Choose a true statement among the following

$($

single choice

$)$

:

$($

$1$

$$

$)$

Since it is easier to pursue incremental innovation than radical innovation, all firms must work hard to pursue the latter type of innovation.

The stronger intellectual property protection a govemment imposes, the better innovation performance can the economy achieve.

The trajectory of a technology development often exhibits a S

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shaped curve.

Because some types of innovations, as known as disruptive innovation or radical innovation, could destroy the existing competences of incumbent firms, incumbent firms often suffer from organizational inertia that makes employees reluctant to try out unprecedented attempts.

In general, firms and individuals from the private sector play significnat roles in the early development

$-$

$$ferment

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$$stage of an innovation Scurve, while the government and public R&D programs join in the 'take

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off' stage after things take shape.

Choose a false statement among the following

$($

single choice

$)$

:

$($

$1$

$$

$)$

The market for ideas refers to the platform where entrepreneurial technology providers and large incumbent firms equiped with commercilaization capabilities trade to cooperatively bring a new technology to the market.

To create market value with a new product or service, it is important for a firm to identify key actions ranging from upstream activites to downstream ones along its value chain and effectively manage them.

It requires well

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established sales and distribution channels, mass

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production capabilities, and marketing tactics to conduct the upstream activities of an innovation value chain.

Many startups and small and medium enterprises

$($

SMEs

$)$

$$tend to operate in business

$-$

to

$-$

business

$($

B

$2$

B

$)$

$$sectors

$,$

$$providing products or service to a few large firms that directly serve end

$-$

users with business

$-$

to

$-$

consumer

$($

B

$2$

C

$)$

$$businesses$.$

As the nature of technology and market demand becomes comlicated and unpredictable, the inter

$-$

firm partnership becomes increasingly common in innovation

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leading economies.