which of the following is an advantage of technology leadership

Which of the following is an advantage of cost leadership? It can also create low morale levels within teams, limit creativity, and ultimately put a company at a disadvantage should certain leaders leave. First movers can make their technology/product/services harder for later entrants to replicate. Divided fixed costs and resources: #5. The need for high sales volume requires low upfront investments in production and/or distribution capacity. The text discusses three approaches to combining overall cost leadership and differentiation competitive advantages. Your email address will not be published. One of the most popular methods to use is the group decision-making method. Advantages of technology Additionally, several firms following a focus strategy and targeting various narrow markets may be able to achieve an even lower cost within their segments and as a group gain significant market share. For that reason, today I have decided to write about the advantages and disadvantages of technology. The company that has provided the funding for this project hopes to sell the hybrid in the former Soviet Union. Leadership. using its low-cost edge to underprice competitors and attract price-sensitive buyers in large enough numbers to increase total profits or refraining from price cutting and using the low-cost advantage to earn a higher profit margin on each unit sold. Question: What forms of technology make your workday more efficient? If you are working in the industry, then you should know the advantages of blockchain technology, i.e., its benefits. It’s important to note that the profit disadvantage kicked in only over the long run. 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. For this purpose two important things should be considered. (T/F)Technology trading is becoming increasingly common. Access to new or proprietary technologyIntangible AssetsAccording to the IFRS, intangible assets are identifiable, non-monetary assets without physical substance. Dean convinced a number of other managers to provide the resources needed to explore the possibilities for Taylor's device. (T/F)Technology is of moderate importance for a firm's competitive advantage. The systematic application of technical knowledge to a new product, process or service is called: Changes that affect the methods of producing outputs are referred to as: Changes in the actual output of an organization are referred to as: The systematic application of scientific knowledge to a new product, process or service is called: ___________ is a change in technology; a departure from previous ways of doing things. His firm should be classified as: Early adopters of new technologies tend to be: Why are the late majority adopters of a new product so late? (T/F)Early adopters of a new technology are considered headstrong or extreme. Only you know what will work best for you and your organization. Highly skilled labor 3. Which of the following is an advantage of coaching? ______ tells whether there is a good financial incentive for "pulling off" a technological innovation. Which one is NOT included? Innovative products and services: #6. The advantages and disadvantages of transactional leadership show that this management style can create fast results that are predictive. Tasks that can be done at a cost advantage are sourced outside. That consistency leads toward corporate success. Higher profit margins B. D) It helps a person improve in an area that is preventing him or her from becoming a leader. The three primary sources of a first-mover advantage are technology leadership, control of resources, and buyer switching costs. They prefer “inclusive” leadership styles–bosses that appreciate them for their hard work (no brown-nosing needed). Lowest costs in the industry. (T/F)If a new technology is theoretically possible, but has no economic practicality, the technology will probably not emerge. All of the following are risks associated with being a technological leader EXCEPT: Technology leadership imposes high costs and risks that followers are not required to bear. (T/F)The appropriate time for an organization to adopt technological innovations is when the costs and risks of switching to the technology are outweighed by the benefits. Globalization, new technologies, and greater transparency have combined to upend the business environment and give many CEOs a deep sense of unease. By. Categorizing technologies as base, key, pacing or emerging is an effort to: Anti-lock brake systems are a well-established feature for automobiles, but still are not "standard equipment" in the industry. Which of the following are components of a cost-leadership strategy? In the past few weeks we have touched on a few of the negative aspects of technology. ABC can establish a low-cost position by: Top Tools observes what its competitors do and then decides what to do. Thus, Firm B can charge a higher price than Firm A because Firm B creates more We live in an era of risk and instability. The Leadership Guy @bizzwriter. Following are a few of the cost leadership strategies: 1. 1. ________ 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. ____________ helps to clarify the key technologies upon which the organization depends. Innovation will spread quickly if all of the following are present EXCEPT: ABC Company maintains an advantage of having a lower cost than its competitors. Today’s technology leaders need skills in all three areas. Price leadership occurs when a preeminent company determines the price of goods or services within its market and other firms in the sector follow suit. (T/F)Technology leadership does not provide a significant learning advantage. Your competitors are innovating, too. 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. Fundamental types of channel access schemes. supported that the leadership was an important factor in effective use of the technology in education (Schiller, 2003; Anderson and Dexter, 2003). In order to experience the full benefits technology has to offer, you must find what is right for you and your organization. (T/F)Development projects are focused on creating a new product or process. The first is that the rivalry must exist among competitors. Each member of my team has a various collection of apps and programs that make their days flow smoothly. Innovation. Little or no competition C. Greater efficiency D. Higher costs E. Establishment of entry barriers 57. A. Q1. Primary tabs. These include: ABC International carefully watches the actions of its most innovative competitor and learns from them. 1. The organization can use the advantage to reap greater profits than competitors or attract more customers by charging lower prices. 4. Companies with high volume businesses can achieve economies of scale. Which of the following is NOT a consideration that influences decisions about technology innovation? Home; Advantages & Disadvantages; Full Forms; You are here. This doesn’t mean they don’t try to convert me to their best apps. Access to natural resources that are restricted to competitors 2. When a company establishes technology leadership by pioneering unique products or services that command premium prices, it has benefited from a: What makes technology leadership attractive for some companies is the potential for: An advantage of technology leadership would include all but one of the following. Leadership is the art of motivating a group of people to act toward achieving a common goal. The Office of Educational Technology (OET) provides leadership for maximizing technology's contribution to improving education at all levels. Leadership training is an important part of employee development that can improve engagement. Acceptable Value 2. Strategy. Let’s get started. So let us check it out some information … This firm only agreed to utilize the new technology after a number of key clients threatened to take their accounts elsewhere unless they could file their returns electronically. Advantage Technology is a proud Microsoft Gold Partner.That means our team has made a significant commitment with Microsoft; completed rigorous, industry-recognized exams and certifications; and have a significant base of customers using Microsoft’s products. Porter's generic strategies describe how a company pursues competitive advantage across its chosen market scope. They should know that ______ technologies provide little competitive advantage. 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. While every generation has its pluses and ... are usually very well versed in technology. How Individuals Use Competitive Advantage . Don’t fall prey to the excess. False If a company focuses on only a small number of value-chain activities, it can be lead to a pitfall of the overall cost leadership strategy. Which of these technologies are commonplace in the industry (everyone must have them to be able to operate)? In recent years, leadership studies have found that having a high emotional intelligence quotient, or EQ, is an important factor in leadership success. To understand technology, one must know what it provides in terms of advantages, but also disadvantages. (T/F)) Innovation is described as a change in technology, a departure from previous ways of doing things. 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? Of course, with every good thing, there come some drawbacks. Always being compared with transactional leadership, transformational leadership is one of the most prominent styles practiced by leaders. B. Technology leadership. This question hasn't been answered yet Ask an expert . What makes innovators and technology leadership attractive is the potential for high profits and first-mover advantages. In an effort to decrease the amount of waste produced in her section, Taylor had developed a device that she used in her work. , deriving benefits from highly focused and high technology marketsD. Emotional Intelligence Is a Competitive Advantage. A firm that competes on cost leadership can be vulnerable if there is a decrease in the cost of the inputs on which the advantage is based. 2. The section supervisor, Dean Roger, thought that Taylor's device was so clever that the company should make it available for all technicians. Maintenance for … Taylor Browne worked as a technician at the Mineral Mining Company. In this lesson, you will learn the definition of technological change as well as its advantages, impacts, and several examples. It can cause financial cuts in critical areas that harm the business. Technology Leadership. In particular, there is a paucity of research on e-leadership in developing countries (Hüsing et al., 2015; Rogerson, 2000) and the factors that direct leadership Enhanced distribution channels: #7. 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. Technology that is commonplace in the industry in which everyone must be able to operate is: The process of comparing the organization's practices and technologies to that of the industry's standards is known as: _______ have yet to prove their full value, but have the potential to alter the rules of competition by providing significant advantage. Autocratic leadership is very similar to the authoritarian leadership style. The "learning advantage" of being a technology leader refers to A. the ability to produce less expensive products due to familiarity and experience with the processes involved. This firm should be classified as: Often isolated and highly conservative in their views, ______ are extremely suspicious of innovation and change. You can use the theory of competitive advantage to advance your career. Competitive Advantage and Technology. The Advantages Of Democratic Leadership In The Workplace. Economies of Scale. (T/F)Bureaucracy is the best friend of innovation. The benefits reach far beyond engagement – with a huge impact on talent retention, business growth and identifying high potential employees. I rely on technology for much of what I do and realize how essential this technology is personally and professionally. What works for one might not work for another. , With an overall cost leadership strategy, firms need not be concerned with parity on differentiation.B. Advantages of technology. 56. (T/F)Benchmarking is the process of comparing the organization's use of technology over time. Copyright © 2015 by Dan Nielsen – www.americashealthcareleaders.com. (T/F)A technology audit is the process of clarifying the key technologies upon which an organization depends. They’re driven. 1. The diseases that resulted in the loss of lives of millions of humans in the past are now … 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? Which of the following describes a product champion? All these disadvantages can be overcome by following a different leadership/managerial approach, trainings, greater role clarity and effective communication strategies. Which of these are still under development and thus are unproved? (T/F)New technology can only come from scientists and product developers working in R&D laboratories. An advantage of technology leadership would include all but one of the following. (T/F)Organizations must consider the feasibility of technological innovations because technical obstacles may represent barriers to progress. 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. (T/F)Emerging technologies are those that have proven effective, but they also provide a strategic advantage because not everyone uses them. The following are some of the disadvantages of technology in nursing: Set Up and Internet Access: An important disadvantage of technology in nursing is that some patients may not be savvy with technology. Fleet Advantage has been awarded the Technology Leadership Award for Fleet TCO Optimization Solutions in North America from industry research and consulting firm, Frost & Sullivan. Get exactly what you need and eliminate the rest. A. Leadership training can also help individual leaders develop their own personal leadership style that their team members will best respond to. Like all assets, intangible assets are those that are expected to generate economic returns for the company in the future. To gain competitive advantage, small businesses can focus on different strategies, including leadership in cost, quality, innovation or customer service. We can't afford to lose that edge by falling further behind in the global nuclear market or stymying innovation here at home. With this, employees can utilise their training to invest their time in the company and grow. 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