Management of Innovation Essay Example | Topics and Well Written Essays - 2500 words

Management of Innovation - Essay Example the improvement of telephone technology was made possible through investment in R&D capabilities by various firms across the world dealing with communications technology. In essence, there was a need to make the modes of communications such as using the telephone more convenient and user-friendly (Anderson & Tushman, 1991). The need for convenience in communications contributed to the invention of mobile technology by different companies across the globe. The key players in this sector included Nokia and Motorola who through their innovations, came up with communications gadgets that were considered to be efficient, user-friendly and portable compared to land line telephones that were stationary. On the other hand, the advent of mobile technology presented a vast market opportunity for firms that dealt with mobile technology. Because of the vast market potential for mobile technology, competition also grew over time as a result of new entrants in the mobile technology market across the globe. In order to remain competitive, firms specialising in mobile technology had to continue improving their  innovations to come up with unique products that resonate with mobile technology enthusiasts. As such, competition continues to revolutionise technological changes in the production of mobile phones (Anderson & Tushman, 1991). With respect to technological changes, this paper compares and contrasts two theories that can be associated with the advancement in the mobile technology today. S-curves visually denote how a product, service or technology evolves over time. S-curve in technological change can be associated with market adoption because where the curve begins marks a new market opportunity and the curve’s end represents obsolescence of a particular technology in the market. The end of one S-curve usually marks the beginning of a new S-curve that displaces, for instance, landline telephone versus cellular phones. In this regard, there are firms that tend to move