Impact of Technology Change

• Industrialization • Anticipated
• Urbanization • intended and desired
• Modernization • not desired but common or
• Development of the means of transport and probable
communication • not desired and improbable
• Transformation in the economy
• Unanticipated
• Evolution of the new social classes
• desirable
• Unemployment
• undesirable
• Technology and war
• Changes in social institutions
• Cultural Lag
• Social Movements
• Collective Action
 TECHNOLOGICAL CHARACTERISTICS OF COMPETITIVE DOMAINS

• Technological opportunity
• degree to which innovation potential exists in an industry

• Appropriability
• degree to which the potential economic benefits from an innovation can be appropriated

• Resource requirements
• magnitude of resource commitments required to bring about an innovation

• Collateral assets
• need and availability of collateral assets for an innovation

• Institutional milieu
• Market participants, such as suppliers and distributors. non-market institutions such as standard setting organizations and governmental agencies. enabling
institutions such as industry and trade

• Speed
• velocity of change in a competitive domain that sets the pace of internal operations of the competing firms