Q:

What are the advantages and disadvantages of specialization?

A:

The primary advantage of specialization is that a business or worker can build a reputation for expertise in a given area. A major drawback is that specialization limits opportunities to develop in other areas, which is challenging when demand for the specialization wanes.

A company that specializes often attracts customers who want the best of a given solution, but the lack of diversification creates a greater propensity for up-and-down earnings. A worker who specializes may earn more money based on that specialization, but that worker may face a layoff when the area of specialization is less important to an employer.


Is this answer helpful?

Similar Questions

  • Q:

    What are some advantages of science and technology?

    A:

    Some advantages of science and technology include improved transportation and communication, quality health care, easier methods of conducting business, and improved learning capabilities. The increased convenience of travel and improved levels of health care that have resulted from investments in science and technology have had a significant impact on society.

    Full Answer >
    Filed Under:
  • Q:

    What are the advantages and disadvantages of job specialization?

    A:

    Some advantages of job specialization include expertise, efficient performance and higher pay, but some disadvantages include job boredom and the inability to do other types of work. When a student decides to specialize in a certain area, they can focus on a specific career early in life and ascend the ranks. Adults who become skilled in one area are often respected in society.

    Full Answer >
    Filed Under:
  • Q:

    What are some advantages and disadvantages of electronic media?

    A:

    Electronic media can report on news stories much faster than established media organizations, but they may not have the resources to verify their stories and can contribute to the spread of misinformation. Social media allows citizen reporters to spread news as it happens, but a single piece of mistaken reporting can spread across the globe with amazing speed.

    Full Answer >
    Filed Under:
  • Q:

    What are the advantages and disadvantages of censorship?

    A:

    Censorship is the control of information through the suppression of media outlets, including books, television, news publications and other media of information. Perceived advantages are subjective and can range from political control to the reinforcement of religious values and ideals. Disadvantages include violations of individual rights, limiting education and restricting business growth, according to Ashley Poland of Chron. What one sees as an advantage, another may see as a disadvantage.

    Full Answer >
    Filed Under:

Explore