Young, innovative, or high-tech firms often adopt the strategy of ignoring history or attempting to do something radically new. In what ways might this strategy help them? In what ways might this strategy hinder their efforts?
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Young, innovative, or high-tech firms often adopt the strategy of ignoring history or attempting to do something radically new. In what ways might this strategy help them? In what ways might this strategy hinder their efforts?
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- In the midst of this chaos, there are strategic opportunities for those firms positioned to take advantage of the new environment. What might some of those opportunities be?1. Which among the following technologies used in manufacturing is currently being used as the main technology in the production of wine and cheese? a. Advance Industrial Robotics b. Industrial Biotechnology c. Electric Vehicles d. Industrial Internet of Things 2. This involves machines designed to perform industrial tasks automatically, with high programmability and the capacity to interact with their environment. a. Additive manufacturing b. Advanced industrial robotics c. Industrial biotechnology d. Electric Vehicles 3. In our generation, which technological advancement is NOT TRUE? a. Technology has changed the way we interact. b. We have a new generation of home entertainment. c. There are huge improvements in our healthcare and health services. d. Modern transportation technology depends on non-renewable energy.The makers of electronic products, such as smartphones and video games, keep bringing out new, improved versions of their products. How does this affect our use of resources? What inspires people to line up in the middle of the night to buy these products?
- Do we expect to see the demise of the in-house systems analyst as more businesses choose to outsource their system development? Or not?Having a strong strategy in place would assure the organization's success.What are three challenges to sustaining a particular value discipline? What are challenges to sustaining more than one value discipline? Provide an example from your work experiences of a company that has exhibited signs of struggling with these challenges?
- “Competitive advantage derives from how well the company sells its corecompetencies and distinctive capabilities into tightly interlocking activity systems.Companies need to utilise resources (labour, materials, energy, etc.) to gaincompetitive advantage.”With reference to this, critically discuss the different ways that an entrepreneurialventure can gain competitive advantageDemonstrate your understanding on the difference of radical and incremental innovation and in your opinion which one is more effective for new strategy and why?Do you think Harvard Business Review by author Nicholas Carr ('IT Doesn't Matter') in 2003 is still valid today. Does IT provides or doesn't provide strategic advantage for organizations? Make sure to provide examples and evidence of your position.
- When organizations are unable to keep pace with the changes in their environment, this leads to a. Lack of vision b. Strategic Drift c. Competitive advantage d. Unrelated differentiationWhat service industry has impressed you the most with its innovativeness?1- Does every company have a core competence? If not, what are the strategic implications if a company does not have a distinctive core competence? 2- Which is more important in explaining the success and failure of companies in the rapidly changing environment: the ability to improvise or strategise? Why? PLEASE GIVE EXAMPLES