Exam 3: The Technological Environment

How does Porter use the concept of the 'value chain' to show the importance and impact of technology in developing the competitive advantage of a firm? Explain, with examples, how information technology has played such a large role in the most recent rapid rise in economic growth rates across the world.

Which of the following are seen as being potential problems of technological advances? Please select all that apply.

It is always better for a business to be a 'first mover' in the invention and adoption of a new technology.

Which of the following people are most sceptical of the idea that the ICT revolution has had the most dramatic effect in terms of boosting productivity compared to previous eras?

What did Schumpeter mean by the term 'creative destruction'?

Technological change contributes to economic growth.

Technological change is always initially the result of human ability to have the genius to invent new products.

To what extent is it inevitable that the development of ICT and AI will lead to technological unemployment?

What role does technology play in business in general and in terms of shaping business strategy in particular?

Technology is important because: (Please select all that apply.)

It is inevitable that the rise of ICT and AI in the future will lead to large levels of unemployment.

What role has technological change played in shaping the nature of the grocery markets in developed countries? Assess the costs and benefits of these changes.

The term 'basic research' is used to describe investment in improving the basic skills of a population first to raise literacy and numeracy levels.

A major feature of the technological debate in the twenty-first century will be the extent to which technological change can occur without leading to increased inequality and unemployment.

Choose one of the following businesses: Apple, Google, Facebook, or Amazon. Outline the main features of the technological environment which have shaped the business strategy of your chosen business and discuss any potential threats to their future growth.

What is meant by the term 'a rise in productivity'?

In the value chain as outlined by Michael Porter, which of the following functions are within the horizontal functions of a business? Please select all that apply.

The IT productivity paradox is:

What is meant by the term 'spillover effects' in relation to investment in technological research and the role of the state?

What is the 'IT productivity paradox'? Evaluate the relative arguments between the technology pessimists and optimists.