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 Essay Technology 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 adapt to its environment. [1] Technological change has become the driving force of innovation, productivity, growth and development of the economy.[1] Technology is all about using the technical and scientific knowledge we have to help solve problems (or) to make life better. Now a days technology that is already available and being used for example the internet, mobile phones and computers (or) you can also develop new technology. Developing new technology may be more difficult to do, but if you have an idea for this and it can be used to make public services also. [1] Examples to compare the Old and New technology: Laser printers vs. inkjet printers, landline services vs. cell phones etc. Our study analyzes industry 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.[2] New technology separates into two types: Sustaining technology Disruptive technology Sustaining Technology: Sustaining technologies tend 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] Disruptive technology: Disruptive technology means a new technology that unexpectedly displaces an established technology and lacks refinement and performance problem because its new technology.[3] A 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. [3] First, 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.[3] Theory: New 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 provide tremendous breakthrough opportunities to invest in paradigm shifting technology, to drive growth and the Establishment a powerful future position.[4] Disruptive 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 priced or designed for a different set of consumers.[4] Disruptive 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.[4] Disruptive 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 older technology could not fill or by successively moving up-market through performance improvements until finally displacing the market incumbents.[4] Disruptive 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.[4] In general, old products based on sustaining technology are perceived to be superior to the new ones based on disruptive technology. However, the latter have distinctive features that allow them to attract an exclusive set of customers.[4] Examples: 1. UPS is example of how new technologies can help a company to improve its operating performance. However it is using advanced 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 wireless 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 faster in order to surpass its competitors. [5] UPS software applications generate reports for managers that allow them to better plan and control the delivery routes. Better planning and route control result in time saving and more efficient use of resources. 2. A team of robotics engineers have developed a system that makes pneumatic artificial muscles much quieter than those used in labs today.[6] Annoying 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 work silently.[6] Instead of an air compressor the pressure is supplied by a sealed capsule with a metal hydride powder. The material can absorb and release 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.[6] These 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.[7] Disruptive 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 strategy focus they used to define disruptive technologies. These definitions are classified by a number of business strategy parameters used to describe disruptive technologies.[7] Disruptive technologies and discontinuous innovations present a unique challenge and opportunity for RD organizations seeking to decide on their RD investments and for Manufacturing 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 creation 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 react to a proven disruptive technology that has changed the Product market paradigm. As a result, the community of corporate customers does not readily accept them until they are proven, an event that usually means corporate customers are late entries into the market.[7] Sometimes, advocates of a new technology make grandiose claims about the new technology it will double 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, because:[8] Look at all the cool things the new technology can do. The current immaturity, instability, unreliability and other drawbacks of the new technology are mere 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. [8] What really happens is one of several things: 1. New technology becomes irrelevant. 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, raised our standard of living, augmented our understanding of the universe, etc. New technology has saved many of us.

Diathesis Stress Model

Diathesis- This is the genetic predisposition which the Genain children expressed through their father. Mr. Genain had various fears and obsessions such as patrolling the house because he was worried of a break in, forms of paranoia. Since paranoia is a symptom of schizophrenia it is likely that Mr. Genain was schizophrenic and he passed this gene onto the children. Later on, his actions created stress that triggered the schizophrenia in his children. Stress: Nora and Myra were considered the more superior set of twins and therefore were able to function better than Iris and Hester. This categorization is probably one of the first stressors that caused Iris and Hester to suffer the worst from the disorder. A stress that affected all of the children and helped trigger the disorder was Mr. Genain’s insistence on watching the girls dress and undress. Furthermore, his molestation of two of the girls made them more likely to develop schizophrenia. Part of the reason Nora was not as successful as Myra was because she was her father’s favorite sexual target which added more stress to her life. Another stressor that hurt Iris and Hester was when their parents had their clitoris’s were circumcised. Also, since Iris, Nora, and Myra began deteriorating after a man made improper advances this proves that stress played a prominent role in the signaling of schizophrenia. Myra was able to be the most functioning individual because she was her parent’s favorite and received the least objectionable attention, and therefore had the least amount of stress in her life.

Elementary Educator Essay

To become an instrument of education is a privilege that allows one to free ignorant minds. Next to food, clothing and shelter, education sustains an individual’s life. And this education has the most impact in the early years of childhood. Counting a few years into the future, I would like to have the opportunity to play an important role as an elementary educator. Early Education What we are now, what sustains us as we become adults, is the culmination of our experiences and education through the years. Education in the early stages of life is the most crucial. The things we are taught when we are young are carried over the years when we become adults. As one book title goes, â€Å"all I ever need to know I learned in kindergarten,† and that I believe in. At some point in our lives, we will always go back to the basics. Early education accounts for all the basic skills that we need to know — arts, music, math, science, language and social studies. It begins with learning through play. Later on, the elementary educator becomes responsible for gradually changing the medium of instruction from games to more formal means such as classroom teaching. More depth into the subjects is now incorporated and various modes of teaching are practiced. It now involves passing on knowledge from the teacher to the student in the most effective way possible. For the most part, it is important that educators are intelligent and well-educated themselves. Not only do they need to have the desire to teach but they also need to have the desire to practice lifelong learning. Teaching entails accurate and up-to-date knowledge in the various areas of study. The daily routine involves preparing lesson plans, creating visuals, learning and teaching technology, administering examinations, evaluating presentations and overseeing activities among others. It is the educator’s responsibility to pique his students’ attention and to keep them focused on the goal of learning. The responsibility, however, does not end in the technicalities of the job. Apart from formal instruction, there are other classroom duties that the educator needs to oversee wherein students can also learn (Wingo and Schorling, 6). These duties teach students to be responsible and develop soft skills such as management, leadership and organization among others. Therefore, it is also important that educators understand and are able to practice these soft skills themselves. To be considered a successful teacher, however, requires going beyond these roles and responsibilities. To be a great teacher is to provide guidance toward emotional and social maturity (Wingo and Schorling, 15). And to do this, the educator’s sincerity needs to be seen by the students to inspire respect and trust. Once the respect and trust is established, the relationship will take on a higher level of confidence. Given these roles and responsibilities, it is only appropriate that those, such as me, who wish to be educators, be required to have earned at least a bachelor’s degree (a degree in Childhood Education is required for those who wish to teach in private institutions), completed an approved teacher training program and be licensed (Teachers par. 1). The degree ensures that the educator is equipped with the right knowledge and tools to teach. The training ensures the educator is prepared to take on the challenge that he is about to be involved in. But only experience can teach the educator establishing effective learning and personal relationships in the actual environment. Envisioning a Lifelong Career The Bureau of Labor Statistics (BLS) reports that 1 in 4 Americans are enrolled in educational institutions. This fact equates to 13 million jobs in the education industry. To further add to the statistics, employment is highest in elementary and secondary schools. School attendance is compulsory until age 16 – more students, more teachers needed. As for the wages, it increases as the level of educational attainment increases. Elementary school teachers are reported to average at 43,000USD. Given these numbers from the BLS of the U. S Department of Labor, I can assess that I am looking at a promising career in the education industry. There is a demand for workers in the field given the number of students required to take early education. I am looking at job stability with this demand and its fair share of wages. In a few years, expected retirements will also create job openings. If eventually I come to the decision that I would want to move forward in my career, there is very high potential that I will be able to do so. All I need to do is pursue my studies further so I can move up the next level of teaching. The good thing about being in the education industry is that the need for learning will never cease. And the learning areas that exist are endless. There are a number of options one can have from preschool education to middle school and secondary education to vocational and special education. One can choose to be in a public or private institution. Learning becomes very rewarding because it becomes possible not only for the students but for the teacher as well. A curriculum exists to be followed but the creativity in the execution of this curriculum is left to the teacher. However, as with any other career, frustrations can arise with learning motivation problems. And it is an educator’s duty to understand his students and inspire motivation (Wyse, 2). Behavioral issues are also concerns of the teacher. Even violence whether minimal or very brutal (i. e. killings as reported in the news), is possible. Handling these kinds of situations can be very tough but it is part of an educator’s duties. Resolution of these problems requires the establishment of good teacher-student relationships through gaining trust and respect and the development of a healthy classroom environment. Overall, I look at being an elementary educator with more advantages than downsides. The potential for my growth in this field, given the degree that I am pursuing, is something I am looking forward to. To be able to contribute to this nation’s progress through honing the skills of our students and enriching their minds is an honorable achievement.

Things Fall Apart Okonkwo Character Analysis Essay

In the novel Things Fall Apart, strength and pride are very important aspects of the main character, Okonkwo, however, these traits may sound like excellent traits to possess but because of the way he was raised, Okonkwo harbours many of his emotions under an outer shell of violence, strength and pride. His traits can be shown by looking at where he has come from in his life, for example, Okonkwo has acquired a large amount of wealth in his life because of his hard work and dedication which he also puts towards his family, unfortunately, his family also suffers greatly because of this due to Okonkwo’s high expectations of his children and his violent ways when they do not live up to them. Secondly, Okonkwo possesses hidden emotions that†¦show more content†¦Okonkwo’s harbouring of his sentimental emotions is a crucial part of his personality which makes him the way he is, for example, Okonkwo hates music because of the emotion that is required to create it, he rejects the idea of meaningful conversation because he considers it to be soft, and as he ages, he is rejecting the increasingly obvious fact that violence does not constitute inner strength. Firstly, it is revealed in the novel that Okonkwo does not like music and that he is bad at playing it which shows that he lacks the ability to express his emotions through listening to or creating music. Furthermore, Okonkwo’s ideals of not liking conversation and considering them weak goes against the mentality of his village which believes that â€Å"conversation is regarded very highly, and proverbs are the palm-oil with which words are eaten.† Lastly, as Okonkwo gets older, he is slowly realising that his violent ways are not truly making him a strong person but are in fact, slowly destroying him but Okonkwo refuses to accept this and continues with his violent attitude. Okonkwo has trouble revealing his true emotions ad even though they are present, he would never express th em to anyone. Okonkwo may try to act â€Å"manly† and strong when in the presence of others, but Okonkwo does possess sentimental emotions that he claims to view as weak which make up anShow MoreRelatedEssay Character Analysis of Okonkwo in Things Fall Apart541 Words   |  3 PagesIn the novel Things Fall Apart, Okonkwo is portrayed as a respected and determined individual whose fatal flaw eventually works against him. Throughout the novel the readers are shown that Okonkwo has many of these Characteristics because he is obsessed with the idea of becoming just like his father. This becomes his flaw in the novel that puts him into exile and makes it hard for him to adjust to the changes that were made with in his village. 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