Answered: Explain the following by taking a…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Explain the following by taking a multinational automobile company on Innovation and Design Thinking: 1. Explain in detail some of the reasons that the company might resist the adoption of a new technology? With respect to the company selected why you think technologies often improve faster than customer requirements? What are the advantages and disadvantages to the firm of developing a technology beyond the current state of market needs? 2. In what industries would you expect to see particularly short or long technology cycles? What factors might influence the length of technology cycles in an industry? 3. With respect to the company selected explain some of the ways the firm can try to increase the overall value of its technology, and its likelihood of becoming the dominant design? do fast and need correct answer with good explanation ** need correct answer ** no plagrism

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