W4: Technological Change Flashcards

1
Q

Devices and machines that assist us to tackle issues or do new things

A

Technology

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2
Q

term to portray the level of accomplishment in science, math and designing of a gathering or culture

A

Technology

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3
Q

branch of knowledge that deals with applied sciences or engineering

A

Technology

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4
Q

author of the book titled The Nature of Technology

A

Brian Arthur of the Santa Fe Institute

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5
Q

Brian Arthur’s Book that says “technology evolves over time”

A

The Nature of Technology

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6
Q

Technological evolution happens because of the phenomenon that Brian Arthur calls

A

Combinatorial evolution

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7
Q

a successful system is one that is stable and able to adapt over time

A

Systems Theory

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8
Q

Societal needs create the need for new and improved

technologies, as technologies spawn new needs of society

A

Feedback between Technology and Society

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9
Q

Technologies that fail to meet or adjust to the needs of society will become extinct

A

Feedback between Technology and Society

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10
Q

successful tool, systems, and software in one platform may be unstable or unsuccessful in other platforms thereby needs improvement

A

Maladaptive Features

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11
Q

Tech companies like Apple created a demand for technological product through their marketing initiatives are able to create a niche market

A

Niche construction

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12
Q

Two technologies can co-exist if their overlap on a niche is minimal

A

Competition for the same niche

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13
Q

Tech manufacturers today try to avoid competing on one and the same niche and they try to build their own niche market

A

Competition for the same niche

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14
Q

Sometimes though because the needs of society, technological advancements or products even from the own line-up of products of a single manufacturer compete to overlap in a niche

A

Competition for the same niche

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15
Q

What are the two important kinds of differentiation

A

Morphological and Conditional

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16
Q

is when two competing products or technologies evolve and move into distinct niches

A

Morphological differentiation

17
Q

is when two competing technologies or products differ in their abilities or features to be used by consumers in different situations

A

Conditional differentiation

18
Q

product differentiation is the key to be able to coexist with other technologies competing in the same market

A

Niche Differentiation

19
Q

The evolution or development of the smartphone is a concrete example of _____

A

Selection Pressure

20
Q

Also known as Market or Environmental pressure

A

Selection Pressure

21
Q

The pressure exerted by the end-users of a technological product

A

Selection Pressure

22
Q

the development of ____ products requires an understanding of customer needs

A

Evolutionary

23
Q

the development of ____ products depends on a visionary approach

A

Revolutionary

24
Q

Tech companies that want to be successful need to work on both revolutionary and evolutionary products in order to be profitable and sustainable in the long term

A

Evolutionary Vs Revolutionary Products

25
Q

Diversification can be a good strategy to survive the unstable moments, but this cost of production will have to be taken into consideration.

A

Evolutionary Vs Revolutionary Products

26
Q

basically points out the differences in culture, beliefs, attitudes, skills, customs, and even financial capabilities also affect how technology advances and evolves in a particular geographical area or culture

A

Cultural Variations