STRATEGIC MANAGEMENT A
COMPETITIVE ADVANTAGE APPROACH
CONCEPTS AND CASES 18TH EDITION FRED
DAVID FOREST DAVID M
⫸ Which are the four steps of the innovation process Answer: 1.
Innovation
2. Invention
3. Imitation
4. Idea
⫸ Place the S-curve developement of most industries in order, with the
first step at the top. Answer: 1. Demand for a new product is slow to
take off.
2. Demand accelerates.
3.Demand decelerates
4. Demand turns to zero
5. Demand becomes negative as a market contracts.
⫸ The tendency of customers to enter the market in large numbers
during the growth stage of the industry life cycle is known as the
__________ effect. Answer: Herding
, ⫸ Match the type of innovation (on the left) with an example (on the
right). Answer: Product - Electric Vehicle
Process - Biotechnology
⫸ Which of the following is a primary factor in avoiding creative
destruction. Answer: innovations
⫸ Which of the following are stages of the industry life cycle? Answer:
1. Growth
2. Introduction
3. Maturity
4. Decline
5. Shakeout
⫸ Taking on an economic risk in order to innovate is known as
___________ Answer: entrepreneurship
⫸ Which of the following are types of innovation? Answer: 1.
Disruptivef
2. archetectural
3. radical
4. incremental
⫸ Innovations that taret NEW markets and represent a major break from
existing technologies or ways of thinking, such as the digital cameram
COMPETITIVE ADVANTAGE APPROACH
CONCEPTS AND CASES 18TH EDITION FRED
DAVID FOREST DAVID M
⫸ Which are the four steps of the innovation process Answer: 1.
Innovation
2. Invention
3. Imitation
4. Idea
⫸ Place the S-curve developement of most industries in order, with the
first step at the top. Answer: 1. Demand for a new product is slow to
take off.
2. Demand accelerates.
3.Demand decelerates
4. Demand turns to zero
5. Demand becomes negative as a market contracts.
⫸ The tendency of customers to enter the market in large numbers
during the growth stage of the industry life cycle is known as the
__________ effect. Answer: Herding
, ⫸ Match the type of innovation (on the left) with an example (on the
right). Answer: Product - Electric Vehicle
Process - Biotechnology
⫸ Which of the following is a primary factor in avoiding creative
destruction. Answer: innovations
⫸ Which of the following are stages of the industry life cycle? Answer:
1. Growth
2. Introduction
3. Maturity
4. Decline
5. Shakeout
⫸ Taking on an economic risk in order to innovate is known as
___________ Answer: entrepreneurship
⫸ Which of the following are types of innovation? Answer: 1.
Disruptivef
2. archetectural
3. radical
4. incremental
⫸ Innovations that taret NEW markets and represent a major break from
existing technologies or ways of thinking, such as the digital cameram
