1. What is the primary focus of technology management in an organization?
a) Maximizing the use of outdated technologies
b) Aligning technology with business goals
c) Reducing technological investments
d) Avoiding technological change
Answer: b) Aligning technology with business goals
2. Which of the following is a key driver of innovation within an organization?
a) Resistance to change
b) A culture of continuous improvement
c) Strict adherence to traditional methods
d) Limited collaboration
Answer: b) A culture of continuous improvement
3. In the management of technology, what does “disruptive innovation” refer to?
a) Innovations that maintain the status quo
b) Innovations that create new markets and disrupt existing ones
c) Innovations that have little impact on industry dynamics
d) Innovations that are quickly abandoned
Answer: b) Innovations that create new markets and disrupt existing ones
4. What is a critical challenge in managing innovation within a large organization?
a) Lack of resources
b) Overcoming organizational inertia
c) Abundance of creative ideas
d) Excessive flexibility
Answer: b) Overcoming organizational inertia
5. Which strategy is commonly used to manage technological change in an organization?
a) Ignoring technological advancements
b) Incremental implementation of new technologies
c) Abrupt and total technology replacement
d) Delaying technology adoption
Answer: b) Incremental implementation of new technologies
6. What role does leadership play in fostering innovation in an organization?
a) Limiting experimentation
b) Encouraging risk-taking and creative thinking
c) Enforcing strict adherence to existing processes
d) Reducing investment in research and development
Answer: b) Encouraging risk-taking and creative thinking
7. Which of the following best describes “open innovation”?
a) Innovation that is confined within the organization
b) Innovation that involves collaboration with external partners
c) Innovation that rejects external ideas
d) Innovation that focuses only on internal resources
Answer: b) Innovation that involves collaboration with external partners
8. What is the purpose of a technology roadmap in managing innovation?
a) To avoid setting long-term goals
b) To outline the future technological direction of the organization
c) To reduce investments in new technologies
d) To focus on past technological successes
Answer: b) To outline the future technological direction of the organization
9. In managing innovation, what is the significance of “knowledge management”?
a) Hoarding information within silos
b) Ensuring that knowledge is shared and utilized across the organization
c) Limiting access to new knowledge
d) Ignoring the value of intellectual capital
Answer: b) Ensuring that knowledge is shared and utilized across the organization
10. Which of the following is an example of a successful innovation strategy?
a) Relying solely on internal ideas for new products
b) Continuously adapting and evolving the business model
c) Avoiding collaboration with other firms
d) Focusing only on short-term technological gains
Answer: b) Continuously adapting and evolving the business model