Answer :
Final answer:
The technology industry, particularly sectors like biotechnology and semiconductor design, is highlighted for its rapid pace of innovation in Innovation Management. This swift advancement disrupts industries by introducing groundbreaking products and efficiencies. So the correct answer is option (1).
Explanation:
In Innovation Management, the technology industry is often highlighted as an example of rapid innovation. This includes sectors like biotechnology and semiconductor design, where the pace of technological advancement is so swift that traditional mechanisms such as patents may struggle to keep up. Innovations in these areas not only disrupt their respective industries but also create new opportunities for advancements and efficiencies that were previously unimaginable.
Examples of innovation in the technology sector can include the development of cutting-edge medical treatments in biotechnology that revolutionize patient care, or breakthroughs in semiconductor design that enhance computing power and efficiency, fueling further advancements in various industries.