Question

true or false?

21. Enterprise Resource Management Networks provide firm-wide integration, automating business processes and eliminating complex links between departments and processes. 22. One of the best ways for a company to increase its strategic effectiveness is to throw technology at its most pressing problems. 23. To be succeed with its strategy, a business should always play the game according to the rules the market leader has set. 24. The Paradox of Success refers to a leading company in a given industry being unable to adapt to the introduction of a new technology.

Answer 1

2.1 False: ERM software just helps in controlling access to resources in the organization

2.2 False: Not all problems are technology problems and throwing technology on business problems before them leads to higher friction in fixing the problem later

2.3 False: One cannot always be successful by being a follower. Sometimes break-through innovations give more success

2.4 True: paradox of success is a phenomenon that arises when self efficacy in successful companies increases and they become so overtly self-reliant that they miss out on blind spots