QUIZ ELEC 1 Flashcards
Is effort directed at increasing understanding of a topic or field without a specific immediate commercial application in mind.
BASIC RESEARCH
The act of introducing a new device, method, or material for application to commercial or practical objectives.
TECHNOLOGICAL INNOVATION
________ and ________ have made it easier and faster for firms to design and produce new products, while flexible manufacturing technologies have made shorter production runs economical and have reduced the importance of production economies of scale.
COMPUTER AIDED DESIGN AND COMPUTER AIDED MANUFACTURING
The ability of an organization to recognize, assimilate, and utilize new knowledge.
ABSORPTIVE CAPACITY
Research targeted at increasing knowledge for a specific application or need.
APPLIED RESEARCH
What do you mean by Product life cycles?
The time between a product’s introduction and its withdrawal from the market or replacement by a next-generation product
It enables a wider range of goods and services to be delivered to people worldwide.
INNOVATION
According to the book of Mellissa Schilling, the following statement explains that why is innovation important, except:
Yielded educational treatments that improve mind conditions
These occur when the benefits from the research activities of one firm (or nation or other entity) spill over to other firms (or nations or other entities)
TECHNOLOGICAL SPILLOVERS
Costs (or benefits) that are borne (or reaped) by individuals other than those responsible for creating them.
EXTERNALITIES
The following are production technologies may create pollution that is harmful to the surrounding communities, except:
EXCEPT
A firm’s new product development process should maximize the likelihood of projects being both technically and commercially successful. To achieve these things, a firm needs, except:
a well-known process strategy
It has made the production of food and other necessities more efficient, yielded medical treatments that improve health conditions, and enabled people to travel to and communicate with almost every part of the world.
innovation
Innovation begins with the generation of new ____?
IDEAS
One important intellectual ability for creativity is a person’s ability to let their mind engage in a visual mental activity termed ____?
primary process thinking
These are people that often have no initial intention to profit from the sale of their innovation––they create the innovation for their own use.
user innovators
Who noted that primary process thinking was most likely to occur just before sleep or while dozing or daydreaming; others have observed that it might also be common when distracted by physical exercise, music, or other activities.
Sigmund Freud
The personality trait most often associated with creativity is “_______.”
openness to experience
_______ has also been shown to be very important for creativity.
Intrinsic motivation
Are organizations (or individuals) that produce complementary goods, such as lightbulbs for lamps, chargers for electric vehicles, or applications for smartphones.
complementors
Regional clusters of firms that have a connection to a common technology, and may engage in buyer, supplier, and complementor relationships, as well as research collaboration.
technology clusters
An innovation that is very new and different from prior solutions.
radical innovation
A product design that is adopted by the majority of producers, typically creating a stable architecture on which the industry can focus its efforts.
dominant design
Anderson and Tushman found that each technological discontinuity inaugurated a period of turbulence and uncertainty which they termed as
era of ferment
In this era, firms focus on efficiency and market penetration.
era of incremental change
A private network, accessible only to authorized individuals. It is like the Internet but operates only within the organization.
Intranet
The impact of knowledge on creativity is somewhat single-edged.
FALSE
The ability to generate new and useful ideas is termed creativity.
TRUE
Novel work must be different from work that has been previously produced and surprising in that it is not simply the next logical step in a series of known solutions.
TRUE
