Question 1

Disruptive innovations don't need to perform better than incumbents; they simply need to perform well enough to appeal to their customers (and often do so at a lower price).

Accepted Answer

A) True 
 B)False

Question 2

An option is a right and an obligation to make an investment.

Accepted Answer

A) True 
 B)False

Question 3

Bitcoin transctions are recorded in a public ledger known as the ____________.

Accepted Answer

The answer of Bitcoin transctions are recorded in a public...

Question 4

ARM is one of the only firms, aside from Intel, that has scale allowing it to own and operate its own fabs.

Accepted Answer

A) True 
 B)False

Question 5

Firms might not want to use ARM chips because they are incompatible with Intel chips.

Accepted Answer

A) True 
 B)False

Question 6

Which of the following is true about bitcoin?

Accepted Answer

A)   In its current state, bitcoin can only process a fraction of transactions of traditional credit card companies.
B)   The grid-based, peer-produced verification network means bitcoin is as capable at processing transactions as even the largest credit card networks.
C)   Users transferring funds across border are likely to consider bitcoin beneficial because it has the potential to dramatically lower transaction fees.
D)   Despite the hype, there are no online retailers who current accept bitcoin, although this may change, soon.
E)   A and C are true. F)  B and C are true.G)  A, C, and D are true.H)  B, C, and D are true.I) A) and H)
J) F) and G)

Question 7

Why do big firms fail to see disruptive technologies as a threat?

Accepted Answer

Those running big firms fail to see disruptive innovations as a threat not because they are dumb, but in many ways because they do what executives at large, shareholder-dependent firms should do-they listen to their customers and focus on the bottom line. And because the majority of a firm's current customers don't want the initially poor-performing new technology. The most disruptive technologies also often have worse margins than the initially dominant incumbent offerings. Since these markets don't look attractive, big firms don't dedicate resources to developing the potentially technology or nurturing the needs of a new customer base. Your best engineers are likely going to be assigned to work on cash-cow offerings, not questionable new stuff. This results in a sort of blindness created by an otherwise rational focus on customer demands and financial performance.

Question 8

Intuit has avoided disruption in the shift away from packaged software by developing products that leverage cloud computing, some of which are initially provided for free.

Accepted Answer

A) True 
 B)False

Question 9

List the benefits of bitcoin along with possible markets for early adoption.

Accepted Answer

Low transaction fees increase bitcoin's ...

Question 10

What are the characteristics of disruptive technologies? Give an example of disruptive technology.

Accepted Answer

In Christensen's view, true disruptive technologies have two characteristics that make them so threatening. First, they come to market with a set of performance attributes that existing customers don't value. Second, over time the performance attributes improve to the point where they invade established markets.
These attributes are found in many innovations that have brought about the shift from analog to digital. The first digital cameras were terrible-photo quality was laughably bad (the first were only black and white), they could only store a few images and did so very slowly, they were bulky, and they had poor battery life. Much the same could be said about the poor performance of early digital music, digital video, mobile phones, tablet computing, and Internet telephony (Voice-over IP or VoIP), just to name a few examples. But today all of these digital products are having a market-disrupting impact. Digital cameras have all but wiped out film use, the record store is dead, mobile phones for many are their only phone, tablets are selling faster than laptops, Internet phone service is often indistinguishable from conventional calls, and Skype can be considered the world's largest long-distance phone company.

Question 11

Cross-border bank transfers are not likely to adopt bitcoin since these functions are already electronic and highly automated.

Accepted Answer

A) True 
 B)False

Question 12

Getting rid of card companies cuts out ____________, which can top 3 percent. Overstock.com was one of the first large online retailers to accept bitcoin.

Accepted Answer

The answer of Getting rid of card companies cuts out...

Question 13

Those early customers for a disruptive technology are part of a different "___________________" than anything addressed by incumbent market leaders.

Accepted Answer

The answer of Those early customers for a disruptive technology...

Question 14

Low-margin retailers are interested in bitcoin because it may allow the elimination of fees associated with credit card transactions.

Accepted Answer

A) True 
 B)False  True

Question 15

Firms may want to use ARM chips because they draw less power than Intel chips.

Accepted Answer

A) True 
 B)False

Question 16

At the dawn of commercial mobile phone technology AT&T hired storied consulting firm McKinsey & Company to forecast US cellphone use.

Accepted Answer

A) True 
 B)False

Question 17

Yahoo!'s mobile team didn't have an executive champion to protect and nurture the team during the pioneering phase when financial results couldn't be realized. It couldn't show substantial results, so managers were reassigned. This is an example of:

Accepted Answer

A)   social engineering
B)   the Creosote Bush effect
C)   overspending on unproven projects
D)   the options portfolio of innovationE) A) and B)
F) A) and C)

Question 18

Big firms fail to see disruptive innovations as a threat because:

Accepted Answer

A)   they primarily focus on the bottom line.
B)   they fail to listen to customer needs.
C)   they overestimate the impact of these innovations.
D)   they don't indulge in playing catch-up.
E)   they concentrate only on future financial performance.F) B) and D)
G) A) and D)

Question 19

The acronym VoIP is considered by many to be a disruptive innovation. It refers to:

Accepted Answer

A)   The technology used in internet telephony
B)   Cloud computing
C)   Semiconductor manufacturing technology
D)   DWDME) B) and D)
F) None of the above

Question 20

Facebook was famously late to the mobile revolution and felt forced to make billion and multi-billion purchases for __________________ and ___________________, even as SnapChat rises as a threatening rival.

Accepted Answer

The answer of Facebook was famously late to the mobile...

Exam 6: Disruptive Technologies: Understanding the Giant Killers and Considerations for Avoiding Extinction

Disruptive innovations don't need to perform better than incumbents; they simply need to perform well enough to appeal to their customers (and often do so at a lower price).

Correct Answer
verified

An option is a right and an obligation to make an investment.

Correct Answer
verified

Bitcoin transctions are recorded in a public ledger known as the ____________.

Correct Answer
verified

ARM is one of the only firms, aside from Intel, that has scale allowing it to own and operate its own fabs.

Correct Answer
verified

Firms might not want to use ARM chips because they are incompatible with Intel chips.

Correct Answer
verified

Which of the following is true about bitcoin?

Correct Answer
verified

Why do big firms fail to see disruptive technologies as a threat?

Intuit has avoided disruption in the shift away from packaged software by developing products that leverage cloud computing, some of which are initially provided for free.

Correct Answer
verified

List the benefits of bitcoin along with possible markets for early adoption.

Correct Answer
verified
Low transaction fees increase bitcoin's ...
View Answer

What are the characteristics of disruptive technologies? Give an example of disruptive technology.

Cross-border bank transfers are not likely to adopt bitcoin since these functions are already electronic and highly automated.

Correct Answer
verified

Getting rid of card companies cuts out ____________, which can top 3 percent. Overstock.com was one of the first large online retailers to accept bitcoin.

Correct Answer
verified

Those early customers for a disruptive technology are part of a different "___________________" than anything addressed by incumbent market leaders.

Correct Answer
verified

Low-margin retailers are interested in bitcoin because it may allow the elimination of fees associated with credit card transactions.

Correct Answer
verified
True

Firms may want to use ARM chips because they draw less power than Intel chips.

Correct Answer
verified

At the dawn of commercial mobile phone technology AT&T hired storied consulting firm McKinsey & Company to forecast US cellphone use.

Correct Answer
verified

Yahoo!'s mobile team didn't have an executive champion to protect and nurture the team during the pioneering phase when financial results couldn't be realized. It couldn't show substantial results, so managers were reassigned. This is an example of:

Correct Answer
verified

Big firms fail to see disruptive innovations as a threat because:

Correct Answer
verified

The acronym VoIP is considered by many to be a disruptive innovation. It refers to:

Correct Answer
verified

Facebook was famously late to the mobile revolution and felt forced to make billion and multi-billion purchases for and _, even as SnapChat rises as a threatening rival.

Correct Answer
verified

Exam 6: Disruptive Technologies: Understanding the Giant Killers and Considerations for Avoiding Extinction

Disruptive innovations don't need to perform better than incumbents; they simply need to perform well enough to appeal to their customers (and often do so at a lower price).

Correct AnswerverifiedShow Answer

An option is a right and an obligation to make an investment.

Correct AnswerverifiedShow Answer

Bitcoin transctions are recorded in a public ledger known as the ____________.

Correct AnswerverifiedShow Answer

ARM is one of the only firms, aside from Intel, that has scale allowing it to own and operate its own fabs.

Correct AnswerverifiedShow Answer

Firms might not want to use ARM chips because they are incompatible with Intel chips.

Correct AnswerverifiedShow Answer

Which of the following is true about bitcoin?

Correct AnswerverifiedShow Answer

Why do big firms fail to see disruptive technologies as a threat?

Intuit has avoided disruption in the shift away from packaged software by developing products that leverage cloud computing, some of which are initially provided for free.

Correct AnswerverifiedShow Answer

List the benefits of bitcoin along with possible markets for early adoption.

Correct AnswerverifiedLow transaction fees increase bitcoin's ...View AnswerShow Answer

What are the characteristics of disruptive technologies? Give an example of disruptive technology.

Cross-border bank transfers are not likely to adopt bitcoin since these functions are already electronic and highly automated.

Correct AnswerverifiedShow Answer

Getting rid of card companies cuts out ____________, which can top 3 percent. Overstock.com was one of the first large online retailers to accept bitcoin.

Correct AnswerverifiedShow Answer

Those early customers for a disruptive technology are part of a different "___________________" than anything addressed by incumbent market leaders.

Correct AnswerverifiedShow Answer

Low-margin retailers are interested in bitcoin because it may allow the elimination of fees associated with credit card transactions.

Correct AnswerverifiedTrue

Firms may want to use ARM chips because they draw less power than Intel chips.

Correct AnswerverifiedShow Answer

At the dawn of commercial mobile phone technology AT&T hired storied consulting firm McKinsey & Company to forecast US cellphone use.

Correct AnswerverifiedShow Answer

Yahoo!'s mobile team didn't have an executive champion to protect and nurture the team during the pioneering phase when financial results couldn't be realized. It couldn't show substantial results, so managers were reassigned. This is an example of:

Correct AnswerverifiedShow Answer

Big firms fail to see disruptive innovations as a threat because:

Correct AnswerverifiedShow Answer

The acronym VoIP is considered by many to be a disruptive innovation. It refers to:

Correct AnswerverifiedShow Answer

Facebook was famously late to the mobile revolution and felt forced to make billion and multi-billion purchases for __________________ and ___________________, even as SnapChat rises as a threatening rival.

Correct AnswerverifiedShow Answer

Correct Answer
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Correct Answer
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Low transaction fees increase bitcoin's ...
View Answer

Correct Answer
verified

Correct Answer
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Correct Answer
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Correct Answer
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True

Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Facebook was famously late to the mobile revolution and felt forced to make billion and multi-billion purchases for and _, even as SnapChat rises as a threatening rival.

Correct Answer
verified