According to Porter, in the new economy, technology has become the most important driver of change. List and describe three emerging forces that will affect technology as described by Porter
What will be an ideal response?
1. Digitalization. As technological innovation accelerates, new business models
continue to emerge, disrupting the basis of competition in a market. Traditional printed and recorded media will increasingly be created and circulated in digital format as to the their respective traditional formats.
2. Globalization. Cheaper telecommunications costs and faster transportation logistics make it possible to companies to conduct cross border trade. Market dimension is no longer local but global. An organization could achieve significant considerable competitive advantages if it can reach far-reaching networks of partners for mutual benefits.
3. Deregulation. Under the auspices of the World Trade Organization (WTO), governmental influence on trade has diminished in many industries. Local monopolies are losing their market power. Thanks to IT and a deregulated market, geographically remote firms can impose anytime, anywhere presence, therefore forcing local businesses to revisit their strategy.
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What is a transactional leader? What is a transformational leader? Explain how these terms align with the earlier definitions of manager and leader.
What will be an ideal response?
Answer the following statements true (T) or false (F)
1.Relationships are a kind of communication pipeline as they are the places where communication about only limited topics can occur. 2.By supporting Peter, attending to Peter, and providing Peter with a sense of community, those with whom he shares relationships help Peter preserve his self-esteem and opinions of his self-worth. 3.The amount of intimacy shared with acquaintances differs from the amount of intimacy shared with friends, which is more like the amount of intimacy shared in romantic relationships. 4.When it comes to inclusion and exclusion, very few people know what it feels like to be excluded. 5.At the company picnics for the past several years, Melvin has always been the last person chosen when teams are being assembled for the annual softball game against a neighboring competitor. Melvin is being excluded.
When the cost of lost units must be assigned, and those same units must be included in an equivalent unit schedule, these units are considered
a. normal and discrete. b. normal and continuous. c. abnormal and discrete. d. abnormal and continuous.
The employment selection rate for minorities must be within what % of minorities?
a) sixty b) seventy-five c) eighty d) ninety e) equal to