W4: Technological Change Flashcards
Devices and machines that assist us to tackle issues or do new things
Technology
term to portray the level of accomplishment in science, math and designing of a gathering or culture
Technology
branch of knowledge that deals with applied sciences or engineering
Technology
author of the book titled The Nature of Technology
Brian Arthur of the Santa Fe Institute
Brian Arthur’s Book that says “technology evolves over time”
The Nature of Technology
Technological evolution happens because of the phenomenon that Brian Arthur calls
Combinatorial evolution
a successful system is one that is stable and able to adapt over time
Systems Theory
Societal needs create the need for new and improved
technologies, as technologies spawn new needs of society
Feedback between Technology and Society
Technologies that fail to meet or adjust to the needs of society will become extinct
Feedback between Technology and Society
successful tool, systems, and software in one platform may be unstable or unsuccessful in other platforms thereby needs improvement
Maladaptive Features
Tech companies like Apple created a demand for technological product through their marketing initiatives are able to create a niche market
Niche construction
Two technologies can co-exist if their overlap on a niche is minimal
Competition for the same niche
Tech manufacturers today try to avoid competing on one and the same niche and they try to build their own niche market
Competition for the same niche
Sometimes though because the needs of society, technological advancements or products even from the own line-up of products of a single manufacturer compete to overlap in a niche
Competition for the same niche
What are the two important kinds of differentiation
Morphological and Conditional
is when two competing products or technologies evolve and move into distinct niches
Morphological differentiation
is when two competing technologies or products differ in their abilities or features to be used by consumers in different situations
Conditional differentiation
product differentiation is the key to be able to coexist with other technologies competing in the same market
Niche Differentiation
The evolution or development of the smartphone is a concrete example of _____
Selection Pressure
Also known as Market or Environmental pressure
Selection Pressure
The pressure exerted by the end-users of a technological product
Selection Pressure
the development of ____ products requires an understanding of customer needs
Evolutionary
the development of ____ products depends on a visionary approach
Revolutionary
Tech companies that want to be successful need to work on both revolutionary and evolutionary products in order to be profitable and sustainable in the long term
Evolutionary Vs Revolutionary Products
Diversification can be a good strategy to survive the unstable moments, but this cost of production will have to be taken into consideration.
Evolutionary Vs Revolutionary Products
basically points out the differences in culture, beliefs, attitudes, skills, customs, and even financial capabilities also affect how technology advances and evolves in a particular geographical area or culture
Cultural Variations
