Question

Heartbeat Industries has recently introduced a new production method that will make the production of their medical devices more cost-effective. Which of the following will most likely be the result of this innovation?

A. moves down the existing learning curve
B. destabilizes a steeper learning curve
C. jumps to a steeper learning curve
D. stabilizes the existing learning curve

Answer 1

Answer:

The correct answer is letter "C": jumps to a steeper learning curve.

Explanation:

Process innovation represents the adaptation of new technology by a company that changes its operations considerably. Business practices, equipment, or software are introduced during this process driving the company to unexplored fields. In such a case, the change implies a jump into a steeper learning curve for the firm.

Another form of innovation could be given through product innovation which, as its name indicates, requires a company to change the product it offers.