- Name three factors that impact how a new technological innovation fits existing market conditions
- Path dependency: the future is an extension of the past, and you must take into account the history of developments that are already embedded in commerce. For example the keyboards. There have been other ones (that are even better) but nobody uses them because they are so used to QWERTY keyboards already.
- Network effects which means that the more people use a service/product, the higher the value for the new users.
- Government regulations
- Name 2 factors that impact the “market window of opportunity. “
- The hype cycle
- The technology adoption cycle
- Name a product that is currently being used by early adopters only.
I would say Apple Pay. It is available for customers to use since 2014. But only a few people are using it for now.
