Is Semiconductor Technology: A Competitive Advantage?
Many people mistakenly believe it is technology which drives innovation. Yet from the definitions above, that is clearly not the case. It is opportunity which defines innovation and technology which enables innovation. Think of the classic "Build a better mousetrap" example taught in most business schools. You might have the technology to build a better mousetrap, but if you have no mice or the old mousetrap works well, there is no opportunity and then the technology to build a better one becomes irrelevant. On the other hand, if you are overrun with mice then the opportunity exists to innovate a product using your technology.
Another example, one with which I am intimately familiar, are consumer electronics startup companies. I 've been associated
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Many companies list a technology as one of their competitive advantages. Is this valid? In some cases yes, but In most cases no.
Technology develops along two paths - an evolutionary path and a revolutionary
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Semiconductor technology is a good example. Not only did it spawn new industries and products, but it spawned other revolutionary technologies - transistor technology, integrated circuit technology, microprocessor technology. All which provide many of the products and services we consume today. But is semiconductor technology a competitive advantage? Looking at the number of semiconductor companies that exist today (with new ones forming every day), I 'd say not. How about microprocessor technology? Again, no. Lots of microprocessor companies out there. How about quad core microprocessor technology? Not as many companies, but you have Intel, AMD, ARM, and a host of companies building custom quad core processors (Apple, Samsung, Qualcomm, etc). So again, not much of a competitive advantage. Competition from competing technologies and easy access to IP mitigates the perceived competitive advantage of any particular technology. Android vs iOS is a good example of how this works. Both operating systems are derivatives of UNIX. Apple used their technology to introduce iOS and gained an early market advantage. However, Google, utilizing their variant of Unix (a competing technology), caught up relatively quickly. The reasons for this lie not in the underlying technology, but in how the products made possible by those technologies were brought to market
Adrienne Lafrance Rhetorical Triangle
584 Words | 3 PagesThis will ensure that the correct audience will read her article. It is also important for a tech-savvy audience that all information on technology is up-to-date, which the author successfully executes by only writing her article only two days after Google explained their Jigsaw expansion of Alphabet. Lafrance knew that the tech-savvy audience would demand an article with all of the history put together — with her added opinion.
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Pest Analysis Of Nordstrom
878 Words | 4 PagesTransportation industry is a good case to illustrate this point. Over the last few years, the industry has been transforming really fast, not even giving chance to the established players to cope with the changes. Taxi industry is now dominated by players like Uber. Car industry is fast moving toward automation led by technology firm such as Google. Nordstrom should not only do technological analysis of the industry but also the speed at which technology disrupts their industry.
Examples Of Technological Advancements In The 1920's
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354 Words | 2 PagesSocial and political factors are the driving force behind successful innovations. Political intervention can help open up new markets, which would otherwise remain unavailable. During the cold war, the United States funded and pushed many innovations in order to ensure its success in the space race. The reason the government spent so much money and put in so much effort was that they wanted to improve the country’s national defense. They were concerned with the Soviet Union’s scientific and technological research so they decided to combat them by increasing funding in R&D.
The Pros And Cons Of Transnational Corporations
999 Words | 4 PagesBeing transnational enables companies to focus more on research and development and allows them to improve products. This is due to the company’s worldwide presence and large profit margins. In 2007, the top 2000 transnational corporations invested about $460 billion into research and development, which corresponds to about 80% of global business expenditure (IRI). Along with this, the corporations contribute greatly to integrating technology. They often serve as examples to smaller, local companies who have not yet had the opportunity to upgrade to new technology.
Explain How Sustainable Is Apple's Competitive Strategy
1841 Words | 8 PagesWhat historically have been Apple’s competitive advantages? Apple Inc. has rare case of building a real sustainable competitive advantage in comparison to other brands. These include brand appeal, and strong customer loyalty (Barney, 1991). Apple has successfully enabled strong customer loyalty through effectively fulfilling their customer needs using their unique designs and product innovations.
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1143 Words | 5 PagesHere is an example of trend of technological development in the industry involved. The biggest trend of all that is developing is cloud computing. The benefits of cloud computing are just endless and it is right now one of the biggest trend of technology development. With cloud computing, it enables companies to share, store and consume resources easier, at a lower cost and with greater flexibility. Not
Global Competitive Advantages Of Apple Inc
1312 Words | 6 PagesACHIEVING GLOBAL COMPETITIVE ADVANTAGE OF APPLE INC. Apple Inc. is an American conglomerate company located in one immeasurable loop, Cupertino, California in the middle of the Silicon Valley. (OPPapers, 2012). Apple is motivated on their designing, developing, innovating new products like the personal computers, other related software products, and the electronic products such as MP3 players and iPods. Apple Inc.’s main products are iMac, iPod, iPhone, iPads and its latest advanced product is iWatch, which is on the edge of creating another revolution after iPhone. Apple Inc. has transformed its image from an inventive computer manufacturer to a fully-fledged consumer 's electronic company.
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975 Words | 4 PagesCompetitive advantage is when two or more firms compete within the same markets, one firm possess a competitive advantage over its rival when it earns (or has potential to earn) a persistently higher rate of profit. There are three types of competitive advantage. a) Cost leadership strategy occurs when a firm a delivers the same services as its rivals but at a lower price. b) The differentiation strategy occurs when a firm delivers greater services for the same price of its rivals. c) Focus strategy is a focused approach requires the firm to concentrate along one specific segment either a cost leadership or a specialization strategy.
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Competitive Advantages Of Mr Price
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929 Words | 4 PagesGrowing customer expectations result in shorter life cycle of products and this means that companies should make their processes more and more flexible adopting modularity and product platforms in order to overcome competitors. Companies who fail to meet dynamic customer needs are doomed to fail. To illustrate this we can consider Tata Motors that designed a car selling at $2500 having identified the need for cheap vehicles and introduced market-pull innovation. Though having some negative feedbacks on its security it is affordable for many families in India.
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