ADMN 232 Final Exam

Organizational Innovation - Answer- the successful implementation of creative ideas in organizations Intrapreneurship - Answer- when entrepreneurial ideas are created inside an existing company Creativity - Answer- the production of novel and useful ideas Organizational Change - Answer- a difference in the form, quality, or condition of an organization over time Technology Cycle - Answer- begins with the birth of a new technology and ends when that technology reaches its limits and is replaced by a newer substantially better technology. ie. when Henry Ford's Model T replaced horse-drawn carriages or when airplanes replaced trains as a means of crossing Canada S-Curve Pattern of Innovation - Answer- a pattern of technological innovation characterized by slow initial progress, then rapid progress, and then slow progress again as a technology matures and reaches its limits Innovation Streams - Answer- patterns of innovation over time that can create sustainable competitive advantage Technological Discontinuity - Answer- a scientific advance or a unique combination of existing technologies creates a significant breakthrough in performance or function (the start of an innovation stream) Discontinuous Change - Answer- the phase of a technology cycle characterized by technological substitution and design competition (follows technological discontinuity) Technological Substitution - Answer- the purchase of new technologies to replace older ones Design Competition - Answer- competition between old and new technologies to establish a new technological standard or dominant design Dominant Design - Answer- a new technological design or process that becomes the accepted market standard (follows discontinuous change) Technological Lockout - Answer- when a new dominant design (ie. a significantly better technology) prevents a company from competitively selling its products or makes it difficult to do so