Principles of Management
OER 2019 Edition
ISBN: 9780998625768
Author: OpenStax
Publisher: OpenStax College
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Textbook Question
Chapter 18, Problem 7CRQ
How does a firm determine the type of external process for developing/acquiring technology it should pursue?
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What is your definition of technology?
Write a report analyzing potential business ramifications of an emerging technology. The report may also include the potential ethical, societal, political, cultural, legal, and other ramifications of the technology it most ties into how it could impact business/industry.
It is important that you consider both technical implications and business advantages before making a final decision. Make linkages to current technology and be specific. Is it beneficial to the task if you have worked on or seen similar instances or situations?
Chapter 18 Solutions
Principles of Management
Ch. 18.1 - How do companies benefit from participating in an...Ch. 18.1 - What impact does electronic trading have on the...Ch. 18.1 - How are management of technology and management of...Ch. 18.1 - How can firms create value through good management...Ch. 18.1 - How has Acer managed its technology and innovation...Ch. 18.2 - How do managers develop technology and innovation?Ch. 18.2 - What are the advantages and disadvantages of each...Ch. 18.3 - Look at the Acer case at the beginning of the...Ch. 18.3 - Look at the Acer case at the beginning of the...Ch. 18.4 - How is Guidance Software responding to and helping...
Ch. 18.4 - What other types of forensics software do you...Ch. 18.4 - What are the benefits and risks of Guidance...Ch. 18.4 - Look at the Acer case at the beginning of the...Ch. 18.4 - What goals did they accomplish?Ch. 18.5 - In the beginning, Acer was very entrepreneurial....Ch. 18.6 - What is organizational learning?Ch. 18.6 - What are the differences between leadership and...Ch. 18.6 - What forecasting techniques are used in the...Ch. 18.7 - How do you keep up with a constantly evolving...Ch. 18 - How do we define technology and innovation, and...Ch. 18 - What are the four areas that need to be managed by...Ch. 18 - What are the five Cs of managing innovation, and...Ch. 18 - How does an organization enhance its agility? When...Ch. 18 - Compare and contrast the advantages and...Ch. 18 - What circumstances indicate a firm should consider...Ch. 18 - How does a firm determine the type of external...Ch. 18 - What are the benefits of using internal sources...Ch. 18 - How does an entrepreneurial firm identify and...Ch. 18 - How does knowledge management impact the...Ch. 18 - Followship is critical to MTl—how does the...Ch. 18 - How does the management of technology and...Ch. 18 - What factors contributed to Novartiss invoice...Ch. 18 - How did IT help the company solve that problem?Ch. 18 - What other uses and functions does Input Accel...
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- What circumstances indicate a firm should consider an external process for developing/acquiring technology?arrow_forwardWhat are the benefits of using internal sources for developing new technologies, products, and/or processes? What are the potential disadvantages?arrow_forwardWhat are the four areas that need to be managed by the firm if it is going to take advantage of the technology it has and the technology it needs to create?arrow_forward
- Discuss the role of technology strategy at the corporate level. What steps would you take while formulating a variable technology strategy for a business firm?arrow_forwardIf management of a firm want to enhance or buy new technology in the future, are there any factors that need to be taken into consideration first?arrow_forwardCompare and contrast the advantages and disadvantages of the three approaches for technology and innovation development.arrow_forward
- Assume that the incorporation of innovative concepts is a necessary step in the production of cutting-edge technological advances.arrow_forwardWhen it comes to technology, are there more advantages than drawbacks?arrow_forwardGive me 1 article link on Pros & Cons of Technology (can be career specific, business, or life). Write a 4 sentence summary of the article (telling what the article was about, key takeaway of the article, something new you learned or something you want to learn more about. 1 article link on How different generations view technology. Write a summary of each article (4-5 sentences telling us what the article is about, key takeaway of the article, something new you learned or something you want to learn more about.arrow_forward
- Analyze the business models of existing firms in the "tech domain" to identify how high-tech start-ups may profit from collaborative open innovation?arrow_forwardExamining the business models of already-established enterprises that operate in the "tech domain" is crucial for determining how startups in the high-tech industry could profit from open innovation collaborations.arrow_forwardHow does outsourcing of website development impact the cost-effectiveness of a business compared to in-house development?arrow_forward
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