send mail to support@abhimanu.com mentioning your email id and mobileno registered with us! if details not recieved
Resend Opt after 60 Sec.
By Loging in you agree to Terms of Services and Privacy Policy
Claim your free MCQ
Please specify
Please verify your mobile number
Login not allowed, Please logout from existing browser
Please update your name
Subscribe to Notifications
Stay updated with the latest Current affairs and other important updates regarding video Lectures, Test Schedules, live sessions etc..
Your Free user account at abhipedia has been created.
Remember, success is a journey, not a destination. Stay motivated and keep moving forward!
Refer & Earn
Enquire Now
My Abhipedia Earning
Kindly Login to view your earning
Support
Directions : Read the following passage carefully and answer the questions given below it.
From ‘apparel to aerospace’, ‘steel to software’, the pace of technological innovation is quickening. No longer can companies afford to miss generation of technology and expect to remain competitive. Adding to the pressure, innovations are increasingly crossing industry boundaries; a new fiber developed by the textile industry has potential for building materials and medical equipment. Some companies are adept at using a diversity of technologies to create new products that transform markets. But many others are floundering because they rely on a technology strategy that no longer works in such a fast changing environment. The difference between success and failure is not how much a company spends on research and development (R&D),but how it approaches it.There are two possible approaches. Either a company can invest in R&D that an older generation of technology the ‘break through’ approach-or its focus on combining existing technologies into hybrid technologies – the ‘technologies fusion’ approach. It blends incremental technical improvements from several previously separate field of technology to create products that revolutionise markets.In a world where the old maxim ‘one technology one industry’ no longer applies, a singular breakthrough strategy is inadequate; companies need to include both the breakthrough and fusion approaches in their technology strategy. Relying on breakthroughs alone fails because it focuses the R&D efforts to narrowly, ignoring the possibilities of combining technologies. Yet many western companies still rely almost exclusively – on the breakthrough approach.The reasons are complex: a distrust of outside innovations and not-invented here engineering and arrogance and aversion to sharing research results.
What, according to the author, is adding to the pressure on the companies?
Applicability of technologies of other industries to them
Increasing speed of technological innovations
Work load on their R & D departments
Finding funds for increased R & D activities
Demand from customers for improved products
Correct Answer is (a).Refer the third sentence of the first paragraph “Adding to the pressure, innovations are increasingly crossing industry boundaries; a new fiber developed by the textile industry has potential for building materials and medical equipment.”
Report error
Access to prime resources