Competition Is The Driving Factor Of Technological Innovations

Competition is prevalent in various aspects of life, including sports, school, and jobs. Everyone at some point in their lifetime will have to compete against others in order to achieve a goal or earn a prize. It’s how the world has worked for a long time; it’s survival of the fittest and this minor competition between everyone is how we have continuously gotten smarter, faster, and stronger. Competition is necessary to a certain degree, but how much is too much? It’s definitely not a bad thing, and as long as there’s a healthy amount, it can be beneficial because it fosters self-improvement, and it will push people to go all out and try their absolute best.

* Its so-called innovative or revolutionary products do not gain the company as much credits as Samsung or Apple does. The market will test its ability to

- The Threat of Substitutes is high, since mobile product-life cycles are short. For example, Motorola is currently

Technology is machinery or devices which is made or developed from scientific knowledge it is something that we use in our everyday lives. In this essay, there will be information about the pop culture of technology during different time periods ranging from the years 1945 all the way to 2010. Each paragraph will talk about what was popular in different time periods and what influences those things as well as explain the positives and negatives during each periods.

The technological revolution spanned many decades, but for the scope of this paper will be limited to the 1990s through the

Another competing business or company, business B, will come along and provide a better way that will make consumers go to them instead of business A. Business A will have to come up with a better business strategy to out beat the competition and bring back the customers it lost and others and so on goes the cycle. This is what the CEO of Whole Foods means by the phrase “no business stays on top of its niche forever.” Another example will be Apple’s iPhones and keyboard phones. Apple used to be only a music, electronic company (iPod and iMac), and it sought out the phone business, which was dominated by Blackberry, LG, Samsung, etc. It was the first phone to not include a keyboard, everything was on a touch screen, and had internet access with music. It was thought to be a failure since it was very different but it proved to be the opposite. It became very popular with consumers and soon after many phone companies began to change their phones into touch screen phones. So far many companies have tried to be on top of Apple but have failed. Does this mean Apple is lucky and won’t go through what the CEO of Whom Food stated? I believe it will soon have a tough competitor in the near future (5 years from now) that will come along with interesting features that Apple’s iPhones don’t have. Meaning that some people will leave Apple’s iPhones and go with the next big thing whatever it

Because we started out strong with creative and innovative designs in the mobile market, there was a chance we could have kept our dominant design. However, we lacked management of technological innovation because we did not keep up with the technological cycle by “birthing” new technology. We needed an innovation stream to protect our company from competitors. Instead, technological discontinuity came into play; discontinuous change overtook us with design competition and our dominant design fell behind. We fell into a technological lockout when companies like apple advanced their technology to touch screens and Google used speech-to-text features. We kept using our trackballs and keyboards. Incremental change only kept feeding our competitors improvement while we lagged.

Businesses continually adapt to a changing environment to maintain their market position (Appelbaum, Habashy, Malo, & Shafiq, 2012; Biedenbacha & Soumlderholma, 2008). Change is inevitable considering the current rate of technological advancement and the growth in global competition (Appelbaum et al., 2012; Armenakis & Harris, 2009; By, 2007). Increasing competition and the need for strategic flexibility and globalization is affecting almost every organization today, regardless of size, market, focus, and so on (Jaros, 2010).

Innovation and R&D spending are signals of rivals’ competitive position. The key competitors in the Smartphone industry as of 2007 were RIM, Palm, Sony Ericsson, Nokia, Motorola, and Apple. Each company holds a patent on its own operating system (OS) or a system based on Microsoft’s Window Mobile OS. Safe and secure voice and data transmission is critical to building a good reputation among consumers. The appearance, design and

In the opinion of Baumol and Blinder (2011, p. 235), "monopolistic competition is a market structure characterized by many small firms selling somewhat different products." The authors in this case further note that the output of each entity is small in comparison to the market's aggregate output of competing but closely related products. With that in mind, the mobile phone market exhibits some key characteristics of monopolistic competition. In this market, customers in need of mobile phones are presented with a wide range of options to choose from. For instance, a customer who enters a mobile phone handset shop has the option of purchasing a Motorola, Nokia, Samsung, Blackberry or even an LG handset. All these products despite being closely related are also largely differentiated. As Tucker (2010, p. 268) notes, "the key feature of

Jill Lepore criticizes Clayton M. Christensen’s “The Innovator’s Dilemma” (originally published in 1997) via The New Yorker among other sources in “The Disruption Machine: What the gospel of innovation gets wrong.”

The market is never static and the preferences of the customers keep changing. In this case the executives at Apple must always ensure that the needs of the clients are effectively addressed at all times. In the same way, the industry has become very competitive in the recent past and the organization has to find ways and means of staying ahead of its competitors. In this case, innovation plays a major role in ensuring that new products are constantly produced by the organization.

First part is describing us a title, where the neediness of appropriate marketing is described. Also here is shown some problems which companies may face, such as insufficient customers engagement, because as all human beings are quickly getting used to a particular product, and they are very hard to convince to use alternative one. In the “evolution” part Authors shows us how the technological progress

Technology place a lot of challenges for the marketers, it affects the type of product that a marketer can propose; technology have changed products like typewriting machines into a more capable and proficient keyboard in computer systems. No one can stop the expansion and progress of technology, but one can adopt and learn from these

In 2014 both Apple and Samsung sold a combined total of about 108.2 million units of their products! Samsung sold about 71 million units while on the other hand Apple sold 94.75 million units. For the past few years, the competing and comparison between Apple and Samsung was at its maximum. Fights started between people to prove an idea about which company is the best but they did not know that they were only comparing their smartphone. That is not the only thing a person should concentrate at while comparing two of the biggest multinationals in the world. People should look at the sales of all of the company’s products, their profits and losses, the history of the company, and the reviews of the people about their