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Success And Failure Of Technology Pioneers And Early Technology Market Leaders

Satisfactory Essays

First in, First to Fail?
Success and Failure of Technology Pioneers and Early Technology Market Leaders

To pioneer or follow is a fundamental consideration in a new venture entry strategy. If an opportunity exists ,is it best to ensure that you are first on market, or is performance sometimes enhanced through waiting and following? Bringing innovative products on market means ideology. Ideologies can be the key to success but they also might be the opposite, therefore ideologies could be a huge risk. In order to gain success, a company has to take good evaluated exposure. Although, being first on market – being a pioneer - with an innovative product will not guarantee long-term success, as other companies will see the product and will …show more content…

Being pioneer will most likely make you an early market leader but remaining leader for a long-term that is up to the pioneer’s firm quality.

Apple Computer. was founded on January 3, 1997 by Steve Jobs, Ronald Wayne and Steve Wozniak. Later on 2007 company’s name was to changed to Apple Inc. Apple, is an example of a pioneer firm which introduced smart phones on market. They had incredible success, making them market leaders on their product category. By making great advertisement, continuously upgrading their product, offering support for their customers and combining design with quality they remained no.1 leader on market.

Nokia Corporation was founded on 12 May, 1865 by Frederik Idestam and Leo Mechelin. The firm was working on different telecommunication devices. On April 3, 1973 the first call was made by a Nokia phone. This phone weighted around 1.1 kg. With this device you could talk ~ 30 minutes, but it took 10 hours to fully charge. With this phone Nokia launches as a pioneer firm .Unfortunately, 10 years later Motorola release their first mobile phone known as DynaTAC8000x which was way better. The fight between these two firms continued for years, eventually Nokia loses the leadership as the competition was too big.

The first laptop that was available to the public was the Osborne1 made by The Osbourne Computer Corporation. It was released in 1981. It was designed without a battery. The battery was

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