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    following establishment of a dominant design in the product life cycle, what would you expect to happen?

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    Oxford University Press

    Frynas and Mellahi: Global Strategic Management 3e

    Chapter 11: Multiple choice questions

    Chapter 11: Multiple choice questions Instructions

    Answer the following questions and then press 'Submit' to get your score.

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    Innovation Day Quiz (Practice)

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    University

    University Innovation Day Quiz (Practice)

    Shilpi Sharma 5 plays

    40 Qs

    Show Answers See Preview 1. Multiple-choice 30 seconds Q.

    Who said: "Innovation distinguishes between a leader and a follower"?

    answer choices a. Steve Jobs b. Rupert Murdoch c. Bill Gates d. Martha Stewart 2. Multiple-choice 30 seconds Q.

    Which of the following is a major US award for excellence and innovation in business?

    answer choices

    The Henry Ford Industrial Pioneer Award

    The Larry Roberts Commercial Achievement Award

    The Peter Drucker Business Champion Award

    The Malcolm Baldrige National Quality Award

    3. Multiple-choice 30 seconds Q.

    What is 'Six Sigma'?

    answer choices

    A mathematical model for increasing output while lowering costs

    A system of quality management

    A form of industrial dispute arbitration

    An ad-hoc grouping of the world's six most valuable companies

    4. Multiple-choice 30 seconds Q.

    What is the full name of Dr. Abdul Kalam?

    answer choices

    Avul Jakir Jalaluddin Kalam

    Avul Pakir Jainulabdeen Abdul Kalam

    Abdul Sakir Jainulabdeen Kalam

    None of the above 5. Multiple-choice 30 seconds Q.

    Which island is named after Abdul Kalam?

    answer choices

    Wheeler Island, Odisha

    Landfall Island Bhavani Island Sriharikota 6. Multiple-choice 30 seconds Q.

    Dr. Abdul Kalam was the ......President of India

    answer choices 9th 10th 11th 12th 7. Multiple-choice 30 seconds Q.

    Innovation is defined as:

    answer choices

    the commercialization of a new product or process.

    the invention of a new product or process.

    a new product or process idea.

    the implementation of a new production method

    8. Multiple-choice 30 seconds Q.

    Process innovation refers to:

    answer choices

    the development of a new service.

    the development of a new product.

    the implementation of a new or improved production method.

    the development of new products or services.

    9. Multiple-choice 30 seconds Q.

    Innovation can help to provide a temporary competitive advantage when:

    answer choices

    barriers to entry are high.

    barriers to imitation are low and intellectual property rights are difficult to enforce.

    there are few other competitors.

    barriers to entry are low.

    10. Multiple-choice 30 seconds Q.

    Following establishment of a dominant design in the product life cycle, what would you expect to happen?

    answer choices

    Emphasis on product innovation rather than process innovation.

    Emphasis on process innovation rather than product innovation.

    Competition to increase as new firms enter the industry.

    Competition to decrease as more firms exit than enter the industry.

    11. Multiple-choice 30 seconds Q.

    Established firms relative to new firms are better at:

    answer choices

    all types of innovation.

    innovation which is competence-enhancing

    innovation which is competence-destroying.

    Innovation which is disruptive.

    12. Multiple-choice 30 seconds Q.

    In which markets are network effects likely?

    answer choices

    Markets subject to increasing returns

    'Tippy' markets

    Hi-tech product markets

    All of the above 13. Multiple-choice 30 seconds Q.

    Which of the following are valuable in a standards war?

    answer choices

    Competitive advantage

    Late mover advantage

    Early mover advantage

    Technological advantage

    14. Multiple-choice 30 seconds Q.

    The fundamental challenge of knowledge transfer in multinational firms is:

    answer choices

    transferring explicit knowledge across borders.

    transferring tacit knowledge across borders.

    creating tacit knowledge in overseas subsidiaries.

    transferring tacit and explicit knowledge across borders.

    15. Multiple-choice 30 seconds Q.

    What potential advantages can be gained from involving overseas subsidiaries in R&D activities?

    answer choices

    Local subsidiaries offer financial advantages such as lower land and labor costs.

    Local subsidiaries offer access to local companies

    Local subsidiaries offer access to technical knowledge and skills.

    Local subsidiaries offer financial advantages as well as access to local markets, technical knowledge and skills.

    16. Multiple-choice 30 seconds Q.

    Outsourcing of innovation globally is more likely where:

    answer choices

    Innovations are autonomous

    Innovations are systemic

    Innovations are systemic or autonomous

    Innovations are made by service sector firms

    17. Multiple-choice 30 seconds Q.

    Which of the following describes the totality of the means people employ to accomplish desired tasks?

    answer choices innovation.

    competitive advantage.

    technology. all of the above. 18. Multiple-choice 30 seconds Q.

    Which of the following describes the process of drawing useful inferences from information that is available?

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    MCQ Innovation

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    Full description

    Innovation is defined as:

    a) the commercialization of a new product or process.

    b) the invention of a new product or process.

    c) a new product or process idea.

    d) the implementation of a new production method.

    Question 2

    Process innovation refers to:

    a) the development of a new service.

    b) the development of a new product.

    c) the implementation of a new or improved production method.

    d) the development of new products or services.

    Question 3

    Innovation can help to provide a temporary competitive advantage when:

    a) barriers to entry are high.

    b) barriers to imitation are low and intellectual property rights are difficult to enforce.

    c) there are few other competitors.

    d) barriers to entry are low.

    Question 4

    Following establishment of a dominant design in the product life cycle, what would you

    expect to happen?

    a) Emphasis on product innovation rather than process innovation.

    b) Emphasis on process innovation rather than product innovation.

    c) Competition to increase as new firms enter the industry.

    d) Competition to decrease as more firms exit than enter the industry.

    Question 5

    Established firms relative to new firms are better at:

    a) all types of innovation.

    b) innovation which is competence-enhancing.

    c) innovation which is competence-destroying.

    d) Innovation which is disruptive.

    Question 6

    In which markets are network effects likely?

    a) Markets subject to increasing returns

    b) 'Tippy' markets

    c) Hi-tech product markets

    d) All of the above Question 7

    Which of the following are valuable in a standards war?

    a) Competitive advantage

    b) Late mover advantage

    c) Early mover advantage

    d) Technological advantage

    Question 8

    You're Reading a Preview

    Upload your documents to download.

    OR

    Become a Scribd member for full access. Your first 14 days are free.

    The fundamental challenge of knowledge transfer in multinational firms is:

    a) transferring explicit knowledge across borders.

    b) transferring tacit knowledge across borders.

    c) creating tacit knowledge in overseas subsidiaries.

    d) transferring tacit and explicit knowledge across borders.

    Question 9

    What potential advantages can be gained from involving overseas subsidiaries in R&D

    activities?

    a) Local subsidiaries offer financial advantages such as lower land and labour costs.

    b) Local subsidiaries offer access to local companies.

    c) Local subsidiaries offer access to technical knowledge and skills.

    d) Local subsidiaries offer financial advantages as well as access to local markets,

    technical knowledge and skills.

    Question 10

    Outsourcing of innovation globally is more likely where:

    a) Innovations are autonomous

    b) Innovations are systemic

    c) Innovations are systemic or autonomous

    d) Innovations are made by service sector firms

    You're Reading a Preview

    Upload your documents to download.

    OR

    Become a Scribd member for full access. Your first 14 days are free.

    Innovation is defined as:

    Your answer:

    b) the invention of a new product or process.

    Correct answer:

    a) the commercialization of a new product or process.

    Feedback:

    Innovation is defined as the commercialization of a new product or process.

    Page reference: 349 Question 2

    Process innovation refers to:

    Your answer:

    b) the development of a new product.

    Correct answer:

    c) the implementation of a new or improved production method.

    Feedback:

    Process innovation refers to the implementation of a new or improved production method.

    Page reference: 349 Question 3

    Innovation can help to provide a temporary competitive advantage when:

    Your answer:

    b) barriers to imitation are low and intellectual property rights are difficult to enforce.

    Feedback:

    Innovation can help to provide a temporary competitive advantage when barriers to imitation

    are low and intellectual property rights are difficult to enforce.

    Page reference: 356

    You're Reading a Preview

    Upload your documents to download.

    OR

    Become a Scribd member for full access. Your first 14 days are free.

    Question 4

    Following establishment of a dominant design in the product life cycle, what would you

    expect to happen? Your answer:

    b) Emphasis on process innovation rather than product innovation.

    Feedback:

    Following establishment of a dominant design in the product life cycle there is expected to be

    emphasis on process innovation rather than product.

    Page reference: 350 Question 5

    Established firms relative to new firms are better at:

    You did not answer the question.

    Correct answer:

    b) innovation which is competence-enhancing.

    Feedback:

    Established firms relative to new firms are better at innovation which is competence-

    enhancing. Page reference: 357 Question 6

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    Mohammed 4 month ago
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