True/False

13.1

Innovator's advantage provides the competitive advantages such as competitors' inability to respond in a timely manner, competitors' inability to respond at all, or that the innovator cultivates a customer loyalty with its position in the market.

Answer:

13.2

True market pioneers often survive because they enter the market first and build position and are able to withstand technological advances.

Answer:

13.3

Low-end disruptive innovation is where industries are altered by emerging products that feature a price that appears dramatically low. Incumbent firms often employ this strategy.

Answer:

13.4

Kirin was unable to compete with Asahi in part because of the authentic label.

Answer:

13.5

Curses that plague new businesses include success and size.

Answer:

13.6

Drucker advises innovators to try to innovate for the future.

Answer:.

13.7

Transformational new business arenas can be based on offering a dramatically lower price point, analyzing alternative industries to find white space, offering a systems rather than components, building on customer insights or market trends and by collaborating with other people and firms.

Answer: