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What are some of the reasons that established firms might resist the adoption of a new technology?

In my opinion, established firms might resist the adoption of a new technology because every new technology developing has a cost, and it is also risky. The company cannot be certain that the new technology that they are investing with time and money will deliver the worthy profit and company achievement in the future. According to the textbook, the new product development failure rate can be as high as 95 percent; therefore, developing a new technology is expensive and risky (Schilling, 2010, p. 96)


Which instructional course should one use to learn about new technology?

There are many courses available for a person looking to learn about new technology. For example there are many online courses specifically called Learning and adapting new technology.


What is cut over testing?

Cutover is the process of planning, managing and executing all of the tasks and activities that allows to replace the current legacy capabilities (process and technology) with the new capabilities (process and technology). So, before actual cutover starts we generally do Cutover Dress Rehearsal.


Is nano technology a latest technology?

It is a fairly new technology.


What do you call someone who studies technology?

A person who studies technology is typically referred to as a technologist or a technology scholar. They may also be called a technophile, especially if they have a strong enthusiasm for technology. These individuals often focus on researching, developing, or analyzing various aspects of technology, such as its impact on society, its applications in different industries, or its advancements in specific fields.

Related Questions

What is the process of developing new technology called?

prototyping


What is the process of developing new technology?

the engineering design process


What is the final step in developing new technology?

determining if the technology met the goals and criteria it was designed to do


How to create new technology?

Creating new technology involves several steps, including conceptualizing, researching, developing, and testing. visit techstackdigital


How science and technology has help us to communicate faster?

by developing new modes of communication


how did european population growth contribute to better farming methods and new technology?

population is usually determined by a process called census


What are some of the reasons that established firms might resist the adoption of a new technology?

In my opinion, established firms might resist the adoption of a new technology because every new technology developing has a cost, and it is also risky. The company cannot be certain that the new technology that they are investing with time and money will deliver the worthy profit and company achievement in the future. According to the textbook, the new product development failure rate can be as high as 95 percent; therefore, developing a new technology is expensive and risky (Schilling, 2010, p. 96)


What term is used to describe the process for a new species developing from an existing species?

The term used to describe the process for a new species developing from an existing species is "speciation." This process occurs when a population becomes reproductively isolated from the original species, leading to the accumulation of differences over time that eventually result in the formation of a distinct new species.


French poets responded to Impressionism in painting by developing a new literary style called?

French poets responded to Impressionism in painting by developing a new literary style called: Symbolism.


The process engineers use to develop a new technology?

FARTS


What new types of wireless technology are being released soon?

Apple has new models of the iphone it is planning to release in fall 2011 - iphone 5 and 4g. Samsung and AT&T are also developing new wireless technology.


How are computers and technology alike?

Information technology covers almost everything to do with electronics - From the smallest advances in light-bulbs to developing new spacecraft for exploration. Computers are just a small section of the information technology group.