Management Test 2 Review

Management Test 2 Review - Management Exam2 Spring2011...

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Management Exam 2 Spring 2011 Management Test 2 Review Exam Makeup 50 Multiple Choice Problems Chapters: 7, 10, and 11 Bring pencil, ID, and blue scantron Chapter 7-Innovations and Change Why innovation matters o Technology cycle A cycle that 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 S-Curve pattern of innovation A pattern of technological innovation characterized by slow initial progress, then rapid progress, then slow progress again as a technology matures and reaches its limits o Innovation Streams Patterns of innovation over time that can create sustainable competitive advantage Technological Discontinuity o When a scientific advantage or a unique combination of existing technologies creates a significant breakthrough in performance Technological substitution o The purchase of new technologies to replace older ones Design competition o Competition between old and new technologies to establish a new technological standard or dominant design Innovation Streams Cycles over time Dominant design o A new technological design or process that becomes the accepted market standard Discontinuous Change o The phase of technology cycle that characterized by technological substitution and design competition Technological lockout o When a new dominant design (i.e., a significantly better technology) prevents a company from competitively selling its products or makes it difficult to do so Incremental change o The phase of technology cycle in which companies innovate by lowering costs and improving the functioning and performance of the dominant technological design Managing Innovation o 1. Managing Sources of Innovation Creative work environments Workplace cultures in which workers perceive that new ideas are welcomed, valued, and encouraged o Organizational, supervisory, and work group Flow A psychological state of effortlessness, in which you become completely absorbed in what you’re doing and time seems to pass quickly o 2. Managing During Discontinuous Change 1
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Management Exam 2 Spring 2011 Experiential approach to innovation An approach to innovation that assumes a highly uncertain environment and uses intuition, flexible options, and hands-on experience to reduce uncertainty and accelerate learning and understanding Use intuition, flexible options, and hands-on experience Five Parts: Design iteration A cycle of repetition in which a company test a prototype of a new product or service, improved on that design, and then builds and tests the improved prototype o Product prototype A full-scale, working model that is being tested fore design, function, and reliability Testing o The systematic comparison of different product designs or design iterations Milestones o Formal project review points used to asses progress and performance Multifunctional teams
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Management Test 2 Review - Management Exam2 Spring2011...

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