BUSINESS ADMINISTRATION
STRATEGIC MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Technology diffusion is the term used to describe how rapidly and consistently new, information-intensive technologies replace older ones.
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true
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false
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Explanation:
Detailed explanation-1: -Perpetual innovation describes how rapidly and constantly new information-intensive technologies replace older ones. Disruptive innovation can destroy the value of existing technology and create new markets.
Detailed explanation-2: -The rapid rate of technological diffusion has increased the competitive benefits of patents. Developed countries still have major advantages in access to information technology over emerging economies because of the significant cost of the infrastructure needed for computing power.
Detailed explanation-3: -We propose a set of indicators reflecting four principal fields of technology strategy: pioneer-posture, R&D efforts, technology portfolio, and monitoring activities.
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