ModelLife Electronics Inc

question 106

Multiple Choice

ModelLife Electronics Inc.is a company that builds diagnostic devices.It was the first company to develop a compact MRI scanner by reconfiguring the components of the MRI technology.This smaller and user-friendly version of the huge MRI scanner created demand from small hospitals, nursing homes, and private practice doctors who were earlier dependent on the scanning machines in large hospitals.Which of the following types of innovations does this scenario best illustrate?

• A) Disruptive innovation
• B) Incremental innovation
• C) Radical innovation
• D) Architectural innovation

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Definitions:

Portfolio Analysis

A systematic process of evaluating the elements of a portfolio, assessing their performance, risk, and interrelations, to inform strategic decisions and optimize returns.

Spend Map

A visual representation that depicts an organization's expenditure across different departments, suppliers, or categories, often used to identify cost-saving opportunities.

Multiple Sourcing

The strategy of procuring a particular product or service from more than one supplier in order to reduce dependency on any single source and increase reliability and competitiveness.

Bottleneck Items

Items or stages in a process that significantly delay production or throughput due to their limited capacity or efficiency.