Answer the Following Questions
Question 1: Briefly explain any four potential negative consequences of rapid technological innovation.
Question 2: Briefly explain the advantages and disadvantages of a) individuals as innovators, b) firms as innovators.
Question 3: What is Technology Spillover? Explain Horizontal and Vertical Spillover with examples.
Question 4: Briefly explain any three strategies that IT companies can use to foster a culture of innovation within their organizations.
Assessment Criteria
- Your work will be assessed on the following criteria:
- The accuracy of the answer (40%)
- The consistency in the answer (30%)
- The level of the communication (30%)
Important Notes:
- This assessment is worth 3% of your overall subject mark
- Your answers to all four questions combined should be between 500 and 600 words
- Do not copy and paste from the internet or use AI tools for this activity
- You must complete this activity during the class timings and submit on the Turnitin link provided on the moodle
- Marks will be deducted for late submission
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