Which of the Following Is NOT True of High-Technology Industries

question 28

Multiple Choice

Which of the following is NOT true of high-technology industries?

• A) First movers have an advantage because their customers avoid switching costs.
• B) First movers have higher pioneering costs than later entrants.
• C) Later entrants can avoid the mistakes made by first movers.
• D) First movers that create a revolutionary product are in a monopoly position.
• E) First movers run the risk of building the wrong resources and capabilities.

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Definitions:

Fiedler's Theory

A contingency leadership model proposed by Fred Fiedler that suggests the effectiveness of a leader is determined by the leader's style of interaction with the group and the favorableness of the situation.

Task-Oriented

Focusing primarily on completing tasks and achieving goals, often with emphasis on efficiency and productivity.

Authority

The legitimate power or right granted to an individual or organization to make decisions, issue commands, and enforce obedience.

Situational Control

The ability to adapt leadership style and strategies according to the specific circumstances, context, or environment to effectively manage and influence outcomes.