Established firms’ responses to disruptive technology are generally ineffective due to a failure to explore the new technology.1 pointTrueFalse
Question
Established firms’ responses to disruptive technology are generally ineffective due to a failure to explore the new technology.1 pointTrueFalse
Solution
The statement is "True".
Here's why:
Step 1: Disruptive technology refers to new ways of doing things that disrupt or overturn traditional methods. It's often seen in industries like technology, where rapid innovation is common.
Step 2: Established firms often struggle to respond effectively to disruptive technology. This is because they're used to doing things a certain way and may be resistant to change. They might also be focused on improving their existing products or services, rather than exploring new possibilities.
Step 3: If these firms fail to explore the new technology, they might miss out on opportunities to innovate and stay competitive. They might also fail to see the potential threats posed by the disruptive technology until it's too late.
So, based on these points, the statement is true. Established firms' responses to disruptive technology are generally ineffective due to a failure to explore the new technology.
Similar Questions
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What is Christensen’s most well known recommendation for dealing with disruptive technologies? 1 pointWhen a disruptive technology enters a firm’s mainstream market, the firm should respond immediatelyForm an independent organization within the firm of experienced employeesFirms should stay close to their big customers Firms should avoid ambidexterity at all costs
Which of the following is an example of disruptive innovation?*1 pointImproving the efficiency of an existing manufacturing processIntroducing a new product that captures a small market nicheCreating a technology that renders existing products obsoleteNone of the above
Organisations pursue disruptive innovation at the higher tier of their markets because this is what has historically helped them succeed. Group of answer choicesTrueFalse
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