(Q- 1 to 5): Instruction: Read the following passage carefully and answer the question based on 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 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 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 replaces mi older generation of technology — the “break through” approach-or its focus on combining existing technologies into hybrid technologies the “technology fusion” approach. It blends Incremental technical Improvement from several previously separate fields of technology to create products that revolutionise markets. In a world where the old maxim ‘one technology on “industry” no longer applies, a singular breakthrough strategy is inadequate; companies need to include both the breakthrough and fusion approach 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 reason is complex: a distrust of outside innovations and not-invented-here engineering and arrogance and aversion to sharing research results. (Q-3): Which of the following has the same meaning as the word ‘generation’ as it has been used in-the passage?
Solution
Correct Answer: Option D
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