An example of a social complementary asset is?

Study for the Information Technology Applications 203C (ITA203C) FE Test. Utilize flashcards and multiple-choice questions, each with hints and explanations. Prepare effectively for your exam!

The correct response highlights that technology and service firms in adjacent markets are indeed examples of social complementary assets. Social complementary assets refer to the resources and capabilities that enhance the value of a core technology or innovation beyond its standalone benefits. These social assets include external partnerships and collaborations that enable a company to leverage new technologies effectively.

In the case of technology and service firms in adjacent markets, the interactions and synergies between them can provide additional value to a primary offering. For instance, a software company may partner with a consulting firm to deliver a more comprehensive solution to customers, thus increasing adoption and usage of the technology. This type of collaboration enhances market reach and enriches the customer experience.

While training programs and distributed decision-making rights are also valuable resources within an organization, they are more focused on internal capabilities rather than external relationships that exemplify the concept of social complementary assets. Therefore, their role does not fully capture the essence of enhancing the value of technologies in conjunction with external partners, which is central to the idea of social complementary assets.

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