Posted on Aug 9, 2023
Summer School 5: Tech and the innovator's dilemma : Planet Money
403
6
1
4
4
0
https://www.npr.org/2023/08/09/ [login to see] /summer-school-technology-innovators-dilemma-disruption
For anyone running a business, technology is both threat and opportunity. Today, we run through techniques entrepreneurs can use to take advantage of technology or defend against the dangers. It's not just about the product you're selling. It's about consumer psychology, and ethics, and taking calculated risks to navigate uncertainty.
But, since this is Planet Money Summer School and we want to set your business on the path to riches, we're going to talk about how to use tech to dream big. Maybe more than anything, technology creates opportunities for the little guys where the big established companies can't be so nimble or have too much to lose.
Take the classic concept of the innovator's dilemma: a company that innovated and succeeded, now faces a choice about any disruptive new technology. Do they change with the times? Do they risk tossing out their existing advantage and switch to the new tech, or play it safe and risk becoming obsolete?
For anyone running a business, technology is both threat and opportunity. Today, we run through techniques entrepreneurs can use to take advantage of technology or defend against the dangers. It's not just about the product you're selling. It's about consumer psychology, and ethics, and taking calculated risks to navigate uncertainty.
But, since this is Planet Money Summer School and we want to set your business on the path to riches, we're going to talk about how to use tech to dream big. Maybe more than anything, technology creates opportunities for the little guys where the big established companies can't be so nimble or have too much to lose.
Take the classic concept of the innovator's dilemma: a company that innovated and succeeded, now faces a choice about any disruptive new technology. Do they change with the times? Do they risk tossing out their existing advantage and switch to the new tech, or play it safe and risk becoming obsolete?
Summer School 5: Tech and the innovator's dilemma : Planet Money
Posted from npr.orgPosted in these groups: 
Technology
Business
Technology Business
Posted 9 mo ago
Responses: 1
1
1
0
PO1 William "Chip" Nagel
..."He'll explain the shape of how new technology gets adopted, sometimes called the S curve. We'll also hear examples of what stops promising new tech from taking off: from dishwashers to driverless cars, and even the humble elevator.
The series is hosted by Robert Smith and produced by Max Freedman. Our project manager is Julia Carney. This episode was edited by Alex Goldmark and engineered by Josephine Nyounai. The show is fact-checked by Sierra Juarez."...
..."He'll explain the shape of how new technology gets adopted, sometimes called the S curve. We'll also hear examples of what stops promising new tech from taking off: from dishwashers to driverless cars, and even the humble elevator.
The series is hosted by Robert Smith and produced by Max Freedman. Our project manager is Julia Carney. This episode was edited by Alex Goldmark and engineered by Josephine Nyounai. The show is fact-checked by Sierra Juarez."...
(1)
(0)
Read This Next
Continue with Facebook 
Continue with Google