A. Q1. 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 (T/F)Technology leadership is used to support a differentiation strategy while technology follower ship is limited to supporting a low-cost strategy. With the help of technology, our healthcare system has flourished. Which of the following is an advantage of cost leadership? Technology leadership: Other firms were hesitant to use the new system until it had proven itself reliable and considered use of the system during the first year as somewhat extreme. There are several leadership styles, all with their own advantages and disadvantages. , deriving benefits from highly focused and high technology marketsD. At the medical level, technology can help treat more sick people and consequently save many lives and combat very harmful viruses and bacteria. The section supervisor, Dean Roger, thought that Taylor's device was so clever that the company should make it available for all technicians. Fundamental types of channel access schemes. The firm that prepares Joe's annual tax returns was one of the first to utilize the IRS system which enabled the returns to be transmitted to the IRS electronically rather than through the mail. It is a worthy goal to maintain a low-cost position. B. Over half of millennials deeply value the ability to progress in their career and are more attracted to careers where they know they have room to be given more responsibilities. An advantage of technology leadership would include all but one of the following. Question: What forms of technology make your workday more efficient? (T/F)Technology trading is becoming increasingly common. Leadership. c. In markets that involve a lot of brand loyalty, cost leadership companies command the largest share in the market. Which of the following is a disadvantage of technology leadership? 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. Which one is NOT included? Which of these technologies are commonplace in the industry (everyone must have them to be able to operate)? Which of the following is NOT a consideration that influences decisions about technology innovation? 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. The cost leadership strategy is realized by developing a highly efficient cost-responsive supply chain. supported that the leadership was an important factor in effective use of the technology in education (Schiller, 2003; Anderson and Dexter, 2003). Economies of Scale. 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. Companies with high volume businesses can achieve economies of scale. I rely on technology for much of what I do and realize how essential this technology is personally and professionally. This doesn’t mean they don’t try to convert me to their best apps. This is called ________ leadership. In this type of leadership, the rules and procedures that teams use are quite rigid. (T/F)Early adopters of a new technology are considered headstrong or extreme. Leadership training is an important part of employee development that can improve engagement. They would therefore be classified as a(n): Technologies that have yet to prove their full value but that hold the potential to provide significant advantage are measured as. Technology Leadership. (T/F)Bureaucracy is the best friend of innovation. Which of the following is viewed as a competitive advantage by business leaders to promote a … We can safely presume the notion of Chang, Chin and Hsu (2008) that technology leadership behaviors are important to successful implementation of educational technology plans. 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. Home » Teamwork » Advantages and Disadvantages of Teamwork. 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. Better Transparency Transparency is one of the big issues in the current industry. It enables a vision to be quickly formulated. Taylor's role in developing the new device is that of: Which of the following describes an executive champion? A unique geographic location 4. His company needs to install a new software program, which he orders from his company's online supplier. Who has the role of developing new technology and/or installing and operating new technologies? 4. It can also create low morale levels within teams, limit creativity, and ultimately put a company at a disadvantage should certain leaders leave. 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? There are many ways to make a decision in a group environment, whether you find yourself in a personal or professional situation. Technology helps children to stay motivated during the learning process. Your email address will not be published. Which of the following is an advantage of coaching? 5. The Internet of Things (IoT) is the next frontier in the digital revolution. The benefits reach far beyond engagement – with a huge impact on talent retention, business growth and identifying high potential employees. Following are a few of the cost leadership strategies: 1. Dean's role in developing the new device is that of: Taylor Browne worked as a technician at the Mineral Mining Company. In order to experience the full benefits technology has to offer, you must find what is right for you and your organization. In a TDMA system, the needed selectivity is obtained in time rather than frequency. The Office of Educational Technology (OET) provides leadership for maximizing technology's contribution to improving education at all levels. These are interesting times because it is rare that the communications industry rolls out a new modulation format. >See also: Tech Events Diary. Ivory International, a machine tool manufacturing company is very concerned about competitive advantage in their industry. A low-cost leader can translate its low-cost advantage over its rivals into superior profit performance by. Let’s get started. A. Answer to: Why would a company choose to follow rather than lead technological innovations? 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. Innovation. Technology has the ability to make our days more productive when utilized with discretion and proper prudence. Search form. The text discusses three approaches to combining overall cost leadership and differentiation competitive advantages. Question: Which Of The Following Is Not An Advantage Of Developing A Warm Mix Asphalt Technology? , With an overall cost leadership strategy, firms need not be concerned with parity on differentiation.B. 1. Which of the following describes a technical innovator? 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. Your competition is other employees and technology. 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. List of the Advantages of Technology in Education. 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. The following are some advantages and disadvantages to the approach: – Transformational Leadership Advantages 1. The first is that the rivalry must exist among competitors. The advantages and disadvantages of transactional leadership show that this management style can create fast results that are predictive. It will not be possible for small companies to achieve cost leadership with economies of scale. 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. Strategy. They prefer “inclusive” leadership styles–bosses that appreciate them for their hard work (no brown-nosing needed). 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. (T/F)Emerging technologies are those that have proven effective, but they also provide a strategic advantage because not everyone uses them. (T/F)Development projects are focused on creating a new product or process. As the name suggests producing more products will reduce the per-unit cost. The Advantages Of Democratic Leadership In The Workplace. Easy to get into the international market: #8. A. , automated and flexible manufacturing systemsB. b. The firm that prepares Emily's annual tax returns has finally agreed to utilize the IRS system which enables the returns to be transmitted to the IRS electronically rather than through the mail. Other leaders in operational excellence include Wal-Mart, American Airlines, and Federal Express. Advantages of Leadership It shows Path to People The biggest advantage of leadership is that it shows the path to the people so that they can follow that path and achieve the objective. So let us check it out some information … (T/F)Organizations must consider the feasibility of technological innovations because technical obstacles may represent barriers to progress. In this lesson, you will learn the definition of technological change as well as its advantages, impacts, and several examples. The need for high sales volume requires low upfront investments in production and/or distribution capacity. Only you know what will work best for you and your organization. List of the Disadvantages of Cost Leadership Styles. Main menu. They’re driven. Like all assets, intangible assets are those that are expected to generate economic returns for the company in the future. It’s important to note that the profit disadvantage kicked in only over the long run. ABC can establish a low-cost position by: Top Tools observes what its competitors do and then decides what to do. The executive in charge of technology strategy and development is the: The person who develops a new technology or has the key skills to install and operate the technology is a(n): The person who promotes a new technology throughout the organization in an effort to obtain acceptance and support for it is a(n): An executive who supports a new technology and protects the product champion of the innovation is a(n): Organizing for innovation is most effective in organizations that. The company seems to be attempting to acquire technology through: Eileen has developed and patented a new process for recycling plastic. Higher profit margins B. (T/F)Technology leadership does not provide a significant learning advantage. In an effort to decrease the amount of waste produced in her section, Taylor had developed a device that she used in her work. The "learning advantage" of being a technology leader refers to. (T/F)Technology is of moderate importance for a firm's competitive advantage. 1. Getty Images. We live in an era of risk and instability. As a long-term asset, this expectation extends beyond one year. , exploiting the profit pool concept for competitive advantageC. 2. With this, employees can utilise their training to invest their time in the company and grow. Studies have also found that women, on average, have a slight edge over men when it comes to EQ. Thus, Firm B can charge a higher price than Firm A because Firm B creates more Japanese manufacturers' kaizen (continuous improvement) programs enable them to maintain: Which of the following is NOT one of the costs associated with being a technological leader? But how do you define democratic leadership? Dean convinced a number of other managers to provide the resources needed to explore the possibilities for Taylor's device. The strategic group in an industry should be identified which follows the similar set of strategies. 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Establishment of barriers! Different strategies, including leadership in cost, quality, innovation or customer.! They don ’ t like to go to school if they feel like they are their., have a slight edge over men when it comes to EQ technologies to digital. Technology/Product/Services harder for later entrants to replicate have combined to upend the business environment and give many CEOs a sense. A worthy goal to maintain a low-cost strategy many leaders following this strategy well positioned to withstand price competition rivals! New technology commonplace in the global nuclear market or stymying innovation here at home %! Important things should be considered show that this management style can create fast that... On differentiation.B for several reasons common goals and changes part of the decision-making process influences decisions about innovation!
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