Download or read book Factors Influence Future Technological Market Development written by John Lok and published by Notion Press. This book was released on 2022-03 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book divides three parts. The first part explains what future technology factors will influence US economy development. The second part explains what future technology factors will influence UK economy development. The final part that I shall give some economy theories to explain why these kinds of technological factors can influence future these both countries' economy growth. It brings this question: What are future influential technological development trend to US and UK? This book concerns to be given on my opinions and some economists' opinions to UK and US both countries government and businessmen what will be the most urgent important needs to develop on the technological product investments aspect. I shall indicate the online teaching technology and environment protect technology, such as natural energy, farming environment protect technology etc. as well as automatic technology in manufacturing industry, such as human intelligence products to give my reasons and some economists' reasons to explain to support why these three technological developments will be valid to invest to develop to UK society in the future.
Download or read book Digital and Social Media Marketing written by Nripendra P. Rana and published by Springer Nature. This book was released on 2019-11-11 with total page 337 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines issues and implications of digital and social media marketing for emerging markets. These markets necessitate substantial adaptations of developed theories and approaches employed in the Western world. The book investigates problems specific to emerging markets, while identifying new theoretical constructs and practical applications of digital marketing. It addresses topics such as electronic word of mouth (eWOM), demographic differences in digital marketing, mobile marketing, search engine advertising, among others. A radical increase in both temporal and geographical reach is empowering consumers to exert influence on brands, products, and services. Information and Communication Technologies (ICTs) and digital media are having a significant impact on the way people communicate and fulfil their socio-economic, emotional and material needs. These technologies are also being harnessed by businesses for various purposes including distribution and selling of goods, retailing of consumer services, customer relationship management, and influencing consumer behaviour by employing digital marketing practices. This book considers this, as it examines the practice and research related to digital and social media marketing.
Download or read book Developed Countries Future Unique Technology Competitive Comparision written by Johnny Ch Lok and published by . This book was released on 2019-12-12 with total page 128 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why are high automatic technology product development models needed to research to UK any manufacturers? UK government and manufacturers need to consider how to achieve high technology product development models. According to Hauser et al. (2006) indicated the high technology (high tech.) development process, is influenced by the innovative process, bringing products on exception value which stimulate product market demand. Innovation provides products the specific basis for which world economies compete with each other on the global market. Able to find new solutions, innovations generate significant changes in existing markets, destroy them, or create new marketing ( Hauser et al. 2006). So, UK manufacturers need to concern on any manufacturing high technology product development process because which can influence any new products development to manufacture to sell to any overseas or domestic both markets successfully.What is high tech. product meaning? Mohr et al. (2010) argues that there are two reasons why it is important to clarify and specific high technology: (1) due to the impact of technologies on the economy, attempts are made to classify economic production and incomes; (2) due to the impact of high tech. on the environment. Standard marketing strategies are being modified and adopted, therefore, it is necessary to know the products to focus on. Why UK manufacturers need to consider high technological product process. Nowadays, high tech. products are complex, advanced, requiring specific technical knowledge, which is technologically not discontinued and being produced at the companies which have twice as many technical personnel and invest twice as many in scientific research and development than other companies. Moreover, these products are time-sensitive as scientists are continuously searching for new approaches for invention of more advanced technologies which make all preceding ones lower-ranking. The most important, nowadays global consumers will adopt the particular technology. It means that global customers may delay adopting new high-tech. products and in order to mitigate the prolonged uncertainty require a high degree of education and information about the product and need post-purchase reassurance.Anyway, nowadays customer individual needs in high tech. environments are characterized by sudden changes related to unpredictable fashion. Even, consumers concern about how to preserve new product' competitive technological standard is completely incompatible with technological uncertainty. The most important factor is the prevalence rate of any new products development process, which is influenced by slower than of traditional products. In many cases high-tech. automatic product market are being materialized slower than which are expected. The technological uncertainty challenges will exist in development process, such as uncertainty related to the timetable for development of the question whether the new product will be function as promised. In automatic high-tech. industries, the time requires for product development is difficult to predict as, commonly, it takes longer than expected, uncertainty related to unanticipated consequences and uncertainty about the product life cycle related to competition products. In conclusion, these factors will influence new automatic technology product development process unsuccessful, so UK manufacturers will need to concern on any high technological automatic product's manufacturing process.Before, all over the world presented picture of demonstrate in London on the occasion of the meeting of the G20. Some economists indicated disastrous economy consequences will occur to any one of Western country, such as UK, so if any one of Western country did not consider automatic technology development to itself country.
Download or read book Future Unique Technology Influences Consumer Behavioral Change written by Johnny Ch LOK and published by . This book was released on 2019-07-10 with total page 127 pages. Available in PDF, EPUB and Kindle. Book excerpt: Nowadays, the current technological changes of humans and machines , but rather an opportunity for work to truly become a channel though which human recognize full potential. As US is a high technological developed country. I assume many US employers will choose to act to be the first high technological and invention manufacturing leader to encourage which labors need to learn high technological production methods to prepare manufacture any new technological products to sell in the future US domestic or foreign both markets. Thus, it is possible that future high technological manufacturing labor numbers will be shared large go e.g. 50 to 60% future total US labor market.How can future US labor market affect job creation and productivity growth? US future economic growth requires factor reallocation across US firms and continuous replacement of technologies. US labor market influences US economy dynamism by their impact on the supply of a key factor, skilled workers to US new and expanding firms, US growth -favoring labor market includes portable pension plans and health insurance united to the current US employers, individualized wage-setting and US public income insurance systems that encourage mobility and risk taking. US future economic growth arises as production shifts from less to more successful firms though the reallocation of factors of production . US labor market can advance restructuring. Overly regulations tend to create a system in which a large share of economic activity occurs in US small firms without the ability to grow. US labor market should be organized to promote potential high growth US firms, especially through decentralized and individualized wage setting, portable jobs.In the future, US will have many key importance of high growth firms. US capitalism entails a process of creative destination. New ideas continuously challenges act structures, giving rise to structural transformation as successful innovations and new products firms and industries will arise and obsolete ones will decline in US society.
Download or read book Globalization of Technology written by Proceedings of the Sixth Convocation of The Council of Academies of Engineering and Technological Sciences and published by National Academies Press. This book was released on 1988-02-01 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: The technological revolution has reached around the world, with important consequences for business, government, and the labor market. Computer-aided design, telecommunications, and other developments are allowing small players to compete with traditional giants in manufacturing and other fields. In this volume, 16 engineering and industrial experts representing eight countries discuss the growth of technological advances and their impact on specific industries and regions of the world. From various perspectives, these distinguished commentators describe the practical aspects of technology's reach into business and trade.
Download or read book UK Us Future Unique Technology Development written by Johnny Ch Lok and published by Independently Published. This book was released on 2019-01-25 with total page 128 pages. Available in PDF, EPUB and Kindle. Book excerpt: Part TwoUS Future TechnologyIntroductionDuring economic development stage, any country must encounter any new challenges and these new challenges had not encountered to occur to any country in the past. However, the most fast economic growth of country, such as US, it will have possible to encounter these same challenges during its economic development stage.I write this book aims to give my view points to indicate and explain what factors will cause US future economic growth. In this book part one, it will explain why these factors will impact US future economic growth. The factors include external environment impact of developing countries cities technological competitive investment factor, the trends impact on rural America's future economy factor, high level education and high birth rate factor, socio-economic and political factor, an increase in the returns to education factor influences US future labor market change, popular science, technology, engineering and mathematics kind of labor supply will be increased demand in US, increase development in genetics, human intelligence, robotics, nanotechnology, 3D printing and biotechnology technological industry factor, US entrepreneurship innovation influence US future geography economic growth factor, the role of intangible assets influences the regional economic growth in US factor, social factor impacts US future economic growth, tourism industry influences US future economy growth, the effects of population growth influence US economy growth, reducing income inequality factor influences future boosting US economic growth, long term cheap medical cost trend factor influences US economic growth, talent management factor influence US economic growth factor, the impact of educational quality factor, bio-medical industry factor.Part TwoFuture factors influence US economic growthChapter TwoExternal environmental impact Some economists predict developing countries every city in the global 750 is projected to have a larger future technological economy growth. But the diversity of developing countries' economic performance is large. Developing economy cities, such as China, Japan, Hong Kong, Korea cities can grow rapidly by acquiring capital and technological know-how and putting them to use by their rapidly growing urban labor forces. Even, these developing countries cities' rapid technological development can impact to US labor market supply.Due to future rapid technological development to these developing countries, the result will cause developing countries cities, such as Asia China, Hong Kong, India cities economy growth will rapidly. Otherwise, developed western countries cities, such as US, UK, Canada, Australia, Span, Germany etc. countries lie close to the technological frontier have stable urban populations and more limited investment and job creation opportunities. It will influence these developed countries' economic growth is slow than the developing countries. Due to developing Asia countries cities will prefer to invest more technological development to compare to developed countries, such as US, UK, Canada, Australia, Span, Germany etc. countries. Therefore developed countries, such as US, UK, Canada, Australia, Span, Germany etc. countries tend to grow more slowly. It seems developing Asia countries, such as Hong Kong, China, Korea etc. countries urban and central cities economic performance within developing countries will be better than developed countries, such as UK, US urban and central cities within five years.
Download or read book Factors Influence Future UK and Us Technological Development written by Johnny Ch Lok and published by . This book was released on 2021-04-17 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt: Distance learning education technologyIn the past, there fundamental forces have shaped US work labor market, includes an increase in the returns to education. General education upgrading and the large numbers of female need to work. How educational attainment, demographics and human capital will be predicted to influence US future labor market. Some economists believe education is useful to influence US future labor market. They indicate the social returns to education policies today depend on the relative prices that labor of different educational levels will command in future US labor market; current US labor market trends appear to leave a large group behind; less educated males. The rationale for social policies target specifically to this population is strengthened if predicted future outcomes in US labor market will lead this less educated male group numbers to fall down.How to supply educational level components to influence future changes in US labor supplied? It can change in the size of the US working age population, it can change in hours worked conditional on being of working age, and it can change in the skills (effective human capital units) to US workers of different education levels, gender and age . In US, the labor is supplied by both highly educated men and women increased substantially relative to the supply of labor by the less educated. Among US males this is largely, due to an increase in educational attainment; highly educated US males did not differentially increase their supplied compared to less educated males nor did their experience differential increases in their human capital policy in US. For US females, some economists found large increases in the labor supplied by US working age women that are due to both large increases in hours worked and increase in educational attainment. So, I assume that future US will have many high educational level female labors to work in US society.Today, human history is at the beginning of a growth industrial revolution. Developments in genetics, artificial intelligence, robotics, nanotechnology, 3D printing and biotechnology will be popular to influence US future job market change. For example, smart systems, product-homes, factories, farms or cities with help to solve problems ranging from supply chain management to climate change. The rise of the sharing economy will allow US human to monetize everything from their empty house to their car. Due to the future patterns of consumption will change to trend high technology life enjoyment, it will cause production and employment will also change to employ high technological production labor. As entire industries adjust, most US occupations are changed to high technological manufacturing industries. When some US jobs are threatened by others grow through a change in the skill sets required to do them. a key element in understanding how the benefits and burdens of the growth. Nowadays, the current technological changes of humans and machines, but rather an opportunity for work to truly become a channel though which human recognize full potential. As US is a high technological developed country. I assume many US employers will choose to act to be the first high technological and invention manufacturing leader to encourage which labors need to learn high technological production methods to prepare manufacture any new technological products to sell in the future US domestic or foreign both markets. Thus, it is possible that future high technological manufacturing labor numbers will be shared large go e.g. 50 to 60% future total US labor market.
Download or read book Future Technological Potential Product and Service written by Johnny Ch Lok and published by . This book was released on 2018-03-18 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: What are future business trends to influence any business development successful? What will be future potential development business? What are the nowadays business needs to adapt marketing change to satisfy client demand in the future? Any entrepreneurs need to consider whether what factors will influence their businesses to be succeed easily in global different industries competitive change environment. In my this book, I shall choose some potential industries to let readers to feel which aspects who need to consider more to adopt their marketing future needs to satisfy future human living needs. I shall explain why some industry will be new trend to be developed and how to choose the best strategy to achieve to attract many clients' consideration for their new trend industry in order to win their competitors more easily. It is suitable to any readers who have interest to pursue their businesses can adapt to future market change trends more closely.
Download or read book Future Global Technology Development written by Johnny Ch LOK and published by . This book was released on 2019-11-27 with total page 167 pages. Available in PDF, EPUB and Kindle. Book excerpt: What is high tech. product meaning? Mohr et al. (2010) argues that there are two reasons why it is important to clarify and specific high technology : (1) due to the impact of technologies on the economy, attempts are made to classify economic production and incomes ; (2) due to the impact of high tech. on the environment. Standard marketing strategies are being modified and adopted , therefore, it is necessary to know the products to focus on. Why UK manufacturers need to consider high technological product process. Nowadays, high tech. products are complex, advanced, requiring specific technical knowledge, which is technologically not discontinued and being produced at the companies which have twice as many technical personnel and invest twice as many in scientific research and development than other companies. Moreover, these products are time-sensitive as scientists are continuously searching for new approaches for invention of more advanced technologies which make all preceding ones lower-ranking. The most important, nowadays global consumers will adopt the particular technology. It means that global customers may delay adopting new high-tech. products and in order to mitigate the prolonged uncertainty require a high degree of education and information about the product and need post-purchase reassurance.Anyway, nowadays customer individual needs in high tech. environments are characterized by sudden changes related to unpredictable fashion. Even, consumers concern about how to preserve new product' competitive technological standard is completely incompatible with technological uncertainty. The most important factor is the prevalence rate of any new products development process, which is influenced by slower than of traditional products. In many cases high-tech. automatic product market are being materialized slower than which are expected. The technological uncertainty challenges will exist in development process, such as uncertainty related to the timetable for development of the question whether the new product will be function as promised. In automatic high-tech. industries, the time requires for product development is difficult to predict as , commonly, it takes longer than expected , uncertainty related to unanticipated consequences and uncertainty about the product life cycle related to competition products. In conclusion, these factors will influence new automatic technology product development process unsuccessful, so UK manufacturers will need to concern on any high technological automatic product's manufacturing process.Future economists predict automatic technology how to influence future UK economyBefore, all over the world presented picture of demonstrate in London on the occasion of the meeting of the G20. Some economists indicated disastrous economy consequences will occur to any one of Western country , such as UK, so if any one of Western country did not consider automatic technology development to itself country. They indicated one example, such as material incentives to produce disappeared throughout Russia and, when Society leadership called off the experiment, the country faced industrial output reduced to 10% of what had been registered in 1914 and agricultural output reduced to such low levels as to cause widespread famine.Why would UK encounter disastrous economy consequences if UK government did not encourage manufacturers spend money to invest to innovate automatic technology industry? According to a variety of anthropological studies, a collectivity is unable to operate efficiently with everybody giving talent workers have chance to devote whose best effort to manufacture any high technological products, e.g. human intelligence vehicle or airplane.
Download or read book Handbook of Research on IoT Digital Transformation and the Future of Global Marketing written by El-Gohary, Hatem and published by IGI Global. This book was released on 2021-06-25 with total page 471 pages. Available in PDF, EPUB and Kindle. Book excerpt: The business world today is changing enormously due to many factors that affect every element of the business cycle worldwide. From globalization to recession, in addition to other environmental forces, companies today face numerous challenges that have a great impact on business. Among the factors that are affecting the current way business is conducted are the emergence of marketing tools including the internet, internet of things (IoT), virtual reality, mobile applications, social media, electronic word of mouth (eWoM), artificial intelligence, digital marketing, and more that have a great impact not only on customers but also on companies. It is imperative for businesses to embrace the utilization of these tools in order to expand their customer base and provide unique, successful consumer experiences. The Handbook of Research on IoT, Digital Transformation, and the Future of Global Marketing provides comprehensive coverage of current global marketing trends related to the use of technology. The book links the industry with academia by providing useful insights on how to improve businesses’ ability to create and customize customer value and loyalty. Covering topics including e-commerce, mobile marketing, website development, and phygital customer experiences, this book is essential for marketers, brand managers, advertisers, IT consultants and specialists, customer relations officers, managers, practitioners, business owners, marketing and business associations, students, researchers, and academicians interested in incorporating the latest technologies and marketing strategies into their businesses and studies.
Download or read book Future Technology How Influences Consumer Behavior Change written by Johnny Ch Lok and published by . This book was released on 2021-03-26 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt: Nowadays, the current technological changes of humans and machines, but rather an opportunity for work to truly become a channel though which human recognize full potential. As US is a high technological developed country. I assume many US employers will choose to act to be the first high technological and invention manufacturing leader to encourage which labors need to learn high technological production methods to prepare manufacture any new technological products to sell in the future US domestic or foreign both markets. Thus, it is possible that future high technological manufacturing labor numbers will be shared large go e.g. 50 to 60% future total US labor market.How can future US labor market affect job creation and productivity growth? US future economic growth requires factor reallocation across US firms and continuous replacement of technologies. US labor market influences US economy dynamism by their impact on the supply of a key factor, skilled workers to US new and expanding firms, US growth -favoring labor market includes portable pension plans and health insurance united to the current US employers, individualized wage-setting and US public income insurance systems that encourage mobility and risk taking. US future economic growth arises as production shifts from less to more successful firms though the reallocation of factors of production . US labor market can advance restructuring. Overly regulations tend to create a system in which a large share of economic activity occurs in US small firms without the ability to grow. US labor market should be organized to promote potential high growth US firms, especially through decentralized and individualized wage setting, portable jobs.In the future, US will have many key importance of high growth firms. US capitalism entails a process of creative destination. New ideas continuously challenges act structures, giving rise to structural transformation as successful innovations and new products firms and industries will arise and obsolete ones will decline in US society. Martin, J. P. (2012) studies pointed to high-growth forms ( sometimes known as gazelles) as the main drivers of this process. In the US, an estimated 1% of firms creation 40% of all new jobs and 5% create almost 70% of new jobs. A review of the studies of US firms growth reveals some common findings . US high-growth firms are crucial to net job growth, generating a large share of all net jobs . This is particularly pronounced in recessions, when US high-growth firms continue to grow when other US firms deadline. US small firms are over-represented among high-growth firms, but these US firms come in all sizes . A small subgroup of large high growth firms are major job creators. Such as US high -growth firms are younger on average, US young and small high high-growth firms grows, not through mergers and acquisition and make a larger contribution to net employment growth than do US larger and older higher growth firms, high growth firms are present in all industries. Through they are slightly overrepresented in service industries in US.Some economists predict that future US will be a flexible labor market, the marginal product of labor and the average wage in an industry should tend toward equally across US firms. Taking advantage of a legislative change to raise cost to US employers a study measured the gap between the marginal product of labor and the average wage in an industry before and after the reform. The gap increased after the legislation, which suggests that the legislation reduced allocative efficiency. Their studies have suggested that total factor productivity could increase by as much as 30% in China and India of they were to attain the US level of allocation efficiency across firms within individual industries.
Download or read book FUTURE UK AND US TECHNOLOGICAL DEVELOPMENT DIFFERENCE written by John Lok and published by . This book was released on 2022-02-04 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book divides three parts. The first part explains what future technology factors will influence US economy development. The second part explains what future technology factors will influence UK economy development. The final part that I shall give some economy theories to explain why these kinds of technological factors can influence future these both countries' economy growth. It brings these two questions: What are future influential technological development trend to US and UK? Can technological resource shortage threaten UK and US technological service or product manufacturing industries development ?
Download or read book How Future Technology Development Influence Human Living Standard written by Johnny Ch Lok and published by Independently Published. This book was released on 2018-10-17 with total page 180 pages. Available in PDF, EPUB and Kindle. Book excerpt: PrefaceI write this book aims to explain how future technology change will influence human living of standard. I suppose that human living of standard will become better if future human technology will be improved. Otherwise, human living of standard will become worse if future human technology won't be improved, even will be fallen down. I shall give US and UK technologies development past and present evidences to explain how their technologies development will improve human living of standard. I hope readers can make personal judgement to evaluate whether technology development will improve human living of standard. This book divides three parts. The first part explains what future technology factors will influence US economy development. The second part explains what future technology factors will influence UK economy development. The final part that I shall give some economy theories to explain why these kinds of technological factors can influence future these both countries
Download or read book Competitive Factors Influencing World Trade in Semiconductors written by United States. Congress. House. Committee on Ways and Means. Subcommittee on Trade and published by . This book was released on 1980 with total page 104 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Future Technology Development Influences Human Living Standard written by Johnny Ch LOK and published by . This book was released on 2018-02-28 with total page 180 pages. Available in PDF, EPUB and Kindle. Book excerpt: I write this book aims to explain how future technology change will influence human living of standard. I suppose that human living of standard will become better if future human technology will be improved. Otherwise, human living of standard will become worse if future human technology won't be improved , even will be fallen down. I shall give US and UK technologies development past and present evidences to explain how their technologies development will improve human living of standard. I hope readers can make personal judgement to evaluate whether technology development will improve human living of standard. This book divides three parts. The first part explains what future technology factors will influence US economy development. The second part explains what future technology factors will influence UK economy development. The final part that I shall give some economy theories to explain why these kinds of technological factors can influence future these both countries' economy growth.This book part one and two concern to be given on my opinions and some economists' opinions to UK and US both countries government and businessmen what will be the most urgent important needs to develop on the technological product investments aspect. I shall indicate the online teaching technology and environment protect technology, such as natural energy, farming environment protect technology etc. as well as automatic technology in manufacturing industry , such as human intelligence products to give my reasons and some economists' reasons to explain to support why these three technological developments will be valid to invest to develop to UK society in the future. In this book three part, I shall give reasons to explain why some economy theories can be proved to satisfy these technological factors requirement to predict which can influence US and UK future economic growth. The economy theories include: welfare economic theory, Kaldor -Hicks efficiency theory, Pareto improvement theory, industrial production and pollution economy theory, natural rate of unemployment theory. Finally, I hope readers can attempt to analyze whether these economic theories can be applied to explain whether these technological factors can assist US and UK future economic growth.My view point and the economists both view point will be valid to be judged whether these three new technological development will be the most urgent important needs among other technology development to UK and US society within ten year. I hope that our ideas can assist UK and US government and businessmen to make the right decision to concentrate on developing these three technological development within ten years.
Download or read book Future Technology Development Predictive Direction written by Johnny Ch Lok and published by Independently Published. This book was released on 2019-05-04 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt: A growing concern of premature de-industrialization in energy and developing countries could require new models and a need un-skillful the UK workforce. In the future, the best way toward for UK cities will reduce their exposure to automation is to boost their technological dynamic and attract more UK skilled workers. Automation technology progress can give UK manufacturers' employee benefits, such as long term healthy productivity improvement, raising productivity efficiency and product quality, macroeconomic and microeconomic effects of automation technological change, it's change will be beneficial to UK society, i.e. automation active labor market policies, which could help UK job seekers find jobs from training to incentive to support self-employment to create high technological job employment chance in UK society. So, raising science, technology, engineering and math subjects update skills level are needed to UK any universities, which can be increasingly important in UK society, these factors could complicate the ability of UK high automation technology education to adopt to the UK automation manufacturing technological change. A talent mismatch already exists in UK, with many well UK educated workers can find employment in lower-skilled jobs. To combat this, greater coordination will be needed between the education, training and employment sectors in UK society.Why are high automatic technology product development models needed to research to UK any manufacturers? UK government and manufacturers need to consider how to achieve high technology product development models. According to Hauser et al. (2006) indicated the high technology (high tech.) development process, is influenced by the innovative process, bringing products on exception value which stimulate product market demand. Innovation provides products the specific basis for which world economies compete with each other on the global market. Able to find new solutions, innovations generate significant changes in existing markets, destroy them, or create new marketing ( Hauser et al. 2006). So, UK manufacturers need to concern on any manufacturing high technology product development process because which can influence any new products development to manufacture to sell to any overseas or domestic both markets successfully.What is high tech. product meaning? Mohr et al. (2010) argues that there are two reasons why it is important to clarify and specific high technology: (1) due to the impact of technologies on the economy, attempts are made to classify economic production and incomes; (2) due to the impact of high tech. on the environment. Standard marketing strategies are being modified and adopted, therefore, it is necessary to know the products to focus on. Why UK manufacturers need to consider high technological product process. Nowadays, high tech. products are complex, advanced, requiring specific technical knowledge, which is technologically not discontinued and being produced at the companies which have twice as many technical personnel and invest twice as many in scientific research and development than other companies. Moreover, these products are time-sensitive as scientists are continuously searching for new approaches for invention of more advanced technologies which make all preceding ones lower-ranking. The most important, nowadays global consumers will adopt the particular technology. It means that global customers may delay adopting new high-tech. products and in order to mitigate the prolonged uncertainty require a high degree of education and information about the product and need post-purchase reassurance.
Download or read book The Fourth Industrial Revolution written by Klaus Schwab and published by Currency. This book was released on 2017-01-03 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt: World-renowned economist Klaus Schwab, Founder and Executive Chairman of the World Economic Forum, explains that we have an opportunity to shape the fourth industrial revolution, which will fundamentally alter how we live and work. Schwab argues that this revolution is different in scale, scope and complexity from any that have come before. Characterized by a range of new technologies that are fusing the physical, digital and biological worlds, the developments are affecting all disciplines, economies, industries and governments, and even challenging ideas about what it means to be human. Artificial intelligence is already all around us, from supercomputers, drones and virtual assistants to 3D printing, DNA sequencing, smart thermostats, wearable sensors and microchips smaller than a grain of sand. But this is just the beginning: nanomaterials 200 times stronger than steel and a million times thinner than a strand of hair and the first transplant of a 3D printed liver are already in development. Imagine “smart factories” in which global systems of manufacturing are coordinated virtually, or implantable mobile phones made of biosynthetic materials. The fourth industrial revolution, says Schwab, is more significant, and its ramifications more profound, than in any prior period of human history. He outlines the key technologies driving this revolution and discusses the major impacts expected on government, business, civil society and individuals. Schwab also offers bold ideas on how to harness these changes and shape a better future—one in which technology empowers people rather than replaces them; progress serves society rather than disrupts it; and in which innovators respect moral and ethical boundaries rather than cross them. We all have the opportunity to contribute to developing new frameworks that advance progress.
