True of innovation in the context of management

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Reference no: EM132236142

1. Which of the following is true of innovation in the context of management?

a. It is the manifestation of a new idea.

b. It is the development of a new skill.

c. It is the same as an invention.

d. It is a new method that creates value.

e. It seldom adds value to an organization.

2. A change in the way outputs are produced is referred to as

A. concentric diversification.

B. product innovation.

C. vertical integration.

D. cognitive innovation.

E. process innovation

3. Which of the following refers to the stage of the technology life cycle that is characterized by recognition of a need and a perception of a means to satisfy it through applied science or knowledge, and slow progress? Refer to Exhibit 17.2.

A. measuring current technologies

B. identifying early problems

C. unleashing creativity

D. benchmarking

E. assessing external technological trends

4. Of the five groups of adopters of a new technology, the group that includes the people or organizations to which others look for leadership, ideas, and up-to-date technical information are known as the _____.

A. early majority

B. late majority

C. laggards

D. innovators

E. early adopters

Reference no: EM132236142

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