Obsolescence And Technological Change
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The document discusses the concepts of invention, innovation, diffusion, obsolescence, and how technological change affects obsolescence. It notes that invention creates new technologies which are then continuously improved through innovation. New technologies diffuse through societies as innovations increase their success rate over time. However, the introduction of newer, improved technologies will make older ones obsolete. As a result, consumers are constantly seeking the latest technologies, which are often considered obsolete just a few years after their initial release due to rapid technological advancement.
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The natural and technological environments present opportunities for development, while economic, social, political, and government factors enable development. Innovation provides competitive advantages and determines success or failure. There are several common reasons for new product failures, including unappealing designs, redundant offerings, excessive competitiveness, ignorance of market conditions, poor technology, and high prices. Advances in information and communications technology are revolutionizing marketing and business operations through tools like the internet, websites, and digital networks that change how companies connect with customers and manage orders, production, and partnerships. Technology transfer involves communicating relevant knowledge from one entity to another and can occur at operational, duplicative, adaptive, or innovative levels that range from basic manufacturing to independent research and development.
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Obsolescence And Technological Change
- 1. Obsolescence and Technological Change
- 2. Invention Creation of something new Technologies are constantly being created at an increasing rate to help improve our lives. The desire to make life easier or to make life better is what drives us to invent. http://mrtuneup.com/web_images/1910_automobile.bmp
- 3. Innovation Continuous process of improvement Quality Price http://www.w3.org/2005/Talks/1111-maxf-delhi/telephone.jpg http://nexus404.com/Blog/2008/04/06/new-lg-black-label-cell-phone-lg-promises-the-worlds-thinnest-5mp-camera-phone/
- 4. Diffusion Spread of a technology through a society or industry New technologies usually start out being unsuccessful, followed by a period of success as innovations take place, followed then by a leveling out as the technology reaches its maximum potential in a market. http://www.iowalibrarian.com/Managing%20Change%20When%20Technology%20Changes_files/image004.jpg
- 5. Obsolescence When a new invention or innovation is brought into the market some technology or technologies become obsolete and eventually get replaced by the new, improved technology.
- 6. Conclusion We live in an age where technology is constantly changing and becoming obsolete and as a consumer we are always looking for the latest and greatest new thing to buy. We pay a small fortune some technologies when they first become available and only get use out of them for a couple or years before something better comes on to the market. That brand new cell phone or laptop computer you just bought will most likely be considered “obsolete” within 1-2 years. It is the nature of technology to eventually become obsolete in the world we live in today.