Final answer:
1. It is important for organizations to determine when a technology is changing an industry and to define the strategic influence of the new technology.
2. The extent to which a firm can protect inventions stemming from research also influences its use of technology.
3. The self-sustaining nature of technology relates to the fact that technology acts as a catalyst to spur even faster development.
4. Mobile devices and consumers' increasing use of the Internet have changed how people communicate and how marketers reach consumers.
5. Technology determines how members of a society satisfy their physiological needs and has vastly improved communications.
Step-by-step explanation:
Recognizing when a technology disrupts an industry is crucial for organizations to stay competitive. Identifying these shifts allows companies to adapt strategies, innovate, and sometimes redefine their entire business models to leverage the new technology. For instance, the advent of blockchain technology disrupted traditional finance by offering decentralized and secure transactions.
The ability to safeguard inventions resulting from research significantly impacts a company's technology utilization. Patents, copyrights, and trade secrets allow firms to protect their innovative products or processes, granting them a competitive edge and control over how the technology is used. This protection incentivizes further investment in research and development as companies feel more secure in their ability to capitalize on their inventions.
The self-sustaining nature of technology stems from its catalytic effect on development. Technological advancements often serve as a foundation upon which further innovations are built. Each breakthrough leads to new possibilities and capabilities that stimulate additional discoveries and improvements, forming a cycle of continuous progress. For instance, the evolution of artificial intelligence algorithms has not only revolutionized various industries but also propelled advancements in computational power and data processing, further fueling AI development.
The proliferation of mobile devices and the internet has fundamentally transformed communication patterns and marketing strategies. The ubiquitous use of smartphones and the internet has reshaped how people interact, shifting from traditional modes like face-to-face or landline conversations to instantaneous and global digital communication. This shift has prompted marketers to adapt their strategies, focusing more on digital platforms, social media, and personalized targeting to reach their audience effectively.
Technology plays a pivotal role in satisfying basic human needs and enhancing communication. From the development of language to the creation of the internet, technology has significantly improved communication by overcoming barriers of distance and time. Today, it enables instant global communication, breaking down geographical boundaries and allowing for real-time interaction across continents.
Correct answer: strategic influence, protect, self-sustaining, communicate, satisfy