Question

Maxsigma, a software company, released a text-processing application. This application was user-friendly and widely accepted by its customers. However, a few months later, users found that it was susceptible to the virus, and they switched to newer and more efficient text processing applications. In the context of innovation streams, which of the following concepts does this scenario best illustrate?

a. Technological singularity
b. The compression approach to innovation
c. The experiential approach to innovation
d. Technological lockout

Answer 1

Answer: The correct answer is "d. Technological lockout".

Explanation: In the context of innovation streams, the concept of technologocial lockout best illustrate this scenario because this refers to the inability of a company to maintain competition in the market for its products because it is based on outdated technologies.