open strategy?
Engaging crowds to solve strategic challenges.
What is one advantage of strategic alliances over mergers and acquisitions (M&As)?
Greater flexibility in dynamic market conditions.
