Question

2. Consider the technological adoption life cycle. Investigate companies in your country and determine where they...

2. Consider the technological adoption life cycle. Investigate companies in your country and determine where they are on the lifecycle and why you have placed them at this point (30MARKS)

Business   Operations-Management   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

Answer 1) The company which I am going to take is Maruti Suzuki Car company which is a local company of India. The company is said to be the number 1 company in terms of sales, quality of product, customer adaption and market share in India. Maruti Suzuki is having 51% market share in India which just more than half of the market while other big giant companies like Hyundai and others have 7-8% each in Indian continent. So now let’s talk about where this company is lying when it comes to technological adopting.

· Early Majority: The company Maruti Suzuki focuses more on quality of the product rather than brining new and advanced technology to the product because customers in India prefer quality products over new technology but slowly slowly the trend is changing towards technological products. After analyzing all the factors I am keeping Maruti Suzuki in Early Majority stage because the company brings technological advancement to the product late. The company is still not having sunroof in any of their cars. Expected to come in 2021

The next company which I am taking is Tata Car company which is also a local company in India but have few famous names like Range Rover, Jaguar under its ownership. Tata car share has been increasing by a huge margin since last few years because the company has started brining latest technologies in their product that too with superior quality. . So now let’s talk about where this company is lying when it comes to technological adopting.

· Early Adopters: As soon as the technology comes into the market, you will find a Tata car with those specification and technologies after 3-4 months. Tata latest cars like Harrier, Nexon and Altroz are the recent examples of latest advanced cars in India. Tata harrier is the only Indian car which Panaromic Sunroof in India and Tata Nexon is the only Indian made electronic car in India.

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Every project under goes life cycle, in your view where in the five-phase life cycle of...
Every project under goes life cycle, in your view where in the five-phase life cycle of a project do you think the most failures occur? Defend your answer.   
Describe two versions of one situation in your professional life where you could investigate a problem...
Describe two versions of one situation in your professional life where you could investigate a problem by collecting data using: Independent samples Dependent samples i stock shelves at a store.
Consider time where you have witnessed groupthink in your life. What factors encouraged members to join...
Consider time where you have witnessed groupthink in your life. What factors encouraged members to join in with the pack? If you had been a leader in this group, what could you have done to raise the awareness of the group to the groupthink?
Consider the stress you have in your life currently in psychological terms. 1) analyze the source...
Consider the stress you have in your life currently in psychological terms. 1) analyze the source of stress (at least 1 of them) and 2) develop a plan for how you might alleviate that stressor.
1.    In your own words, summarize the industry life-cycle (Pearson text) 2. Having been declared an essential...
1.    In your own words, summarize the industry life-cycle (Pearson text) 2. Having been declared an essential service, research the internet and briefly explain at which stage of the industrial life-cycle you believe the Cannabis industry is in?
Consider the case where the large nation Country 2 imports Good Z and decides to eliminate...
Consider the case where the large nation Country 2 imports Good Z and decides to eliminate its import tariff on Good Z. Suppose there is just one foreign exporter of Good Z, Country 3. (You don’t need to draw graphs for this problem.) When Country 2’s tariff is eliminated, (a) what happens to the price for the foreign sellers of Good Z? (b) what happens to the tax burden on Country 3’s producers caused by Country 2’s tariff? (c) what...
Consider an economy where production follows the O-ring theory: Y = q1q2. Suppose country A has...
Consider an economy where production follows the O-ring theory: Y = q1q2. Suppose country A has 3 people with q = 1 and 1 person with q = 1/2, country B has 2 people with q = 1 and 2 people with q = 1/2 , and country C has 3 people with q = 0 and 1 person with q = 1/2 . If you think of q as "probability of success" for each worker, how would you interpret...
Using the India as the subject Country, Answer the following 1 paragraph each. 2. In your...
Using the India as the subject Country, Answer the following 1 paragraph each. 2. In your essay, you will consider and address the following questions and points: a. What is the current state of the economy that you have chosen? Collect the latest available data on nominal GDP, real GDP, per capita real GDP, unemployment rate, inflation rate, interest rates, exchange rate(s), and any other important macroeconomic data. b. Is the country experiencing an inflationary gap or a recessionary gap?...
Consider two countries: Country A and Country B. Each country has the following Cobb-Douglas type production...
Consider two countries: Country A and Country B. Each country has the following Cobb-Douglas type production function: Country A: Y = (K0.5)(EL)0.5 Country B: Y = (K0.7)(EL)0.3 Unfortunately, your knowledge of Country A is a bit limited. You have pieces of information, but you don’t know the entire picture. o Savings rate (s): unknown for Country A and 14.29% for Country B o Steady-state value of capital per effective worker: unknown for both countries, but you have heard that Country...
(2) Given two counties that are identical in every way except for the fact that country...
(2) Given two counties that are identical in every way except for the fact that country A has more capital than country B, why do we expect country A to have greater output per worker relative to country B? Use an appropriate graph of a production function to illustrate your point. Be sure your graph is clear and well-labeled. (3) Referring to the above question, why would you expect country B to grow faster relative to country A?
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT