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What are the risks for companies moving into new areas of business made possible by fast-changing technology?

Essay specific features

 

Issue:

Business

 

Written by:

Gladys T

 

Date added:

October 9, 2016

 

Level:

University

 

Grade:

A

 

No of pages / words:

4 / 876

 

Was viewed:

8045 times

 

Rating of current essay:

 
Essay content:

But the decision to move into these new areas of work is not so easy. When a new market is created out of technological advancements there are two things a company can do: be the first to service the market hoping to grab an early customer base, or secondly they can enter the market later but with a product that is superior in some way...
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Marina believes that Apex would have a sufficient amount of interest in the new products that would come from existing customers. These customers would expect the same quality of product that they received in earlier dealings with Apex. Now if Apex were to try to become the early bird in web design as the internet developed, it is possible their product would not be up to scratch...
displayed 300 characters

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