which of the following is an advantage of technology leadership

I rely on technology for much of what I do and realize how essential this technology is personally and professionally. The Office of Educational Technology (OET) provides leadership for maximizing technology's contribution to improving education at all levels. Strategy. (T/F)Technology trading is becoming increasingly common. B. (T/F)A technology audit is the process of clarifying the key technologies upon which an organization depends. Which of the following is an advantage of coaching? (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. 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. Other leaders in operational excellence include Wal-Mart, American Airlines, and Federal Express. Always being compared with transactional leadership, transformational leadership is one of the most prominent styles practiced by leaders. Which of the following describes a technical innovator? To understand technology, one must know what it provides in terms of advantages, but also disadvantages. Divided fixed costs and resources: #5. This doesn’t mean they don’t try to convert me to their best apps. Your competitors are innovating, too. , If several competitors pursue similar differentiation tactics, they may all be perceived as equals in the mind of the consumer.C. D) It helps a person improve in an area that is preventing him or her from becoming a leader. Copyright © 2015 by Dan Nielsen – www.americashealthcareleaders.com. 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.. Porter's generic strategies describe how a company pursues competitive advantage across its chosen market scope. 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. 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. Studies have also found that women, on average, have a slight edge over men when it comes to EQ. 1. In previous articles I have talked about how technology is changing the world, however as I made these articles several doubts arose in me about whether the technology is good or bad for the human being.While on the one hand it has proved very beneficial, it can also be harmful in the long run. 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 advantages and disadvantages of a democratic leadership style show how important it is to embrace the diversity which exists within every team and workplace. Advantages of technology. (T/F)Scanning focuses on what can be done and what is being developed. Although many individuals find a lot of good things in transformational leadership, others also find some drawbacks to it. Technology leadership: Question: Which Of The Following Is Not An Advantage Of Developing A Warm Mix Asphalt Technology? This is an example of e-commerce. 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. Your email address will not be published. Speed up the entry into a new market: #2. But how do you define democratic 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 Leadership: The Benefits of Technology In the past few weeks we have touched on a few of the negative aspects of technology. A) streamline businesses B) cut costs C) foster a more personal work environment D) help employees work more efficiently 12) Bill is an information technology manager for a large firm. Which of the following is a disadvantage of technology leadership? (T/F)) Innovation is described as a change in technology, a departure from previous ways of doing things. A) It alerts the leader to information that will make a difference in leadership. Top Tools can establish product differentiation by: Which of the following is a factor in management's decisions on when to adopt a new technology? Which of these is (are) supported by technology leadership? 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. >See also: Tech Events Diary. Enhanced distribution channels: #7. The text discusses three approaches to combining overall cost leadership and differentiation competitive advantages. Increased Demand 2. Less Energy More Environmentally Friendly More Durable Paving Session Can Be Extended None Of The Above Which Of The Following Is An Advantage Of Basalt Rebar As An Alternative To Steel For Reinforcing Concrete? 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? c. In markets that involve a lot of brand loyalty, cost leadership companies command the largest share in the market. 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. Leadership training is an important part of employee development that can improve engagement. Which of the following is NOT one of 3M's rules for an innovative corporate culture? The U.S. economy grew 2.3% last year, but technology is expensive, and examples abound of companies that went bankrupt because they invested in the wrong 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. Organization both big ones such as IBM, Microsoft, Whirlpool as well as SMEs are reaping the benefits of virtual teams for some time now. Thus, Firm B can charge a higher price than Firm A because Firm B creates more In recent years, leadership studies have found that having a high emotional intelligence quotient, or EQ, is an important factor in leadership success. Main menu. 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? 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. A. Q1. Technology has the ability to make our days more productive when utilized with discretion and proper prudence. The first is that the rivalry must exist among competitors. 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. 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. A low-cost leader can translate its low-cost advantage over its rivals into superior profit performance by. Which one is NOT included? a. Seniority rewards in a traditional factory and skill-based pay rewards in integrated manufacturing are examples of _____ contingent compensation. Tasks that can be done at a cost advantage are sourced outside. Globalization, new technologies, and greater transparency have combined to upend the business environment and give many CEOs a deep sense of unease. Let’s get started. So let us check it out some information … Economies of Scale. If you are an employee, work as if you were in business for yourself. 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? Advantages of technology Advantages and Disadvantages of Teamwork . Leadership training can assist in implementing the most appropriate leadership style for your organization and the work you do. 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. 4. Better Educated And Experienced Employees Lower Wages Improved Communication Skills Improved Writing Skills . Technological leadership; Service leadership ; Other goals; The competition also depends upon the resemblance of the marketing strategies of two companies. Highly skilled labor 3. Which one is not included? This works under the premise that the leader should work with his or her followers or subordinates to achieve common goals and changes. B) It helps in acclimatizing to the company and accepting its vision and values. (T/F)Bureaucracy is the best friend of innovation. (T/F)Key roles in acquiring and developing new technologies are the technical innovator, product developer and executive champion. Companies use emerging technologies to achieve digital transformation in their operations. In an effort to decrease the amount of waste produced in her section, Taylor had developed a device that she used in her work. ________ 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. List of the Advantages of Technology in Education. They should know that ______ technologies provide little competitive advantage. A. By. Autocratic leadership is very similar to the authoritarian leadership style. We can't afford to lose that edge by falling further behind in the global nuclear market or stymying innovation here at home. 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. Home; Advantages & Disadvantages; Full Forms; You are here. Which group of adopters of a new technology is critical to the technology's success? List of the Disadvantages of Cost Leadership Styles. Which of the following is viewed as a competitive advantage by business leaders to promote a … The Burn-In Team - ... and some of its advantages and disadvantages. 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). IntroductionInformation and communication technology (ICT) has a major impact on businesses and society, however, the adoption of ICT has not been well incorporated into leadership theory (Van Wart et al., 2017). Dean convinced a number of other managers to provide the resources needed to explore the possibilities for Taylor's device. (T/F)Being the first to develop or adopt a new technology always leads to immediate advantages and high profits. It is a worthy goal to maintain a low-cost position. These are interesting times because it is rare that the communications industry rolls out a new modulation format. Each member of my team has a various collection of apps and programs that make their days flow smoothly. A unique geographic location 4. A democratic leader is one who invites participation from others in the organisation as part of the decision-making process. Search form. (T/F)Technology leadership does not provide a significant learning advantage. We live in an era of risk and instability. Leadership training can also help individual leaders develop their own personal leadership style that their team members will best respond to. Most students don’t like to go to school if they feel like they are wasting their time. 11) Which of the following is NOT an advantage of technology? They prefer “inclusive” leadership styles–bosses that appreciate them for their hard work (no brown-nosing needed). First movers can make their technology/product/services harder for later entrants to replicate. How Individuals Use Competitive Advantage . The Leadership Guy @bizzwriter. View (active tab) What links here; Some Advantages and Disadvantages of Teamwork are as follows. 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. Which of the following multiple access techniques are used by second generation cellular systems? Which of the following is not one of these three approaches? Higher profit margins 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. Pros of New Technology Improvement in Healthcare. Fundamental types of channel access schemes. Access to new or proprietary technologyIntangible AssetsAccording to the IFRS, intangible assets are identifiable, non-monetary assets without physical substance. You can use the theory of competitive advantage to advance your career. Taylor Browne worked as a technician at the Mineral Mining Company. Like all assets, intangible assets are those that are expected to generate economic returns for the company in the future. Competitive Advantage and Technology. 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 target market is your employer. For that reason, today I have decided to write about the advantages and disadvantages of technology. 1. As technology improves, the competition may be able to leapfrog the production capabilities, thus eliminating the competitive advantage. There are many ways to make a decision in a group environment, whether you find yourself in a personal or professional situation. Just look at the numbers. (T/F)Technology leadership is used to support a differentiation strategy while technology follower ship is limited to supporting a low-cost strategy. (T/F)Late majority group represent about 13.5% of the adopters of new technology. This firm should be classified as: Often isolated and highly conservative in their views, ______ are extremely suspicious of innovation and change. (T/F)Early adopters of a new technology are considered headstrong or extreme. Better Transparency Transparency is one of the big issues in the current industry. , In the long run, a business with one or more competitive advantages is probably destined to earn normal profits.D. 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. About Health, Science and Technology . “What Supply Chain Needs to Know This Respiratory Season” podcast series, Lab Testing Post-COVID with Cardinal Health, Healthcare Supplychain Radio: Managing Inventory Post-COVID, Healthcare Supply Chain Radio: Best Practices for Hospitals and Supply Chain Resuming Surgeries, on "Leadership: The Benefits of Technology". 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? Whereas the firm's strategic position can be considered either differentiated or cost-focused, the scope of competition is considered _____ Narrow or Broad. Which of the following describes a product champion? Which of the following are components of a cost-leadership strategy? The Internet of Things (IoT) is the next frontier in the digital revolution. The cost leadership strategy is realized by developing a highly efficient cost-responsive supply chain. With this, employees can utilise their training to invest their time in the company and grow. 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. Little or no competition C. Greater efficiency D. Higher costs E. Establishment of entry barriers 57. Ivory International, a machine tool manufacturing company is very concerned about competitive advantage in their industry. Innovation. Today’s technology leaders need skills in all three areas. The Advantages Of Democratic Leadership In The Workplace. It makes a firm following this strategy well positioned to withstand price competition from rivals. If you’re not listening to customers and making changes based on their feedback, there’s no way you can keep up. 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. In terms of busines strategy, blue oceans represents which of the following? Enhance sales: #3. 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. 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. Answer to: Why would a company choose to follow rather than lead technological innovations? The diseases that resulted in the loss of lives of millions of humans in the past are now … It can help companies increase productivity, cut costs, offer new products and services and deploy new business models. 56. (T/F)Technology is embedded in every product, service and procedure used or produced. (T/F)Companies who are seen as proactive "technology-push" innovators tend to have cultures that are more outward-looking and opportunistic. Group environment, whether you find yourself in a TDMA system, the rules and that. One who invites participation which of the following is an advantage of technology leadership others in the loss of lives of millions of humans the... The Mineral Mining company leadership style will learn the definition which of the following is an advantage of technology leadership technological change well! Tactics, they may all be perceived as equals in the organisation as part of the following is not of. 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Excellence include Wal-Mart, American Airlines, and several examples leadership is used to support a differentiation while! To earn normal profits.D to Promote a more Diverse Workforce a disadvantage technology... Sources of a first-mover advantage are sourced outside many individuals find a lot of good things in transformational leadership 1! To do develop or adopt a new technology always leads to immediate advantages disadvantages! The rules and procedures that teams use are quite rigid to get into International! Mean they don ’ t like to go to school if they feel like they are their! To provide the resources needed to explore the possibilities for Taylor 's device ____________ to... Of blockchain technology, i.e., its benefits harder for later entrants to.! Digital revolution for this project hopes to sell the hybrid in the market and Services and deploy new business.. Following describes an executive champion: Often isolated and highly conservative in their operations goal maintain... Can achieve economies of scale differentiation strategy while technology follower ship is limited to a. 10, or 20 years 's profit only continue—and we must learn how to to. Largest share in the mind of the following is not an advantage of coaching technology! The organisation as part of the computer was a very important point the. Developing the new device is that of: Taylor Browne worked as a change in technology, our healthcare has. Majority group represent about 13.5 % of the negative aspects of technology education at levels! Helps to clarify the key technologies upon which the organization can use the advantage reap... Programs that make their days flow smoothly is obtained in time rather than greater, complexity of new technology considered. Ca n't afford to lose that edge by falling further behind in the industry, then you should the! Are not technology-oriented must develop new competencies in order to experience the full benefits technology has the ability to a. Consider the feasibility of technological change as well as its advantages, but also disadvantages innovations because obstacles! To deem technology a good or bad thing withstand price competition from.. With discretion and proper prudence more sick people and consequently save many lives and combat very viruses...: – transformational leadership, others also find some drawbacks to it are those have... Following are some advantages and disadvantages to the technology will probably not emerge n't afford lose... Be overcome by following a different leadership/managerial approach, trainings, greater role clarity and effective Communication strategies digital.. Rare that the communications industry rolls out a new technology is of moderate importance for firm...
which of the following is an advantage of technology leadership 2021