Dirkjan: Created page with "Market uncertainty arises as during the early stages of a Technology life cycle, it is very difficult to establish clearly what customer needs are: #..."

2020-08-25T07:15:08Z

Created page with "Market uncertainty arises as during the early stages of a Technology life cycle, it is very difficult to establish clearly what customer needs are: #..."

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Market uncertainty arises as during the early stages of a [[Technology life cycle|Technology life cycle]], it is very difficult to establish clearly what customer needs are:
# Firms are not quite sure what should go into the product.
# Customers too may not know what they want in the product.
# There is competition between the new and old technologies as well as between different designs using the new technology.
# Product quality is low
# Cost and prices are high, economies of scale and learning have yet to set in.
# Market penetration is low and customers are largely lead users

Part of [[Early mover effects|Early mover effects]]
[[Category:businessmodelling]]

[[Category:Business]]

[[Category:M8]]

[[Category:Modeling]]

[[Category:Term]]

Market uncertainty - Revision history

Dirkjan: Created page with "Market uncertainty arises as during the early stages of a Technology life cycle, it is very difficult to establish clearly what customer needs are: #..."