W4: Technological Change Flashcards

(26 cards)

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

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
Diversification can be a good strategy to survive the unstable moments, but this cost of production will have to be taken into consideration.
Evolutionary Vs Revolutionary Products
26
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
Cultural Variations