Technology life cycle - Revision history

Dirkjan at 20:04, 27 August 2020

2020-08-27T20:04:06Z

Dirkjan: Replaced content with "Technology life cycle Category:mbi Category:Model Category:Term"

2020-08-27T19:21:46Z

Replaced content with "Technology life cycle Category:mbi Category:Model Category:Term"

Dirkjan: Created page with " # Fluid ## In the fluid phase there is a great deal of product and Market unce..."

2020-08-25T08:08:05Z

Created page with "<html> <img src="/static/files/MBI/Module%205/technologylifecycle.png" width = 400 /> </html> # Fluid ## In the fluid phase there is a great deal of product and Market unce..."

New page

<html>
<img src="/static/files/MBI/Module%205/technologylifecycle.png" width = 400 />
</html>

# Fluid
## In the fluid phase there is a great deal of product and [[Market uncertainty|Market uncertainty]].
## 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
# Growth or Transitional
## The transitional phase sets in when some standardization of components, market needs, and product design features takes place
## A standard or common framework for offering products or services emerges signaling a substantial reduction in uncertainty, experimentation, and major changes.
## The customer base increases from lead and high-income users to mass market during the growth phase.
## Many firms find out that they do not have what it takes to compete
## The number of entries decreases drastically while the number of exits increases tremendously.
# Stable
## In the stable phase (or mature phase), products built around the common framework or standard proliferate.
## Products are highly defined with differences fewer than similarities between competing products.
## Demand growth slows considerably with most output earmarked to satisfy replacement needs.
## The total number of firms in each industry decreases considerably from the peak of the growth phase.
## In this phase, a firm’s strategies focus on defending its position and watching out for the next technological change that could start the life cycle over again.
[[Category:mbi]]

[[Category:Model]]

[[Category:Term]]

← Older revision		Revision as of 19:21, 27 August 2020
Line 1:		Line 1:
−	~~<html>~~	+	Technology life cycle
−	~~<img src="/static/files/MBI/Module%205/technologylifecycle.png" width = 400 />~~
−	~~</html>~~
−
−	~~# Fluid~~
−	~~## In the fluid phase there is a great deal of product and [[Market uncertainty\|Market uncertainty]].~~
−	~~## 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~~
−	~~# Growth or Transitional~~
−	~~## The transitional phase sets in when some standardization of components, market needs, and product design features takes place~~
−	~~## A standard or common framework for offering products or services emerges signaling a substantial reduction in uncertainty, experimentation, and major changes.~~
−	~~## The customer base increases from lead and high-income users to mass market during the growth phase.~~
−	~~## Many firms find out that they do not have what it takes to compete~~
−	~~## The number of entries decreases drastically while the number of exits increases tremendously.~~
−	~~# Stable~~
−	~~## In the stable phase (or mature phase), products built around the common framework or standard proliferate.~~
−	~~## Products are highly defined with differences fewer than similarities between competing products.~~
−	~~## Demand growth slows considerably with most output earmarked to satisfy replacement needs.~~
−	~~## The total number of firms in each industry decreases considerably from the peak of the growth phase.~~
−	~~## In this phase, a firm’s strategies focus on defending its position and watching out for the next technological change that could start the~~ life cycle ~~over again.~~
	[[Category:mbi]]		[[Category:mbi]]

← Older revision		Revision as of 20:04, 27 August 2020
Line 1:		Line 1:
−	~~Technology~~ life cycle	+	<html>
		+	<img src="/static/files/MBI/Module%205/technologylifecycle.png" width = 400 />
		+	</html>
		+
		+	# Fluid
		+	## In the fluid phase there is a great deal of product and [[Market uncertainty\|Market uncertainty]].
		+	## 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
		+	# Growth or Transitional
		+	## The transitional phase sets in when some standardization of components, market needs, and product design features takes place
		+	## A standard or common framework for offering products or services emerges signaling a substantial reduction in uncertainty, experimentation, and major changes.
		+	## The customer base increases from lead and high-income users to mass market during the growth phase.
		+	## Many firms find out that they do not have what it takes to compete
		+	## The number of entries decreases drastically while the number of exits increases tremendously.
		+	# Stable
		+	## In the stable phase (or mature phase), products built around the common framework or standard proliferate.
		+	## Products are highly defined with differences fewer than similarities between competing products.
		+	## Demand growth slows considerably with most output earmarked to satisfy replacement needs.
		+	## The total number of firms in each industry decreases considerably from the peak of the growth phase.
		+	## In this phase, a firm’s strategies focus on defending its position and watching out for the next technological change that could start the life cycle over again.
	[[Category:mbi]]		[[Category:mbi]]