1. What is Strategic Technology Management (STM)?
A) The process of developing technology without considering business goals
B) The alignment of technology strategies with business objectives for competitive advantage
C) The exclusive use of emerging technologies in businesses
D) The elimination of traditional business practices
Answer: B) The alignment of technology strategies with business objectives for competitive advantage
2. Which of the following is a key component of Strategic Technology Management?
A) Random adoption of new technologies
B) Technology forecasting and planning
C) Complete dependence on third-party technology providers
D) Avoiding investment in research and development
Answer: B) Technology forecasting and planning
3. What is the purpose of a technology strategy in an organization?
A) To ensure technology investments align with business goals
B) To restrict technological advancements
C) To focus only on short-term business gains
D) To eliminate the need for IT governance
Answer: A) To ensure technology investments align with business goals
4. Which of the following best describes the concept of “technology intelligence” in strategic technology management?
A) Collecting, analyzing, and using information on technological trends for decision-making
B) The process of developing artificial intelligence (AI) applications
C) The exclusive use of internal research for innovation
D) A strategy to remove old technology from businesses
Answer: A) Collecting, analyzing, and using information on technological trends for decision-making
5. What is a major challenge in Strategic Technology Management?
A) Lack of competition in the technology sector
B) Rapid technological changes and uncertainty
C) The high stability of all emerging technologies
D) The elimination of research and development costs
Answer: B) Rapid technological changes and uncertainty
6. What is technology portfolio management?
A) The process of randomly selecting technologies for investment
B) Managing and prioritizing technology investments to align with business goals
C) Avoiding the use of multiple technologies in an organization
D) A strategy that prevents the adoption of innovative technologies
Answer: B) Managing and prioritizing technology investments to align with business goals
7. Which of the following is an example of disruptive technology in strategic management?
A) Incremental improvements in desktop computers
B) The introduction of smartphones replacing traditional landlines
C) The continued use of old business models
D) The rejection of automation in industries
Answer: B) The introduction of smartphones replacing traditional landlines
8. In Strategic Technology Management, what does the term “technology roadmapping” refer to?
A) A step-by-step plan for aligning technology development with business strategies
B) A method for eliminating obsolete technologies from an organization
C) The process of buying random technologies without planning
D) A short-term focus on technology investments
Answer: A) A step-by-step plan for aligning technology development with business strategies
9. Which of the following is a key factor in successful Strategic Technology Management?
A) Relying solely on past technological success
B) Continuous monitoring of emerging technologies and market trends
C) Avoiding collaborations with external partners
D) Ignoring competitor strategies
Answer: B) Continuous monitoring of emerging technologies and market trends
10. Why is risk assessment important in Strategic Technology Management?
A) To prevent any form of technological advancement
B) To evaluate potential threats and uncertainties related to technology investments
C) To ensure all organizations use the same technology strategy
D) To completely eliminate the use of digital technology
Answer: B) To evaluate potential threats and uncertainties related to technology investments