Review the exercise BELOW. The exercise file contains questions to be answered. The format of the paper can be numbered double-spaced responses to the questions. The total length of the paper should be 300 – 400 words. Email the assignment to me through the course email.
1. Sector Innovation Patterns
Think about the sector in which your firm (or one with which you are familiar) is active. You could, for example, be looking at a firm involved in children’s toy manufacturing. Now try to list the major changes in that sector over the past 25 years in terms of what contributes to competitiveness. Who (which firms) have been the winners and losers and why? You are trying to get a feel in this for how technological change can shape the competitive dynamics of an industry, so think about questions like these:
• How has the industry changed – and how has technology helped (or could it help)
deal with these changes?
• What new technologies have emerged – and how have they been used?
•What are the main market demands (e.g. price, quality, design, customization, speed
of response, etc.) and how has technology affected the ability of firms to offer these?
• If a new entrant came into the industry what would he/she have to offer to become a
market leader – and how might technology help them do so?