Foundations of Technology Management

2522 WordsMay 7, 201411 Pages
There is little doubt that technological advances have made our lives easier. Thanks to them the world has become a much smaller place. We can now traverse the Oceans in a matter of hours. We can stay up to the minute with current affairs via the expansive news networks available through various media, including the internet. Gone are the days of the home based phone being our only option to communicate (voice) with loved ones and friends. Think of a world without heat in the winter and air conditioners in the summer. It existed believe it or not! A lot of our manual tasks are taken up by machines, which manufacture, assemble and pack the products for them. People are leading longer and healthier lives due to development of vaccines…show more content…
The term disruptive innovation was first introduced by Harvard Professor Clayton Christensen in his book The Innovator’s Dilemma (1997). In his book, Christensen suggests that “successful companies can put too much emphasis on customers' current needs, and fail to adopt new technology or business models that will meet customers' unstated or future needs” (Christensen, 1997). His outlook for companies that fell into this definition was not good. Many consider the term ‘Disruptive Technology’ to be synonymous with Disruptive Innovation. A widely accepted definition of Disruptive Technology is one “that changes the industry in such a way that previous competitive and business rules change” (“An E-Commerce”, 2006). Some examples of Disruptive Technologies are: the Compact Disc (CD), Video Conferencing, Cloud Computing and Software as a Service (SaaS). For my paper I will discuss two technologies, both considered disruptive. The first topic will be Software as a Service (SaaS), a successful Software technology. The Second topic will be the Iomega Zip Drive, a loser in the media storage vertical. A SaaS-sy New Kid on the Block The early roots of Software as a Service (Saas) can be traced to the 1960’s when in a technology called the time sharing system. “In the time-sharing model, several "dumb"
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