A. By. 11) Which of the following is NOT an advantage of technology? Primary tabs. It’s important to note that the profit disadvantage kicked in only over the long run. Taylor's role in developing the new device is that of: Which of the following describes an executive champion? 5. >See also: Tech Events Diary. 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. I rely on technology for much of what I do and realize how essential this technology is personally and professionally. Leadership training can also help individual leaders develop their own personal leadership style that their team members will best respond to. 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. Search form. With this, employees can utilise their training to invest their time in the company and grow. Many leaders following this style will find ways where money can be saved from the current budget. Manufacturing avoids waste, error, and the use of unnecessary assets. 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. Which one is NOT included? The process of clarifying the key technologies upon which an organization depends is called a(n): Technologies still under development that significantly alter the rules of competition in the more distant future would include all but one of the following. The Advantages Of Democratic Leadership In The Workplace. The goal of strategic technology management is to contribute to the value of the enterprise by helping assure that the cash flow on which this value depends will be sustained and will continue to grow. Which of the following is NOT a consideration that influences decisions about technology innovation? Maintaining this edge gives our country significant economic clout and national security leverage. It will not be possible for small companies to achieve cost leadership with economies of scale. Question: Which Of The Following Is Viewed As A Competitive Advantage By Business Leaders To Promote A More Diverse Workforce? Strategy. Grow 3 Unique Advantages of Introverted Leaders (Backed Up by Science) Being the best talker doesn't always mean having the best ideas. This works under the premise that the leader should work with his or her followers or subordinates to achieve common goals and changes. This is called ________ leadership. There are advantages and disadvantages to every advancement made, so it is impossible to deem technology a good or bad thing. Emotional Intelligence Is a Competitive Advantage. The cost leadership strategy is realized by developing a highly efficient cost-responsive supply chain. Search . ______ tells whether there is a good financial incentive for "pulling off" a technological innovation. Since 1980 the volatility of business operating margins, largely static since the 1950s, has more than doubled, as has the size of the gap between winners (companies with high operating margins) and losers (those with low ones). The technological revolution will only continue—and we must learn how to adapt to all of this new technology. Which of the following is an advantage of technology leadership? (T/F)Technology trading is becoming increasingly common. A low-cost leader can translate its low-cost advantage over its rivals into superior profit performance by. The organization can use the advantage to reap greater profits than competitors or attract more customers by charging lower prices. Which of the following is an advantage of coaching? Little or no competition C. Greater efficiency D. Higher costs E. … They should know that ______ technologies provide little competitive advantage. Advantages of a strategic alliance #1. 2. They prefer “inclusive” leadership styles–bosses that appreciate them for their hard work (no brown-nosing needed). One of the most popular methods to use is the group decision-making method. Which of the following describes a product champion? 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)Benchmarking is the process of comparing the organization's use of technology over time. D) It helps a person improve in an area that is preventing him or her from becoming a leader. 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. 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. Technologies that are commonplace in an industry are measured as: Which of these is the process of comparing an organization's practices and technologies with those of other companies? (T/F)Being the first to develop or adopt a new technology always leads to immediate advantages and high profits. Home; Advantages & Disadvantages; Full Forms; You are here. It will help you learn about the upcoming changes if your business is currently getting blockchain or plan to implement blockchain in the future. 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. (T/F)New technology can only come from scientists and product developers working in R&D laboratories. Studies have also found that women, on average, have a slight edge over men when it comes to EQ. So let us check it out some information … There are several leadership styles, all with their own advantages and disadvantages. Enhance sales: #3. 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. 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. Disadvantages of Technology in Nursing. Leadership is the art of motivating a group of people to act toward achieving a common goal. ________ 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. Dean's role in developing the new device is that of: Taylor Browne worked as a technician at the Mineral Mining Company. Copyright © 2015 by Dan Nielsen – www.americashealthcareleaders.com. Pros of New Technology Improvement in Healthcare. Your email address will not be published. (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. Other leaders in operational excellence include Wal-Mart, American Airlines, and Federal Express. 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. In this type of leadership, the rules and procedures that teams use are quite rigid. For this purpose two important things should be considered. How has technology changed your life in the last 5, 10, or 20 years? In terms of busines strategy, blue oceans represents which of the following? About Health, Science and Technology . 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. The strategic group in an industry should be identified which follows the similar set of strategies. The question an organization asks itself about whether to acquire new technology from an outside source or develop it itself is known as a(n): If technology is not available and a company lacks the resources or time to develop it internally, it may choose to contract the development with: In most situations, the simplest, easiest and most cost-effective way to acquire new technology is to: An advantage to developing technology within your own company includes: It was recently announced that the state university had agreed to develop (or try to develop) a new hybrid seed for northern climates. 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. 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. The Internet of Things (IoT) is the next frontier in the digital revolution. In recent years, leadership studies have found that having a high emotional intelligence quotient, or EQ, is an important factor in leadership success. An advantage of technology leadership would include all but one of the following. (T/F)Firms that are not technology-oriented must develop new competencies in order to survive. 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. 1. ____________ helps to clarify the key technologies upon which the organization depends. 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. , If several competitors pursue similar differentiation tactics, they may all be perceived as equals in the mind of the consumer.C. Thus, Firm B can charge a higher price than Firm A because Firm B creates more It is a worthy goal to maintain a low-cost position. Easy to get into the international market: #8. Increased Demand 2. To understand technology, one must know what it provides in terms of advantages, but also disadvantages. But how do you define democratic leadership? (T/F)Technology leadership is used to support a differentiation strategy while technology follower ship is limited to supporting a low-cost strategy. Main menu. 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. (T/F)Bureaucracy is the best friend of innovation. 1. They’re driven. (T/F)Late majority group represent about 13.5% of the adopters of new technology. Lowest costs in the industry. Access to natural resources that are restricted to competitors 2. (T/F)Early adopters of a new technology are considered headstrong or extreme. This doesn’t mean they don’t try to convert me to their best apps. We can't afford to lose that edge by falling further behind in the global nuclear market or stymying innovation here at home. Technology Leadership. Which one is NOT included? 56. 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 I was told about the benefits of Evernote for months! 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. (T/F)Scanning focuses on what can be done and what is being developed. 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. 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