Organization both big ones such as IBM, Microsoft, Whirlpool as well as SMEs are reaping the benefits of virtual teams for some time now. Autocratic leaders decide everything themselves without worrying about what subordinates think or want. The text discusses three approaches to combining overall cost leadership and differentiation competitive advantages. Following are a few of the cost leadership strategies: 1. B)The infrastructure cost is low because the product is new. It should become simpler and more widely approved in future with the fast development of technology. It will not be possible for small companies to achieve cost leadership with economies of scale. 166) Which of the following is NOT a characteristics of transformational leadership? D)There is no need to develop complementary products. Man no longer needs to think. The Civil War was the first war to be documented through the lens of a camera. Technology generally makes life less demanding. When working in a small group, there can be a leadership … In previous articles I have talked about how technology is changing the world, however as I made these articles several doubts arose in me about whether the technology is good or bad for the human being.While on the one hand it has proved very beneficial, it can also be harmful in the long run. As the name suggests producing more products will reduce the per-unit cost. 1. However, the era’s photographic process was far too elaborate for candid pictures. The disadvantages of leadership of this kind include employee resentment, paralysis when the boss is unavailable and limited creativity since only one person provides ideas. It produces consistent results in small-group situations. A)There is little risk involved. Which of the following is not one of these three approaches? As with any leadership style, those practicing the authoritarian leadership style bring a series of advantages and disadvantages worth considering. List of the Advantages of Authoritarian Leadership. Which of the following is an advantage of technology leadership? Even if the calculator is a good invention, man no longer makes mental calculation and no longer works his memory. Mechanisms leading to first-mover advantages. Companies with high volume businesses can achieve economies of scale. Technology leadership. C)There is little or no competition. First movers can make their technology/product/services harder for later entrants to replicate. Economies of Scale. Disadvantages and risks of technology. All these disadvantages can be overcome by following a different leadership/managerial approach, trainings, greater role clarity and effective communication strategies. After going through the telemedicine advantages and disadvantages, it is now clear to us that telemedicine, being a new concept, is developing at a rapid rate. E)The market development cost is low. This makes decisions and planning quick and simple. 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