Question

5. outsourcing will work well with complex technological innovation development.

True

False

6. outsourcing components of a firm's specialized products is a good idea.

True

False

7. once supplier management has been set up the supplier can basically self-manage and report periodically back to the firm.

True

False

8. dominant design transforms competition in the product class.

True

False

Answer 1

5. True

Outsourcing is done for those processes or project developments for which the organization does not have inhouse expertise and require the help of outsourcing agencies. Complex technological innovation development might not have inhouse expertise, hence organization might want to outsource it.

6. False

It is not a good idea to outsource components of firm's specialized products since those are internal to the company and might result in information theft if outsourced.

7. True

Supplier management process ensures that supplier is integrated with the company's portal and is connected with the company smoothly. They can self manage and report periodically back to the firm and the firm does not have to hand hold the supplier after implementing supplier management.

8. True

Dominant design definitely transforms competition in the product class since it makes the firm more competitive in the industry and the competitors have to build a better design to stay in competition which transforms the industry.