Reference no: EM13703775

Answer the following questions and also justify your answers with appropriate examples

Question 1: Define the subsequent terms:

Part 1: Product life cycle

Part 2: Porter's 5 major forces

Part 3: Architectural technology

Part 4: t-statistics

Question 2: What is technology S-curve? Provide an example that explains how to use S-curves to prescribe development of new component technologies.

Question 3: Look into web site of Steel Dynamics, a Fort Wayne-based steel manufacture, and openly published document, its competitors.

Then use the info appear in Reading II-3, pp. 282-283 to describe the Steel Dynamic's manufacturing process, and note if any new "Process Architecture" is deployed.

Question 4: Can a firm increase the variability and diversity of its product line while simultaneous realizing the higher possible level of efficiency? Provide one product example for illustration.

Question 5: Is a high rate of product innovation consistent with efforts to substantially reduce costs through extensive backward integration? Provide one product as an example for illustration purpose.

Question 6: Is government policy to maintain diversifies markets for technologically active industries consistent with a policy that seeks a high rate of effective product innovation?

Use most new U.S. SmartGrid and healthcare IT policies for discussion purposes.

Question 7: Can the government stimulate productivity by forcing a young industry to standardize its products before a dominant design has been realized?

Use most recent U.S. SmartGrid and healthcare IT policies for discussion purposes.