When two or more companies jointly pursue specific new technology development by bringing together diverse skills and/or resources: Which of the following would NOT be the responsibility of a chief technology officer? The early majority, representing ______ percent of adopters is more deliberate and takes longer to decide to use something new. The "learning advantage" of being a technology leader refers to. ________ firms' strategies are focused more on deepening their capacity base through complementary technologies that extend rather than replace their current ones, whereas a hybrid _______ firm tends to grab a dominant position from their strengths in marketing and manufacturing than through technological innovation. This is called ________ leadership. Which of the following is an advantage of cost leadership? (T/F)Organizations must consider the feasibility of technological innovations because technical obstacles may represent barriers to progress. The Office of Educational Technology (OET) provides leadership for maximizing technology's contribution to improving education at all levels. Technology helps children to stay motivated during the learning process. In the past few weeks we have touched on a few of the negative aspects of technology. A. A unique geographic location 4. To understand technology, one must know what it provides in terms of advantages, but also disadvantages. (T/F)Companies who are seen as proactive "technology-push" innovators tend to have cultures that are more outward-looking and opportunistic. (T/F)Technology leadership does not provide a significant learning advantage. A firm’s ability to maintain an advantage in market value depends on whether investors perceive that the rate of cash flow growth will be sustained. Which of the following is viewed as a competitive advantage by business leaders to promote a … Which one is not included? A) It alerts the leader to information that will make a difference in leadership. It can cause financial cuts in critical areas that harm the business. Question: Which Of The Following Is Not An Advantage Of Developing A Warm Mix Asphalt Technology? The section supervisor, Dean Roger, thought that Taylor's device was so clever that the company should make it available for all technicians. As the name suggests producing more products will reduce the per-unit cost. Your competitors are innovating, too. The three primary sources of a first-mover advantage are technology leadership, control of resources, and buyer switching costs. (T/F)Technology leadership is used to support a differentiation strategy while technology follower ship is limited to supporting a low-cost strategy. Dean convinced a number of other managers to provide the resources needed to explore the possibilities for Taylor's device. As technology improves, the competition may be able to leapfrog the production capabilities, thus eliminating the competitive advantage. Fundamental types of channel access schemes. In a traditional factory, compensation practices usually include: An approach to job design that attempts to redesign tasks to optimize operation of a new technology while preserving employees' interpersonal relationships and other human aspects of the work is called a(n): Compensation practices in traditional and advanced manufacturing firms include the following except. Your email address will not be published. In this type of leadership, the rules and procedures that teams use are quite rigid. A. , automated and flexible manufacturing systemsB. At the medical level, technology can help treat more sick people and consequently save many lives and combat very harmful viruses and bacteria. Primary tabs. In recent years, leadership studies have found that having a high emotional intelligence quotient, or EQ, is an important factor in leadership success. As president of Advantage Digital Technology, Chris Butler sets the strategy for the division, which drives value for clients through operational optimization, online expansion and retail execution. Whereas the firm's strategic position can be considered either differentiated or cost-focused, the scope of competition is considered _____ Narrow or Broad. Main menu. , With an overall cost leadership strategy, firms need not be concerned with parity on differentiation.B. Home » Teamwork » Advantages and Disadvantages of Teamwork. , In the long run, a business with one or more competitive advantages is probably destined to earn normal profits.D. (T/F)Scanning focuses on what can be done and what is being developed. (T/F)Technology trading is becoming increasingly common. Technological innovations can support either of these strategies by providing (i) cost advantage through low-cost product designs and creating low-cost processes or methods to perform the needed operations or (ii) Differentiation by unique products or services which increase buyer value and thus command premium prices. Leadership. The benefits reach far beyond engagement – with a huge impact on talent retention, business growth and identifying high potential employees. Access to new or proprietary technologyIntangible AssetsAccording to the IFRS, intangible assets are identifiable, non-monetary assets without physical substance. They should know that ______ technologies provide little competitive advantage. I rely on technology for much of what I do and realize how essential this technology is personally and professionally. This question hasn't been answered yet Ask an expert . These include: ABC International carefully watches the actions of its most innovative competitor and learns from them. An advantage of technology leadership would include all but one of the following. Thought Leadership; Pros and cons of developing new technologies and their impact on the environment . A focused organizational effort to create a new product or process via technological advances is called: When adoption of a new technology requires the redesign of jobs and the redesign optimizes the social and technical efficiency of work, the design is referred to as a(n) ________ approach. B) It helps in acclimatizing to the company and accepting its vision and values. , deriving benefits from highly focused and high technology marketsD. About Health, Science and Technology . (T/F)Being the first to develop or adopt a new technology always leads to immediate advantages and high profits. (T/F)Emerging technologies are those that have proven effective, but they also provide a strategic advantage because not everyone uses them. Competitive Advantage in Technology Intensive Industries 205. advantage on both levels, with higher perceived value created than Firm A, with, at the same time, lower costs to produce the good or service. Grow 3 Unique Advantages of Introverted Leaders (Backed Up by Science) Being the best talker doesn't always mean having the best ideas. Which of the following is NOT a consideration that influences decisions about technology innovation? The invention of the computer was a very important point. While technology has a few negative implications on our work-life balance, it also enables us to work more effectively and efficiently when utilized well. There are many ways to make a decision in a group environment, whether you find yourself in a personal or professional situation. If you’re not listening to customers and making changes based on their feedback, there’s no way you can keep up. (T/F)Benchmarking is the process of comparing the organization's use of technology over time. This style also shows us that it must be carefully managed to be beneficial and may need to be combined with other leadership styles to maximize its effectiveness. With the help of technology, our healthcare system has flourished. First movers can make their technology/product/services harder for later entrants to replicate. Porter acknowledges technology's role as one of the principal drivers of competition claiming that it plays a major role in both the structural changes in existing industries as well as in the creation of new industries. supported that the leadership was an important factor in effective use of the technology in education (Schiller, 2003; Anderson and Dexter, 2003). While every generation has its pluses and ... are usually very well versed in technology. These technologies have slowly taken an essential part in people’s day-to-day lives and being without them would be unimaginable for some of us. (T/F)Early adopters of a new technology are considered headstrong or extreme. All other firms are utilizing the system and have found it to be reliable. The need for high sales volume requires low upfront investments in production and/or distribution capacity. Little or no competition C. Greater efficiency D. Higher costs E. Establishment of entry barriers 57. Better Transparency Transparency is one of the big issues in the current industry. List of the Advantages of Technology in Education. With this, employees can utilise their training to invest their time in the company and grow. His company needs to install a new software program, which he orders from his company's online supplier. Let’s get started. The technological revolution will only continue—and we must learn how to adapt to all of this new technology. In terms of busines strategy, blue oceans represents which of the following? The advantages and disadvantages of a democratic leadership style show how important it is to embrace the diversity which exists within every team and workplace. 11) Which of the following is NOT an advantage of technology? Search form. This leadership style is considered to be one of the most effective for leaders in executive positions, and it can bring myriad benefits to an organisation.. We live in an era of risk and instability. 4. Dean's role in developing the new device is that of: Taylor Browne worked as a technician at the Mineral Mining Company. They prefer “inclusive” leadership styles–bosses that appreciate them for their hard work (no brown-nosing needed). The organization can use the advantage to reap greater profits than competitors or attract more customers by charging lower prices. Low inventory levels are maintained, the inventory turnover is high, the plant lead time is less, the buyers are low­cost and match their value chain with the customer, they enable time-definite deliveries with low variability and orders are generally standardized. Should Eileen sell her company, the buyer will have acquired technology via: For which of the following reasons might a firm choose to trade technology? In this lesson, you will learn the definition of technological change as well as its advantages, impacts, and several examples.