MGMT 640 EXAM 2 – EXAM
QUESTIONS & CORRECT
ANSWERS (UPDATED 2025–
2026)
The Innovation Process - CORRECT
ANSWERS-Idea Generation, Opportunity
,Recognition (Idea Evaluation/Incubation),
Development, Commercialization
S-Curves - CORRECT ANSWERS-Visually
depict how a product, service, technology
or business progresses and evolves over
time (generalized development path). Can
be viewed on an incremental level to map
product evolutions and opportunities or on
a macro scale to describe the evolution of
businesses and industries. illustrates the
growth and maturation of innovations as
well as the technological cycles that most
industries experience.
3 types of technological change - CORRECT
ANSWERS-platform, component, and design
,Platform innovation - CORRECT ANSWERS-
the emergence of a new technology based
on scientific principles that are distinctly
different from those of existing ones. Ex:
Compact Disk (CD) used a new platform,
laser optics, to write and read data when
the prior technology used magnetism.
Component Innovation - CORRECT
ANSWERS-One that uses new parts or
materials within the same technological
platform. Ex: magnetic tape, floppy disk,
and zip disk differ by the use if components
or materials, but all are based on the same
platform of magnetic recording.
, Design innovation - CORRECT ANSWERS-A
reconfiguration of the linkages and layout
of components within the same
technological design. Ex: floppy disk
decreased from 14 to 8 inches in 1978, to
5,25 inches in 1980, to 3.5 inches in 1985,
and 2.5 inches in 1989, though each was
based on magnetic recording.
4 major stages of a technology's life cycle -
CORRECT ANSWERS-Introduction, growth,
maturity, and decline
Introduction Stage - CORRECT ANSWERS-A
new technological platform makes slow
progress in performance during the early
phase of its product life cycle. Ex: the laser
beam was a new platform that required
QUESTIONS & CORRECT
ANSWERS (UPDATED 2025–
2026)
The Innovation Process - CORRECT
ANSWERS-Idea Generation, Opportunity
,Recognition (Idea Evaluation/Incubation),
Development, Commercialization
S-Curves - CORRECT ANSWERS-Visually
depict how a product, service, technology
or business progresses and evolves over
time (generalized development path). Can
be viewed on an incremental level to map
product evolutions and opportunities or on
a macro scale to describe the evolution of
businesses and industries. illustrates the
growth and maturation of innovations as
well as the technological cycles that most
industries experience.
3 types of technological change - CORRECT
ANSWERS-platform, component, and design
,Platform innovation - CORRECT ANSWERS-
the emergence of a new technology based
on scientific principles that are distinctly
different from those of existing ones. Ex:
Compact Disk (CD) used a new platform,
laser optics, to write and read data when
the prior technology used magnetism.
Component Innovation - CORRECT
ANSWERS-One that uses new parts or
materials within the same technological
platform. Ex: magnetic tape, floppy disk,
and zip disk differ by the use if components
or materials, but all are based on the same
platform of magnetic recording.
, Design innovation - CORRECT ANSWERS-A
reconfiguration of the linkages and layout
of components within the same
technological design. Ex: floppy disk
decreased from 14 to 8 inches in 1978, to
5,25 inches in 1980, to 3.5 inches in 1985,
and 2.5 inches in 1989, though each was
based on magnetic recording.
4 major stages of a technology's life cycle -
CORRECT ANSWERS-Introduction, growth,
maturity, and decline
Introduction Stage - CORRECT ANSWERS-A
new technological platform makes slow
progress in performance during the early
phase of its product life cycle. Ex: the laser
beam was a new platform that required
