Discuss technological leadership and followership
Answers
Answer:
Technological leadership is where a firm seeks to be the first to introduce a technological change in the industry.
Technological follower-ship is where a firm seeks not to be the first to acquire an innovated idea or to innovate an idea .
Technology is the tangible process of converting an input to an output.
Technological leadership can be of importance since it acquires the identity and attention of being the innovative company,thus it may get many returns due to the advantages of being the first to market.
Technological followers may be of importance since the technological followers are going to avoid falling into mistakes done by the technological leaders ,thus being able to establish a low cost position.They also learn from the technological leaders thus they're able to imitate their strengths and avoid their weaknesses.
Technology leaders also occupy high niches and act as a barrier to other entries interested in the innovation.
Technology leadership also helps them to learn ahead of competition from other technological innovations yet to be done.
However,the technological followers have the technological leaders as the moving target,thus it would be hard to reach near them.
Answer: Technological leadership means boosting the leadership of industry through research, technological development and doing innovation in the industry and enable it. For example suppose their are number of engineers in the industry and there will be one head engineer of all engineers this is called technological leadership.
Followership is a learning or actions that someone learns by working under someone. It can also be called as a skilled that person learn to be a future leader.
Example- A person is having training of starting any business in future.