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Read the information given below carefully and answer the following question.
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 fibre developed by the textile industry has potential for building materials and medical equipment. Some companies are adept at using a diversity of technologies to 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 is 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 an older generation of technology the ‘break through’ approach-or its focus on combining existing technologies into hybrid technologies – the ‘technologies fusion’ approach. It blends incremental technical improvements from several previously separate field of technology to create products that revolutionise markets. In a world where the old maxim ‘one technology one industry’ no longer applies, a singular breakthrough strategy is inadequate; companies need to include both the breakthrough and fusion approaches 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 reasons are complex: a distrust of outside innovations and not-invented here engineering and arrogance and aversion to sharing research results.
Q. What is the immediate effect, according to the passage, if a company does not innovate?
  • a)
    It closes down.
  • b)
    It ceases to be competitive in the market.
  • c)
    The prices of its products go up.
  • d)
    Its R & D departments close down.
Correct answer is option 'B'. Can you explain this answer?
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Read the information given below carefully and answer the following qu...
Refer the second sentence of the first paragraph “No longer can companies afford to miss generation of technology and expect to remain competitive.”
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Read the information given below carefully and answer the following qu...
The Consequence of Not Innovating
When a company fails to innovate, the most immediate effect is that it becomes uncompetitive in the market. This is crucial in today's fast-paced technological landscape.
Reasons for Decreased Competitiveness:
- Rapid Technological Advancements: The passage highlights that technological innovation is accelerating across various industries. Companies that do not adapt may quickly fall behind.
- Cross-Industry Innovations: Innovations are increasingly overlapping between sectors. For instance, a new textile fiber can impact construction and healthcare. Companies that fail to innovate miss out on these opportunities.
- Diversity in Technology Use: Successful companies leverage a mix of technologies to create new products. Those that cling solely to older methods risk obsolescence.
Focus on Technology Strategy:
- Breakthrough vs. Fusion Approaches: Companies must balance between making groundbreaking innovations and combining existing technologies. Relying solely on a breakthrough strategy can lead to narrow R&D efforts, making them less competitive.
- Western Companies' Challenges: Many Western firms still depend heavily on the breakthrough approach due to distrust in external innovations and a reluctance to share research outcomes. This reliance can hinder their growth and adaptability.
Conclusion:
In summary, if a company does not innovate, it will cease to remain competitive in the market. This is not merely a financial issue but a necessity for survival in an evolving technological environment. Embracing a dual approach to R&D can help companies thrive and sustain their market position.
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Read the information given below carefully and answer the following question.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 fibre developed by the textile industry has potential for building materials and medical equipment. Some companies are adept at using a diversity of technologies to 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 is not how much a company spends on research and development (R&D), but how it approaches it. There are two possibleapproaches. Either a company can invest in R&D that an older generation of technology the ‘break through’ approach-or its focus on combining existing technologies into hybrid technologies – the ‘technologies fusion’ approach. It blends incremental technical improvements from several previously separate field of technology to create products that revolutionise markets. In a world where the old maxim ‘one technology one industry’ no longer applies, a singular breakthrough strategy is inadequate; companies need to include both the breakthrough and fusion approaches 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 reasons are complex: a distrust of outside innovations and not-invented here engineering and arrogance and aversion to sharing research results.Q.What does the author want to highlight by using the example ‘apparel to aerospace’ and ‘steel to software’?

Read the information given below carefully and answer the following question.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 fibre developed by the textile industry has potential for building materials and medical equipment. Some companies are adept at using a diversity of technologies to 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 is not how much a company spends on research and development (R&D), but how it approaches it. There are two possibleapproaches. Either a company can invest in R&D that an older generation of technology the ‘break through’ approach-or its focus on combining existing technologies into hybrid technologies – the ‘technologies fusion’ approach. It blends incremental technical improvements from several previously separate field of technology to create products that revolutionise markets. In a world where the old maxim ‘one technology one industry’ no longer applies, a singular breakthrough strategy is inadequate; companies need to include both the breakthrough and fusion approaches 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 reasons are complex: a distrust of outside innovations and not-invented here engineering and arrogance and aversion to sharing research results.Q.Why do Western companies avoid the technology fusion approach?

Read the information given below carefully and answer the following question.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 fibre developed by the textile industry has potential for building materials and medical equipment. Some companies are adept at using a diversity of technologies to 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 is not how much a company spends on research and development (R&D), but how it approaches it. There are two possibleapproaches. Either a company can invest in R&D that an older generation of technology the ‘break through’ approach-or its focus on combining existing technologies into hybrid technologies – the ‘technologies fusion’ approach. It blends incremental technical improvements from several previously separate field of technology to create products that revolutionise markets. In a world where the old maxim ‘one technology one industry’ no longer applies, a singular breakthrough strategy is inadequate; companies need to include both the breakthrough and fusion approaches 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 reasons are complex: a distrust of outside innovations and not-invented here engineering and arrogance and aversion to sharing research results.Q.Which of the following features of technology has been highlighted most prominently by the author of the passage?

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 fibre developed by the textile industry has potential for building materials and medical equipment. Some companies are adept at using a diversity of technologies to 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 is 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 uses an older generation of technology, the ‘breakthrough’ approach-or its focus on combining existing technologies into hybrid technologies - the ‘technologies fusion’ approach. It blends incremental technical improvements from several previously separate fields of technology to create products that revolutionise markets. In a world where the old maxim ‘one technology one industry’ no longer applies, a singular breakthrough strategy is inadequate; companies need to include both the breakthrough and fusion approaches 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 reasons are complex: a distrust of outside innovations and not-invented here engineering and arrogance and aversion to sharing research results.What, according to the author, is adding to the pressure on the companies?

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 fibre developed by the textile industry has potential for building materials and medical equipment. Some companies are adept at using a diversity of technologies to 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 is 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 uses an older generation of technology, the ‘breakthrough’ approach-or its focus on combining existing technologies into hybrid technologies - the ‘technologies fusion’ approach. It blends incremental technical improvements from several previously separate fields of technology to create products that revolutionise markets. In a world where the old maxim ‘one technology one industry’ no longer applies, a singular breakthrough strategy is inadequate; companies need to include both the breakthrough and fusion approaches 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 reasons are complex: a distrust of outside innovations and not-invented here engineering and arrogance and aversion to sharing research results.Which of the following would correctly reflect the position regarding the two approaches to technology adoption?

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Read the information given below carefully and answer the following question.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 fibre developed by the textile industry has potential for building materials and medical equipment. Some companies are adept at using a diversity of technologies to 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 is not how much a company spends on research and development (R&D), but how it approaches it. There are two possibleapproaches. Either a company can invest in R&D that an older generation of technology the ‘break through’ approach-or its focus on combining existing technologies into hybrid technologies – the ‘technologies fusion’ approach. It blends incremental technical improvements from several previously separate field of technology to create products that revolutionise markets. In a world where the old maxim ‘one technology one industry’ no longer applies, a singular breakthrough strategy is inadequate; companies need to include both the breakthrough and fusion approaches 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 reasons are complex: a distrust of outside innovations and not-invented here engineering and arrogance and aversion to sharing research results.Q.What is the immediate effect, according to the passage, if a company does not innovate?a)It closes down.b)It ceases to be competitive in the market.c)The prices of its products go up.d)Its R & D departments close down.Correct answer is option 'B'. Can you explain this answer?
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Read the information given below carefully and answer the following question.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 fibre developed by the textile industry has potential for building materials and medical equipment. Some companies are adept at using a diversity of technologies to 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 is not how much a company spends on research and development (R&D), but how it approaches it. There are two possibleapproaches. Either a company can invest in R&D that an older generation of technology the ‘break through’ approach-or its focus on combining existing technologies into hybrid technologies – the ‘technologies fusion’ approach. It blends incremental technical improvements from several previously separate field of technology to create products that revolutionise markets. In a world where the old maxim ‘one technology one industry’ no longer applies, a singular breakthrough strategy is inadequate; companies need to include both the breakthrough and fusion approaches 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 reasons are complex: a distrust of outside innovations and not-invented here engineering and arrogance and aversion to sharing research results.Q.What is the immediate effect, according to the passage, if a company does not innovate?a)It closes down.b)It ceases to be competitive in the market.c)The prices of its products go up.d)Its R & D departments close down.Correct answer is option 'B'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Read the information given below carefully and answer the following question.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 fibre developed by the textile industry has potential for building materials and medical equipment. Some companies are adept at using a diversity of technologies to 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 is not how much a company spends on research and development (R&D), but how it approaches it. There are two possibleapproaches. Either a company can invest in R&D that an older generation of technology the ‘break through’ approach-or its focus on combining existing technologies into hybrid technologies – the ‘technologies fusion’ approach. It blends incremental technical improvements from several previously separate field of technology to create products that revolutionise markets. In a world where the old maxim ‘one technology one industry’ no longer applies, a singular breakthrough strategy is inadequate; companies need to include both the breakthrough and fusion approaches 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 reasons are complex: a distrust of outside innovations and not-invented here engineering and arrogance and aversion to sharing research results.Q.What is the immediate effect, according to the passage, if a company does not innovate?a)It closes down.b)It ceases to be competitive in the market.c)The prices of its products go up.d)Its R & D departments close down.Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Read the information given below carefully and answer the following question.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 fibre developed by the textile industry has potential for building materials and medical equipment. Some companies are adept at using a diversity of technologies to 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 is not how much a company spends on research and development (R&D), but how it approaches it. There are two possibleapproaches. Either a company can invest in R&D that an older generation of technology the ‘break through’ approach-or its focus on combining existing technologies into hybrid technologies – the ‘technologies fusion’ approach. It blends incremental technical improvements from several previously separate field of technology to create products that revolutionise markets. In a world where the old maxim ‘one technology one industry’ no longer applies, a singular breakthrough strategy is inadequate; companies need to include both the breakthrough and fusion approaches 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 reasons are complex: a distrust of outside innovations and not-invented here engineering and arrogance and aversion to sharing research results.Q.What is the immediate effect, according to the passage, if a company does not innovate?a)It closes down.b)It ceases to be competitive in the market.c)The prices of its products go up.d)Its R & D departments close down.Correct answer is option 'B'. Can you explain this answer?.
Solutions for Read the information given below carefully and answer the following question.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 fibre developed by the textile industry has potential for building materials and medical equipment. Some companies are adept at using a diversity of technologies to 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 is not how much a company spends on research and development (R&D), but how it approaches it. There are two possibleapproaches. Either a company can invest in R&D that an older generation of technology the ‘break through’ approach-or its focus on combining existing technologies into hybrid technologies – the ‘technologies fusion’ approach. It blends incremental technical improvements from several previously separate field of technology to create products that revolutionise markets. In a world where the old maxim ‘one technology one industry’ no longer applies, a singular breakthrough strategy is inadequate; companies need to include both the breakthrough and fusion approaches 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 reasons are complex: a distrust of outside innovations and not-invented here engineering and arrogance and aversion to sharing research results.Q.What is the immediate effect, according to the passage, if a company does not innovate?a)It closes down.b)It ceases to be competitive in the market.c)The prices of its products go up.d)Its R & D departments close down.Correct answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for UPSC. Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free.
Here you can find the meaning of Read the information given below carefully and answer the following question.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 fibre developed by the textile industry has potential for building materials and medical equipment. Some companies are adept at using a diversity of technologies to 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 is not how much a company spends on research and development (R&D), but how it approaches it. There are two possibleapproaches. Either a company can invest in R&D that an older generation of technology the ‘break through’ approach-or its focus on combining existing technologies into hybrid technologies – the ‘technologies fusion’ approach. It blends incremental technical improvements from several previously separate field of technology to create products that revolutionise markets. In a world where the old maxim ‘one technology one industry’ no longer applies, a singular breakthrough strategy is inadequate; companies need to include both the breakthrough and fusion approaches 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 reasons are complex: a distrust of outside innovations and not-invented here engineering and arrogance and aversion to sharing research results.Q.What is the immediate effect, according to the passage, if a company does not innovate?a)It closes down.b)It ceases to be competitive in the market.c)The prices of its products go up.d)Its R & D departments close down.Correct answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Read the information given below carefully and answer the following question.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 fibre developed by the textile industry has potential for building materials and medical equipment. Some companies are adept at using a diversity of technologies to 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 is not how much a company spends on research and development (R&D), but how it approaches it. There are two possibleapproaches. Either a company can invest in R&D that an older generation of technology the ‘break through’ approach-or its focus on combining existing technologies into hybrid technologies – the ‘technologies fusion’ approach. It blends incremental technical improvements from several previously separate field of technology to create products that revolutionise markets. In a world where the old maxim ‘one technology one industry’ no longer applies, a singular breakthrough strategy is inadequate; companies need to include both the breakthrough and fusion approaches 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 reasons are complex: a distrust of outside innovations and not-invented here engineering and arrogance and aversion to sharing research results.Q.What is the immediate effect, according to the passage, if a company does not innovate?a)It closes down.b)It ceases to be competitive in the market.c)The prices of its products go up.d)Its R & D departments close down.Correct answer is option 'B'. Can you explain this answer?, a detailed solution for Read the information given below carefully and answer the following question.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 fibre developed by the textile industry has potential for building materials and medical equipment. Some companies are adept at using a diversity of technologies to 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 is not how much a company spends on research and development (R&D), but how it approaches it. There are two possibleapproaches. Either a company can invest in R&D that an older generation of technology the ‘break through’ approach-or its focus on combining existing technologies into hybrid technologies – the ‘technologies fusion’ approach. It blends incremental technical improvements from several previously separate field of technology to create products that revolutionise markets. In a world where the old maxim ‘one technology one industry’ no longer applies, a singular breakthrough strategy is inadequate; companies need to include both the breakthrough and fusion approaches 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 reasons are complex: a distrust of outside innovations and not-invented here engineering and arrogance and aversion to sharing research results.Q.What is the immediate effect, according to the passage, if a company does not innovate?a)It closes down.b)It ceases to be competitive in the market.c)The prices of its products go up.d)Its R & D departments close down.Correct answer is option 'B'. Can you explain this answer? has been provided alongside types of Read the information given below carefully and answer the following question.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 fibre developed by the textile industry has potential for building materials and medical equipment. Some companies are adept at using a diversity of technologies to 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 is not how much a company spends on research and development (R&D), but how it approaches it. There are two possibleapproaches. Either a company can invest in R&D that an older generation of technology the ‘break through’ approach-or its focus on combining existing technologies into hybrid technologies – the ‘technologies fusion’ approach. It blends incremental technical improvements from several previously separate field of technology to create products that revolutionise markets. In a world where the old maxim ‘one technology one industry’ no longer applies, a singular breakthrough strategy is inadequate; companies need to include both the breakthrough and fusion approaches 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 reasons are complex: a distrust of outside innovations and not-invented here engineering and arrogance and aversion to sharing research results.Q.What is the immediate effect, according to the passage, if a company does not innovate?a)It closes down.b)It ceases to be competitive in the market.c)The prices of its products go up.d)Its R & D departments close down.Correct answer is option 'B'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Read the information given below carefully and answer the following question.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 fibre developed by the textile industry has potential for building materials and medical equipment. Some companies are adept at using a diversity of technologies to 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 is not how much a company spends on research and development (R&D), but how it approaches it. There are two possibleapproaches. Either a company can invest in R&D that an older generation of technology the ‘break through’ approach-or its focus on combining existing technologies into hybrid technologies – the ‘technologies fusion’ approach. It blends incremental technical improvements from several previously separate field of technology to create products that revolutionise markets. In a world where the old maxim ‘one technology one industry’ no longer applies, a singular breakthrough strategy is inadequate; companies need to include both the breakthrough and fusion approaches 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 reasons are complex: a distrust of outside innovations and not-invented here engineering and arrogance and aversion to sharing research results.Q.What is the immediate effect, according to the passage, if a company does not innovate?a)It closes down.b)It ceases to be competitive in the market.c)The prices of its products go up.d)Its R & D departments close down.Correct answer is option 'B'. Can you explain this answer? tests, examples and also practice UPSC tests.
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