Comparing Old And New Technologies And Their Impact On The World Business Essay

Comparing Old And New Technologies And Their Impact On The World Business Essayengineering is a broad concept that deals with human as well as other animal species usage and knowledge of tools and crafts, and how it affects a species ability to control and change to its environment. 1Technological change has become the driving force of innovation, productivity, growth and development of the economy.1Technology is all about using the technical and scientific knowledge we produce to help solve problems (or) to soak up life better. Now a days engine room that is already available and being used for example the internet, mobile ph unmatcheds and calculators (or) you fag in like manner develop new engineering science. Developing new engineering may be more difficult to do, but if you have an idea for this and it can be used to make public services also. 1Examples to comp atomic number 18 the Old and New technologyLaser printers vs. inkjet printers, landline services vs. cell phon es etc. Our study analyzes assiduity equilibrium in a model with an incumbent and an entrant that have heterogeneous product offering capabilities the incumbent can offer either or both types of products, while the entrant can only offer new products. Firms make capacity, pricing, or quantity decisions that maximize their ex-ante profit. Within this framework, we analyze deterministic games with perfect information and stochastic games with uncertain valuation of the disruptive technology.2New technology separates into two typesSustaining technology unquiet technologySustaining TechnologySustaining technologies hunt to maintain a rate of improvement that is, they give customers something more (or) better in the attributes they already value. It also relies on incremental improvements to an already established technology.2 profuse technology riotous technology means a new technology that unexpectedly displaces an established technology and lacks refinement and performance problem because its new technology.3A new technology that has a serious impact on the status quo and changes the way people have been dealing with something. The most disruptive technologies in history have been the telephone, computer and the Internet. 3First, disruptive products are simpler and cheaper they generally promise lower margins, not greater profits. Second, disruptive technologies typically are first commercialized in emerging or insignificant markets. And third, leading firms most profitable customers generally dont want, and indeed initially cant use, products based on disruptive technologies.3TheoryNew technology which radically changes the way things have been done in the past is commonly referred to as disruptive technology. Whilst disruption has negative connotations, if understood and evaluated early on, such innovations can also put up tremendous breakthrough opportunities to invest in paradigm shifting technology, to drive growth and the Establishment a powerful futur e position.4Disruptive technology and disruptive innovation are terms used in business and technology literature to describe innovation that improve a product or service in ways that the market does not expect, typically by being lower footingd or designed for a different set of consumers.4Disruptive innovations can be broadly classified into low-end and new-market disruptive innovations. A new-market disruptive innovation is often aimed at non-consumption, 4 whereas a lower-end disruptive innovation is aimed at mainstream customers for whom price is more important than quality.4Disruptive technologies are particularly threatening to the leaders of an existing market, because they are competition coming from an unexpected direction. A disruptive technology can come to dominate an existing market by either filling a role in a new market that the former(a) technology could not fill or by successively moving up-market through performance improvements until finally displacing the mark et incumbents.4Disruptive technology Introduce a very different package of attributes from the one mainstream customer historically value, and they often perform far worse along one or two dimensions that are particularly important to those customers. As a rule, mainstream customers are unwilling to use a disruptive product in applications they know and understand. At first, then, disruptive technologies tend to be used and valued only in new markets or new applications in fact, they generally make possible the emergence of new markets.4In general, old products based on sustaining technology are perceived to be superior to the new ones based on disruptive technology. However, the latter have typical features that allow them to attract an exclusive set of customers.4Examples1. UPS is example of how new technologies can help a company to improve its operating performance. However it is using in advance(p) technology to improve the way it operates its primary business and to leverage those skills and infrastructure to move into other related lines of business. UPS has developed software applications and mobile devices with the support of radio set networks for shipping and tracking services. Its software applications work on a common platform with a single database, enabling it to optimise the route and load plans accelerated in order to surpass its competitors. 5UPS software applications generate reports for managers that allow them to better plan and control the delivery routes. Better planning and route control subject in time saving and more efficient use of resources.2. A team of robotics engineers have developed a system that makes pneumatic artificial muscles a great deal quieter than those used in labs today.6Annoying noise produced by air pumps or electric motors in human-like robots is among the factors hampering their entry into consumer market. Researchers at the University of Nevada in Reno came up with an idea how to make artificial muscles wo rk silently.6Instead of an air compressor the pressure is supplied by a sealed capsule with a metal hydride powder. The material can absorb and personnel casualty large amounts hydrogen gas if heated and cooled down. The property makes them of much interest for hydrogen motor researchers, since safe storage of the explosive gas is one of the biggest challenges for the industry.6These are the examples for the Impact of Disruptive Technologies for Technology Businesses.Disruptive technology is significantly cheaper than current and is much higher performing, greater functionality and more convenient to use.7Disruptive technologies are scientific discoveries that break through the usual product (or) technology capabilities and provide a basis for new competitive paradigm Discontinuous innovations are products, processes, and services that provide exponential improvements in the value received by the customer much in the same vein. The definitions used by different authors to describe the business dodging focus they used to define disruptive technologies. These definitions are classified by a number of business strategy parameters used to describe disruptive technologies.7Disruptive technologies and discontinuous innovations present a unique challenge and opportunity for RD organizations seeking to decide on their RD investments and forManufacturing organizations devising plans for their commercialization efforts and meeting the challenge to reinvent the corporation. These technologies do not have a proven path from scientific discovery to mass production and, therefore, require novel approaches although they are the wellspring of wealth insertion and new competency generation for the firms that introduce such innovations. Many firms, especially the larger ones, seem reluctant to familiarize themselves with these technologies quickly. The trend seems to be that these firms prefer to answer to a proven disruptive technology that has changed theProduct market pa radigm. As a result, the community of corporate customers does not readily accept them until they are proven, an suit that usually means corporate customers are late entries into the market.7Sometimes, advocates of a new technology make grandiose claims about the new technology it will divalent productivity, save lives, cure cancer, end war, and eliminate spam and telemarketing. They produce all sorts of literature enumerating the advantages of the new technology. Invariably, the new technology is immature often available in prototype form, However, that doesnt matter, because8Look at all the cool things the new technology can do.The current immaturity, instability, unreliability and other drawbacks of the new technology are stainless implementation details that need to be worked out, whereas the drawbacks of the old technology are fundamental limitations which cannot be designed out or designed around. 8What really happens is one of several things1. New technology becomes irrel evant.2. New technologys features are subsumed by old technology. New technology may become a player in the market, or maybe not.3. New technology really is a Disruptive Technology.All technology was once new technology. New technology has extended our life spans, embossed our standard of living, augmented our understanding of the universe, etc. New technology has saved many of us.