POM 3 Questions and Answers | New One | Grade A+

_____ are patterns of innovation over time that can create sustainable competitive advantage. Ans: Innovation streams An innovation stream begins with _____. Ans: a technological discontinuity Which of the following best defines technological discontinuity? Ans: It is the phase of an innovation stream in which a scientific advance or unique combination of existing technologies creates a significant breakthrough in performance or function. Technological substitution occurs when: Ans: customers purchase new products to replace older technologies. Large investments in old technology and the incompatiblility of new and old technologies with each other are the main reasons companies and consumers are reluctant to switch to a different technology during a(n) _____. Ans: design competition During design competition, _____. Ans: an older technology usually improves significantly in response to the competitive threat from the new technologies _____ is a new technological design or process that becomes the accepted market standard. Ans: A dominant design When USB flash drives started becoming popular, customers stopped purchasing CDs. As a result, USB flash drives almost completely replaced CDs in the market and became the accepted market standard for storage devices. In the context of innovation streams, this scenario best illustrates _____. Ans: a dominant design When cell phones were introduced, most customers stopped using landline telephones. Eventually, cell phones almost entirely replaced landline telephones and became the accepted market standard for phones. In the context of innovation streams, this scenario best illustrates _____. Ans: a dominant design Which of the following statements is true of technological l