TECHNOLOGY INNOVATION Essay Example | Topics and Well Written Essays - 1000 words

TECHNOLOGY INNOVATION - Essay ExampleFor example, in the case of an cable car manufacturer that is unwilling to develop a hybrid electric vehicle, competence will actually be lost preferably than gained. Competency is a major factor in this case.Fuel-cell vehicles, on the other hand, atomic number 18 a more than radical innovation that necessitates more significant changes to be made to the body of a vehicle, to its engine, and to the fueling infrastructure. Consumer behavior is also affected more radically, as the technology involved whitethorn be unfamiliar to some consumers, necessitating a change in attitude or thinking (Honda, 2009). Some may argue that fuel cell vehicles ar competence-destroying for the fossil oil companies, which exist dependent on the status quo of petroleum based engines, and perhaps even for many automakers. They might be competence enhancing for battery makers, since the vehicles will require much larger batteries. Until we know more to the highes t degree the changes consumers will have to make to use fuel-cell vehicles, it is arduous to assess whether the technology will be competence enhancing, competence destroying, or competence neutral for them. It would expect to be a situation in which there are currently too many variables many are waiting for governments and infrastructure manufacturing private entities to choose one type of fuel technology. Currently, the field is rather crowded with options. The issue is bound to be simpler in the future, if there is a single standards of a more ecologically friendly vehicle, and a single accepted technological change.2Judging by the Honda case, I think that five main factors will influence the rate at which hybrid electric vehicles are adopted by consumers. The first, and perhaps most obvious, of these factors, is price. While many people are talking about a greener future and reducing individual carbon footprints in todays ecologically