Technology improvement and diffusion exhibit s-shaped curves

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1. What are some of the reasons that established firms might resist the adoption of a new technology?

2. Are well-established firms or new entrants more likely to a) develop and/or b) adopt new technologies? What are some reasons for your choice?

3. Think of an example of an innovation you have studied at work or school. How would you characterize it on the dimensions described at the beginning of the chapter?

4. What are some of the reasons that both technology improvement and technology diffusion exhibit s-shaped curves?

5. Why do technologies often improve faster than customer requirements? What are the advantages and disadvantages to a firm of developing a technology beyond the current state of market needs?

6. Are there some industries in which you would expect to see particularly short technology cycles? Are their some industries in which you would expect to see particularly long technology cycles? What might be some of the factors that influence the length of technology cycles in an industry?

Reference no: EM131691389

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