100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Badm 449 Study guide || A+ Guaranteed. £9.26   Add to cart

Exam (elaborations)

Badm 449 Study guide || A+ Guaranteed.

 6 views  0 purchase
  • Module
  • Badm 449
  • Institution
  • Badm 449

Discuss how Netflix has disrupted the TV industry correct answers Netflix disrupted the TV industry by changing the delivery of content to online streaming, allowing on-demand access, and developing programming based on algorithms invention correct answers The transformation of an idea into a pr...

[Show more]

Preview 2 out of 11  pages

  • August 16, 2024
  • 11
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Badm 449
  • Badm 449
avatar-seller
Badm 449 Study guide || A+ Guaranteed.
Discuss how Netflix has disrupted the TV industry correct answers Netflix disrupted the TV
industry by changing the delivery of content to online streaming, allowing on-demand access,
and developing programming based on algorithms

invention correct answers The transformation of an idea into a product or process

innovation correct answers Commercialization of an invention by entrepreneurs

Provide two different reasons for why innovation diffuses correct answers Innovation diffuses
through the demand side through adoption and through the supply side through imitation

Provide four different stakeholders who may appropriate value from an innovation correct
answers 1. Suppliers
2. customers
3. Followers
4. Innovators

The profitability of an innovation depends upon (1) the value of the innovation, and (2) the
innovator's ability to appropriate the value of the innovation. Provide four factors that influence
this appropriation ability, which influence the profitability of innovation correct answers 1. Legal
Protection
2. Complementary resources
3. Imitability of the tech
4. Lead time

There is no simple answer on whether it is better to be a leader or a follower when innovating.
Provide an example in which the leader was successful and an example in which the follower
was successful. correct answers Leader: In the instant camera industry polaroid (leader) was so
successful that it became synonymous with picture
Follower: In the office PC industry, IBM (follower) was the more successful company

Provide two key sources of uncertainty in technology-based industries correct answers 1.
technological Uncertainty
2. market Uncertainty

provide three strategies for managing risk in technology-based industries, correct answers 1.
Cooperating with lead users
2. limiting risk exposure
3. flexibility

Explain why VHS tapes (with an arguably inferior technology) won against Beta tapes (with an
arguably superior technology correct answers VHS was more widely usable making it easier to
gain market acceptance

, Explain why the QWERTY configuration of the keyboard is inferior. Then, explain the
economic principle of why this inferior keyboard configuration persists up until now correct
answers QWERTY configuration for the keyboard was designed to slow typing down to avoid
jamming keys with typewriters. People were so used to it that it could not be changed.

Discuss standards battles and alternative technologies in the automobile industry. correct answers
The range for electric cars is to low causing range anxiety. There is little recharging
infrastructure especially in rural parts of america. Unlikely for electric cars to take off until there
is longer ranges, faster recharge times, and more recharging infrastructure.

What are the five phases of an industry life cycle? correct answers 1. Introduction
2. Growth
3. Shakeout
4. Maturity
5. Decline

Discuss the Apple iPhone example concerning network effects correct answers iMessage makes
the iphone more valuable. Having more apps makes the iphone more valuable.

Describe the concept of "crossing the chasm" and its application to the mobile phone industry
correct answers The chasm is the gap between the early adoption stage into the early majority.
Treo failed to cross the chasm wheras blackberry, galaxy, and iPhone succeeded.

Architectural Innovation correct answers Leverages existing technology into new markets
Alters the architecture of a product
A new product, with known components, used in a novel way

An example is xerography

incremental innovation correct answers Results from steady improvement.
Targets existing markets with existing technology
Example: Gillette blades from one to six

Radical innovation correct answers Draws on novel methods & materials
Forms from an entirely new knowledge base, recombination of existing knowledge
Targets new markets with new technology

X-ray technology

Disruptive innovation correct answers leverages new technology in existing markets

laptops

Explain why our Nucor case is an example of a disruptive technology correct answers This is an
example of disruptive technology because there is a new technology, minimills, being leveraged
in the already existing steel market

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller FullyFocus. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for £9.26. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

75323 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy revision notes and other study material for 14 years now

Start selling
£9.26
  • (0)
  Add to cart