A manager wants to change both the business model and technology of an existing company. What most accurately describes this type of organizational effort?

Rationale

Radical innovation describes a significant transformation in both business model and technology within an organization.

This type of effort involves fundamental changes that can reshape the way a company operates and delivers value to its customers, often leading to groundbreaking advancements and shifts in the industry landscape.

A (Radical innovation) CORRECT

Radical innovation entails major shifts that redefine an organization’s structure, processes, and technologies. In this scenario, the manager aims to change both the business model and the technology, clearly indicating that a comprehensive overhaul is taking place, which aligns perfectly with the definition of radical innovation.

B (Semi-radical innovation) YOUR ANSWER

Semi-radical innovation suggests a moderate level of change that may improve existing processes or technologies without overhauling the entire system. However, in this case, the manager is pursuing both a new business model and technology, surpassing the scope of semi-radical innovation, which implies less dramatic transformations.

C (Non-innovation) YOUR ANSWER

Non-innovation refers to a lack of change or improvement within an organization. Since the manager is actively seeking to implement significant changes, this choice is inaccurate as it contradicts the proactive approach being taken to innovate and adapt.

D (Incremental innovation) YOUR ANSWER

Incremental innovation involves small, gradual improvements or adjustments to existing systems or products. Given that the manager is looking to alter both the business model and technology fundamentally, this choice does not adequately capture the scale of change being initiated.

Conclusion

The effort to change both the business model and technology of an existing company is best characterized as radical innovation, as it signifies a profound transformation intended to redefine the organization’s operations and market position. Unlike incremental or semi-radical innovation, this approach emphasizes substantial and comprehensive change, marking a pivotal moment in the company’s journey towards modernization and competitiveness.

A manager wants to change both the business model and technology of an existing company. What most accurately describes this type of organizational effort?

Radical innovation describes a significant transformation in both business model and technology within an organization.

Related Questions

Related Quizzes

How familiar were you with this question?

Report an Issue

Rate this Practice Test