FREE Master of Engineering Management Technology & Innovation Management Questions and Answers

Question 1

early market entrants who weren't the first

Accepted Answer

early followers

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first movers

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technological leaders

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market leaders

Question 2

something that is visualized or thought in the mind

Accepted Answer

idea

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ada

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iep

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innovation

Question 3

knowledge that is difficult to codify

Accepted Answer

tacit knowledge

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financial resources

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basic research

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knowledge brokers

Question 4

expenses (or advantages) that are paid for (or enjoyed) by people other than the ones who caused them. Everyone is impacted by the company's pollution.

Accepted Answer

externalities

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monopoly rents

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greenwashing

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weaknesses

Question 5

geographical groups of businesses connected by a shared technology that may work together on research projects as well as in buyer, supplier, and complementor interactions.

Accepted Answer

technology clusters

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technology trajectory

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knowledge brokers

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technology transfer offices

Question 6

Typically created by the government, regional districts promote R&D cooperation between the government, universities, and private businesses.

Accepted Answer

science parks

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free trade areas

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basic research

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sink estate

Question 7

when the actions that preceded the outcome have a significant impact on the final results. In such cases, the outcomes are frequently impossible to replicate.

Accepted Answer

path dependency

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physical uniqueness

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technology trajectory

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social complexity

Question 8

an innovation that enhances previously acquired information and abilities. Depending on whose perspective is used, an invention may be competence-enhancing or competence-destroying. Innovations can help some businesses become more competent while hurting other businesses become less competent.

Accepted Answer

competence enhancing innovation

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radical innovations

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absorptive capacity

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internal corporate ventures

Question 9

the actualization of a concept into a new tool or procedure

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innovation

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invention

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creativity

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development

Question 10

the additional profits a company can get from having a monopoly, such as the capacity to reduce costs through stronger supplier negotiating power.

Accepted Answer

monopoly rents

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natural monopoly

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path dependency

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opportunity costs