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
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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
It seems that the companies, who obtain these technologies, obtain a significant head start in the industry.
Apple was founded on April first, nineteen seventy six and incorporated January first, nineteen seventy seven. It was founded by Ronald Wayne, Steve
Apple Inc. is a software and electronics manufacture that was established in 1976, by Steve Jobs, Steve Wozniak and Ronald Wayne. The first computers the company manufactured were aimed at computer hobbyists, while they worked on making their computer simpler for the non-computer users. They later succeeded in creating the Apple II model which would become one of the most popular computers in the through
On a medium/long terms the company has the opportunity to be the pioneer in developing a innovative product with a positive impact among clients and
Most markets are highly competitive, even if there are only a few organizations offering the product – the competition is for both initial and repeat sales. And of course, all organizations want their “slice of the pie”. With new adventures, however, come large risks. A successful company knows beforehand any issues that might arise so as to best plan how to deal with
During the next stage, maturity, there is intense rivalry for a mature market. Efforts may be limited to attracting a new population, leading to a proliferation of sizes, colors, attachments, and other product variants. Battling to retain the company’s share, each marketer steps up persuasive advertising, opens new channels of distribution, and grants price concessions. Unless new competitors are obstructed by patents or other barriers, entry is easy. Thus, maturity is a period when sales growth slows down and profits peak and then start to decline. Strategy in the maturity stage comprises the following steps: (a) search for new markets and new and varied uses for the product, (b) improvement of product quality through changes in features and style, and (c) new marketing mix perspectives. For the leader firm, Step c may mean introducing an innovative product, fortifying the market through multibrand strategy, or engaging in a price-promotion war against the weaker members of the industry; the nonleader may seek a differential advantage, finding a niche in the market through either product or promotional variables.
Apple Incorporated has come a long way over the years, starting more than 3 decades ago in 1976. Apple was founded by Steve jobs, Steve Wonzniak and Ronald Wayne initially entering a niche market in the production of the first computer, the Apple I, followed by the Apple II in 1978. Apple began its career as a successful company based upon strategic innovation, and they remain that way today, but it wasn’t always sunshine and lollipops, they experienced their fair share of struggles too.
All companies desire to dominate any given market without being outfought or outwitted by rivals. However, the implications of
Market pioneering has some overlap with the other sub-variable pioneering orientation. Covin et al., (2000) state that market pioneering is represented by a specific form of entrepreneurial behavior. This form of behavior is represented by an organization that proactively creates or is a first-mover in a certain product-market field. Companies that actively engage in market pioneering are operating in an entrepreneurial way in a sense that they exploit certain market opportunities and by the fact that they redefine how the competitions have to adjust to the company’s pioneering standards (Covin et al., 2000).
Apple Inc. is a corporation that designs and manufactures computer hardware, software and other consumer electronic products. The company is known for the Macintosh personal computers, iTunes media applications and the iPod personal music players. Apple was founded in April 1976 by Steven Wozniak and Steve Jobs, both college dropouts. In 1976, Wozniak and Jobs created the Apple I computer which did not have a keyboard or power supply for a computer hobbyist club. Later that summer Wozniak started his development of the Apple II, which
Stephen Woziniak and Steve Jobs founded Apple Computer in 1976, which was called the Apple I, then in year 1978 just two years after, Apple II was introduced. More than 10,000 units were sold which relatively was a success, Macintosh (Mac), which dramatically change personal computer. iMac, iBook, iPod, iPad, iPhone, and other come from the lineage of Apple.
technology without moving away from the company's core values. Whilst there are many other competitors in the
The first invention of the cellphone that eventually led to the modern day smartphone was created in 1973. The first cellphone prototype was called the Motorola DynaTAC in 1973. The first cellphone call ever made was from Marty Cooper, who was an employee of Motorola employee at the time. The world’s first smartphone was released by its’ creators, BellSouth and IBM in 1993. Its’ features included mail, fax, address book, calendar,
In this case, I can see that whatever the advantages are, companies should continue improving their skills and strategies to adapt the requirements from customers and market. Like new world wine player, the companies need to focus on research on marketing firstly, and then make distinct policy to various levels of consumers. At the same time, the new entrant has to own their unique way to
Apple Inc. is a multinational corporation that specializes in the production of consumer and business computers, electronics, and software. The company was established on April 1, 1976 by three individuals named Steve Jobs, Steve Wozniak, and Ronald Wayne. It was then incorporated on January 3, 1977 and was initially known as Apple Computer, Inc. for 30 years thereafter, until it was changed to Apple Inc. on January 9, 2007, so as to include a more diverse line of products to the market than just computers, as the former name suggested.