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Impact of New Technology On Business
Impact of New Technology On Business
All too many companies can’t admit to themselves that they actually don’t have the
wherewithal to make that transition—and so they fail disastrously.
perhaps because they lack the necessary capabilities or financial resources, or because they
believe that the new technology isn’t really superior and can be defeated.
So, they redouble their efforts to upgrade the old technology and in many cases succeed in
improving its performance.
Implementation of new technology in business
Functionality
Technology
Vendor
Support
Costs
Retrenching to sustainable niches-:
There is some question to guide your effort to retrench an old technology-
Q 1- What elements of our value creation does the new leave unaddressed.
Fore example-: about performance mode of delivering, service, interaction
Resource constraints prevented Ultratech from following its peers in developing the next
generation of 5X steppers.
if the company couldn’t afford to reinvent its technology in order to compete in its existing
market.
Ultratech’s first move was to retrench in a lower –end segment of the semiconductor wafer
market.
Lack of technology
Product development
Manufacturing
Cost structure
There is huge risk involve to transform old technology in to new technology.
Conclusion
If you want to sustain your business as a long term basis than you have to update your
technology as well as your strategy according trend & you have to satisfied your
customer’s needs & expectations.
Presented by:-
Hitesh Gupta
Saurabh singh
Pankaj Sachan
Rashid Khan