The global industry has come far from when it started. Today in an era of extreme globalization, cutting edge hardware and software and devices to keep you abreast with every square inch of the world means that there is no place for businesses and organizations to sit idle and not keep themselves equipped with the latest hardware and software…
Even if there were some computers in an organization, it was only with the most senior employees or in research departments. Now though, things have moved on. The development of the internet by the US Army and its public release in the 1980s has created quite a phenomenal change in information technology (Moschella, 1997). Internet forms the very backbone of our society today. New generations fear thinking how we managed to get stuff done when we didn't have this much technology in our lives.
Technology leadership goes far beyond the conventional planning processes. It is about the change it can bring about in the very foundations of running the company and the ways and means with which it is run. It creates a whole new way of defining efficiency and goal achievement strategies (Sosik, 2004). This means that the role of the executive director is vital in the deployment of technology. So, technology can not be a success in an origination if employees are not comfortable with it or they do not know the huge benefits of it.
We continuously study optimization strategies and efficient working conditions in almost every course, be it related to science or the business fields. This is because computers and technology have helped humans today see that they can get more work done in lesser time. The absolute importance of technology is that an organization accomplish in getting much more work done in a small amount of time and the output is error free as well. Technology today is not even expensive to buy. Many small business organizations are still running on vintage hardware and still are way in the lead because their staff know how get the best out of what has been provided to them.
Companies like Microsoft and Linux developers research and develop operating systems with software that is not only easier to use than their previous editions, but which can accomplish more at the same time. We are talking about multitasking. Imagine for a moment, the importance of doing several time consuming tasks at the same time. It takes accountants and engineers hours to develop circuits on paper. But, using computer software, they can produce error free results in a matter of a few minutes.
Consumer goods companies like Unilever and Procter & Gamble replace their hardware after every three years just to cope up with the increasing change in computing technology. They know the importance of technology in their goal achievement techniques. This fact is also helped by the fact that each CEO of the company is fluent and comfortable with the use of technology and in annual board meetings they are able to convince the board members, who can actually make or break the company if they disagree with technological innovations, on deploying better and more efficient technology and train employees in the area of using this new technology.
Use of technologies in banks like Standard Chartered is vital. The prime example of this is an ATM machine. How easy is it to take your cash out of a machine rather than stand in queues waiting for your turn at the counter
Technology leadership is the quality most required in today's top companies. This is the reason they are at ...
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It therefore represents the best attempt that the management can make at de?ning and securing the future of that business” (Oxford University Press, n.d., p.1). Each of the businesses should have their own business strategies to survive the competition and compete over its competitors.
For example, globalization has produced revolutionary changes in the domestic and cross border business activities. The importance of business processing and customer processing has been understood by the organizations more than ever under the current globalized business environment.
When deployed intelligently, technology can endow a company with benefits that would allow it redefine competition and make significant improvements in productivity. The pace of innovation in the technological environment is transforming the way companies operate with new business models relying, on technology, to integrate servicing, global product development, and supply and customer chains.
Comparing previous and contemporary definitions of strategy will help clearly distinguish how the concept of strategy has changed over a period of time. One of the early definitions of strategy was given by Chandler (1962) as strategy is “the pattern of objectives, purposes, or goals and major policies and plans for achieving these goals, stated in such a way as to define what business the company is in or is to be in and the kind of company it is or is to be”.
The case study highlights the operation of Honda in the Japanese market; hence a thorough analysis of the external business environment of Japan in the context of Automobile industry will be carried out. Political Factors: - Japan is a constitutional monarchy and follows a parliamentary government (Cubbage and Brooks, 2012).
However, the four leaders share the trait of leadership where eighteen members under them respect them, trust them, and look to them for guidance. Part one of the Be Prepared to Lead video, demonstrates the techniques for classifying leadership styles into one of four categories namely Delegation, Influence, corroboration and Direction (Be prepared to lead).
Therefore developing a flexible, organic organization where employees are empowered and professional includes examining what kinds of leadership and management strategies will develop changes and set innovative goals with reachable and rewarding challenges implemented by the vision of change.
The two fundamental basic types combines with the latitude of activities by which the company seeks to achieve. There are three generic stratagems for achieving the above average performance within the industry; the cost leadership,
These initiatives may also be in the form of empirical learning that presents top executives with new challenges to conquer (Collins et al. 2011).
Whereas leaders inspire and motivate other employees, managers are involved in planning, organizing, and
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