Mgmt Questions & Correct Answers Graded
A+ Year 2025/26 Updated 440
Steps of the innovation process
Idea generation
Opportunity recognition
Development
Commercialization
S-Curve
visually depicts how a product, service, technology, or business progresses and
evolves over time from introduction to growth to maturation
3 lessons from the S-Curve
-Defenders make difficult choices
-Leaders in one generation of technology are seldom leaders in the next
-Attackers enjoy important advantages
What does the rate of a technology's improvement, and its rate of market
diffusion look like?
An S-Curve; introduction, growth, maturation and sometimes disruption (decline)
3 types of technological change
Platform
Component
Design
Platform innovation
emergence of new technology based on scientific principles that are distinctly
different from existing ones (ex: cd's using laser optics over magnetism)
Component innovation
A+ Year 2025/26 Updated 440
Steps of the innovation process
Idea generation
Opportunity recognition
Development
Commercialization
S-Curve
visually depicts how a product, service, technology, or business progresses and
evolves over time from introduction to growth to maturation
3 lessons from the S-Curve
-Defenders make difficult choices
-Leaders in one generation of technology are seldom leaders in the next
-Attackers enjoy important advantages
What does the rate of a technology's improvement, and its rate of market
diffusion look like?
An S-Curve; introduction, growth, maturation and sometimes disruption (decline)
3 types of technological change
Platform
Component
Design
Platform innovation
emergence of new technology based on scientific principles that are distinctly
different from existing ones (ex: cd's using laser optics over magnetism)
Component innovation
