Discuss your understanding of the phrase “technology should serve strategic goals.”
What will be an ideal response?
The increasing competition by organizations to improve their profitability has often led to the conclusion that new technology will solve these issues, but the reality is more complex than that. Organizations that are most successful are those that are able to leverage technology that most closely links to a strong business strategy.
Feeling increasing pressure to remain competitive and survive has led to companies that are adopting technology to carefully diagnose what strategic goals the adoption of technology could support. Even the most sophisticated software is rendered powerless without a solid business strategy behind it. As we consider the changes in workforce technologies, it is important to keep in mind that how effectively organizations are able to harness the power of these new technologies will depend on how well they link it to their HR strategy.
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When there is an ethical conflict, the management accountant should resign if the immediate supervisor is involved with the conflict
Indicate whether the statement is true or false
You plan to go to Asia to visit friends in three years. The trip is expected to cost a total of $10,000 at
that time. Your parents have deposited $5,000 for you in a Certificate of Deposit paying 6% interest annually, maturing three years from now. Uncle Lee has agreed to pay for all remaining expenses. If you are going to put Uncle Lee's gift in an investment earning 10% over the next three years, how much must he deposit today, so you can visit your friends three years from today? A) $5,801 B) $3,757 C) $3,039 D) $3,345
A tire manufacturer currently produces tires in small quantities as they are ordered. The company learns that it can reduce costs significantly by producing one type of tire at a time in large quantities and storing its unsold tires for later sale. Should the company switch to large quantity production?
A. Yes, because this will help the company in achieving economies of scale in production. B. No, because this will prevent the company from providing tires as they are ordered. C. No, because this will cause the company to incur unexpected transportation costs. D. Yes, because this will allow the company to utilize JIT delivery systems. E. No, because this will not enable the company to improve its production speed per tire.
The RBI Screen is useful when screening ideas. RBI stands for:
A. Relatively Bright Idea B. Resources Bring Ideas C. Randy Bruton's Idea D. Really Big Idea