FREE Master of International Business: Global Management of Innovation & Knowledge Questions and Answers

Question 1

Innovation is characterized by:

Accepted Answer

the commercialization of a new product or process.

Answer

the implementation of a new production method.

Answer

a new product or process idea.

Answer

the invention of a new product or process.

Question 2

Procedure innovation includes:

Accepted Answer

the implementation of a new or improved production method.

Answer

the development of a new product.

Answer

the development of new products or services.

Answer

the development of a new service.

Question 3

Innovation can contribute to the creation of a transient competitive advantage when

Accepted Answer

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

Answer

barriers to entry are low.

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there are few other competitors.

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barriers to entry are high.

Question 4

What would you anticipate to occur after the establishment of a dominant design in the product life cycle?

Accepted Answer

Emphasis on process innovation rather than product innovation.

Answer

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

Answer

Competition to increase as new firms enter the industry.

Answer

Emphasis on product innovation rather than process innovation.

Question 5

In comparison to newer businesses, established businesses excel at:

Accepted Answer

innovation which is competence-enhancing.

Answer

Innovation which is disruptive.

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all types of innovation.

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innovation which is competence-destroying.

Question 6

What markets are likely to experience network effects?

Accepted Answer

All of the above

Answer

Tippy' markets

Answer

Hi-tech product markets

Answer

Markets subject to increasing returns

Question 7

Which of the following is useful in a standards conflict?

Accepted Answer

Early mover advantage

Answer

Technological advantage

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Late mover advantage

Answer

Competitive advantage

Question 8

The main obstacle to knowledge transfer in global corporations is:

Accepted Answer

transferring tacit knowledge across borders.

Answer

transferring explicit knowledge across borders.

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transferring tacit and explicit knowledge across borders.

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creating tacit knowledge in overseas subsidiaries.

Question 9

What benefits might there be in involving abroad subsidiaries in R&D projects?

Accepted Answer

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

Answer

Local subsidiaries offer access to local companies.

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Local subsidiaries offer access to technical knowledge and skills.

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

Question 10

Innovation is more likely to be outsourced worldwide where:

Accepted Answer

Innovations are autonomous

Answer

Innovations are systemic

Answer

Innovations are made by service sector firms

Answer

Innovations are systemic or autonomous