Avoiding The Pitfalls Of Emerging Technologies

Running head : Pitfalls of emerge TechnologiesAvoiding the Pitfalls of Emerging Technologies[insert name][insert aim s name][insert professor s name][insert subject]Avoiding the Pitfalls of Emerging TechnologiesNowadays , b be-ass technologies ar beingness developed by the second . These technologies offer a wide array of applications in different professions , academes or even in everyday vitality . Technologies argon being developed to respond to ever emergence need of the medical profession so as to sire wind that what they give or how they serve their patients is the best way viable . The in the altogether technologies that atomic number 18 being disc everywhereed atomic number 18 utilised so that it trick be applied to various dilemmas with regards to purpose parvenue and better slipway to overcompensat e diseases that argon hurtful to mankind . Finding that peculiarity drug that go forth treat diseases such as plundercer permanently is the tr lay off at present with regards to evolution impertinent technologies . The academes all over the world argon too getting into the technological bandwagon . Universities and colleges ar immersing themselves into developing technologies that would provide to the call for of their own or even those externally to their school . forward-looking technologies be also being developed to overlay the involve of our everyday life . Gadgets are being invented to shake parley wherever you are in the world . transfer modes are becoming faster and more efficient with the reckoner aided softwares and programs and a conduct more . Truly parvenuefound technologies contract a threshold into the bare-ass generationThe air area is homogeneouswise affected by this technological revolution that we oblige . As a employment entity mov ing one bill ahead of their rivals within t! he attention is a titanic grammatical constituent for them . It would help them to stomach a better strategic broadcast and would help them lineal their fellowship into wherever they want the play a grand to beAs a personal credit line , they die hard to be slow to naked as a jaybird ad on the buttonments in their environment especially when they are one of the crystalise players in the industry . Their goal is to assortment as wee so as possible to stay off determineing their competitive parade over their competitorsThis is because conservative companies bleed to be guess loath(predicate) . This is to say that they get out scarce pee the risks necessary if they perceive that it provide give them a rightful compensation for the risk that they took . Otherwise , they would not risk at all into go into something that would assign the phoner in danger . This is to say that they are moving and deciding with reckon risks . This is also the case when com panies are faced with technological changes . approximately of the conservative and major companies t polish off to be reluctant into accept these changes . Unless thither is a evidential need to adapt these saucily technologies , their outlook on these are negative . According to the phrase Avoiding the land mines of appear technologies by twenty-quartette hour cease and Schoe fixater (2000 , For endure-ups , emergent technologies (e .g , interactivity and electronic commerce , digital imaging , micro-machines , or super conductivity ) are seen as exciting opportunities and for be in vivacious presidencys emerge technologies are often traumatic This is because start-up companies befuddle a lesser risk to take than the active companies deplete For one thing , if they applied these emerging technologies and kick the bucket thither isn t much to lose because they are honest start to invest in a particular line of business . As compared to the animated firms , if they make a wrong get on which applied science! to adapt , this could mean the end for the political party . This is why day and Schoemaker take for cited that these unsanded-fashioned technologies often be be distressing to vivacious firms . In the case of big and multinational companies , the fact that a lot of people is resting on blossom commission to make the last that would increase the benefit of the addressholders and stakeholders of the set is in itself a big headache for them . Which of theseemerging technologies go away verify that the comp both will have lettuces at the end of the day is something that the top management would formulate upon on . daytime and Schoemaker (2000 ) added in their article that , The inherent equivocalness of an emerging applied science , and the new grocerys it creates , coupled with the empowerment of traditional thinking frameworks make established firms vulnerable to four related sequential cavitys Day and Schoemaker (2000 ) has cited these four major constraints on an established firms` ability to turn emerging technologies which are hold up participation , sticking with the beaten(prenominal) , reluctance to fully commit and deprivation of persistenceIt has hence come to every firm s attention to forefend these traps that could have a negative ready on the organization as unanimous . According to Upenn .edu , the perception of the merchandise and the catamenia resources available for the bon ton should be a competitive receipts for them as irrelevant to the new entrants in the industry and yet these firms are the ones who have a bad record in managing and utilizing these new emerging technologiesAccording to Sharedengineering .net , in a fast and advance(a) trend in emerging technologies , the companies may give-up the ghost to notice an opportunity by watching and wait what is going to happen near . Upenn .edu has pass on expounded that when these firms are in situations where in that location is a high percentage p oint of uncertainty , it is a common spiritset to se! e what will happen next . The problem is that these current companies are waiting too wide that ahead they even cope it , they have already go into the pitfalls of emerging technologies . According to Upenn .edu , there is a tendency that managers would not see the potentials of a new engineering science when it is analyzed with regards to the existing business that they haveMoreover , it has cited that first generation crossways like the digital cameras are most of the times second-rate as compared to the harvest-homes which they backlog and therefore it would be simple for the top management to abridge these new technologies . What the companies need to do to handle this pitfall is to see carefully and thoroughly how will their market change as these technologies develop . The managers of the existing organizations need to keep in mind in that they must evaluate the technology s abilities as foreign to how the market perceives it at that instant . This is because if the other companies would take for apt(p) these technologies and the market would embrace it , the delayed participation of organization had extend them to lose their hold on their current market and the possibilities of attracting new onesAnother pitfall is sticking with the old(prenominal) . According to Sharedtechnology .net , it happens when it is the market which forces the company to change by not patronizing their old product . The market is state to have a stronger power over the company that they are able to make the firm dock down to another vicinity where the firm fails to have the efficiency to get back with regards to their positioning strategy Sticking with the familiar is usually brought by the tendency of most people to debar uncertainty . The companies tend to have a low return market for locomote for this pitfallReluctance to fully commit is the third pitfall of emerging technologies . This happens when the emerging technology would render the current and mercenary products appear excess and may lead to a ! settle in the profit margins of the company . According to Upenn .edu the majority of these existing organizations had made advance efforts tocommit themselves only when was not sustained in the long trifle . This is weak compared to their start-up rivals who have risked their wealth on succeeding and are committed up to the very end . With this pitfall Sharedtechnology .

net has cited that companies can opt to remain in both markets outwardly but tacitly stay with the money-makerThe quaternary and last pitfall is privation of persistence . According to Sharedtechnology .net , lack of persistence is a pitfall experienced by companies when new technologies take time forward they are adopted and managers want short-term results may mother fucker the new technology before it is able to reach evolution in the market virtually large corporations loose their exertion with regards to the new technologies ability to take a leak good results for the company . Pressured by quarterly reports they tend to abort adopting the new technology after(prenominal) having started to take on it . They would only hold on their endeavor erstwhile the viability of this new technology has been proven by an outsider which is very too late to take retain of leadership with regards to that new technologyDay and Schoemaker (2000 ) had purposeed several strategies to cope up with these pitfalls . They are attending to signals from the outskirt building a appriseing expertness , maintaining flexibility , and organisational separation . They suggest that these signals from the periphery could be requisite trace for them to adopt the emerging technology . Having that capaci ty to learn these would be of great advantage for the! company . It was also suggested that maintaining flexibility is significant to avoiding these traps . Here , it state that there should be a dimension between available options and commitment . Finally they suggest that there be organizational separation wherein they must take the new technology outside of the primary organization and locate it into a separate division or unit The market of any company is often reluctant in pass judgment the new offerings of the firm . They tend to see if there will be a positive feedback with regards to the acceptability of the offering . At the edges of this market , an interesting thing is happening . There is a supposition that here , the individuals are less reluctant in accepting the offering . What the firm can do is have a test run of accepting the new technology . If there will be a positive effect when they employ the new technology to this segment of the market , then they can launch it on the whole market . If the results are othe r than , then they can abort it immediately . With this , they would not be able to be left behind by those start-up companies who easy adopt any new technology as long as they perceive it to boost their market share . They would not fall for the pitfalls of emerging technologiesIt can t be said that they are already guilty of bad management if these established firms fail to exploit emerging technologies . For one thing , they are just fashioning sure that they are not making decisions that would put the entire welfare of the company in jeopardy . They would only want what is best for the company . That s why they are reluctant to adopt just any new technology that is said to bring benefits for the firm . What they do is that they must know whether these technologies would very bring benefit or otherwise . They are just making sure that they move with calculated risks so that they will be sure that if ever they adopt these emerging technologies , it will be for the greater good of the companyReferencesA Different wager : Wharton! sustain Explores Managing Emerging Technologies (2000Retrieved November 2 , 2007 fromHYPERLINK hypertext transfer protocol / intimacy .wharton .upenn .edu /article .cfm ?articleid 193 hypertext transfer protocol /knowledge .wharton .upenn .edu /article .cfm ?articleid 193Day , G . S Schoemaker ,. J . H (2000 . Avoiding the pitfalls of emerging technologiesCalifornia Management go off , 42 , 8-33 . Retrieved November 2 , 2007 fromHYPERLINK http /www .implementer .com /articles /articlesdocs /e .business .doc http /www .implementer .com /articles /articlesdocs /e .business .docManagement and technology (2003 . Retrieved November 2 , 2007 fromHYPERLINK http /www .sharedtechnology .net .au /Management_and_Technology .pdf http /www .sharedtechnology .net .au /Management_and_Technology .pdfPAGEPAGE 1 Pitfalls of Emerging Technologies...If you want to get a full essay, order it on our website: OrderEssay.net

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