[Solved] 1- Tesla started in a new, untapped market by creating the first... (2024)

1- Tesla started in a new, untapped market by creating the first fully electric vehicles. When they entered the market, they had no competitors. Tesla's entrance into the new market is what type of strategy?

A Location

B Unique

C Innovation

D Blue Ocean

E None of these

Which of the following is a risk first movers must be aware of?

A- Customers will love

B- The need to commit sufficient resources to follow through on their pioneering efforts

C- That there's no need to leverage strategic resources

D) All of these

The smartphone industry has become saturated with an array of products. However, there are few major producers for smartphones. Smartphones have evolved beyond what most consumers had ever imagined them to be within the last 2 decades, but growth and diversification seems to be slowing down. Based on our knowledge of types of innovation, what can we reasonably expect to see from smartphone producers for the next several years?

A) Incremental innovation

B) Architectural innovation

C) Radical innovation

D) Disruptive innovation