Consider the technological adoption life cycle. Investigate companies in your country and determine where they are...
Consider the technological adoption life cycle. Investigate companies in your country and determine where they are on the lifecycle and why you have placed them at this point
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Answer-
The company which I am going to take is Maruti Suzuki Car company which is a nearby company of India. The company is supposed to be the number 1 company as far as deals, nature of item, client adaption and piece of the overall industry in India.
Maruti Suzuki is having 51% piece of the pie in India which only the greater part of the market while other large monster companies like Hyundai and others have 7-8% each in Indian mainland. So now we should discuss where this company is lying with regards to technological embracing.
· Early Majority: The company Maruti Suzuki concentrates more on nature of the item as opposed to tenderizing new and cutting edge innovation to the item since clients in India incline toward quality items over new innovation yet gradually the pattern is changing towards technological items.
In the wake of examining all the components I am keeping Maruti Suzuki in Early Majority stage in light of the fact that the company carries technological progression to the item late. The company is still not having sunroof in any of their vehicles. Expected to come in 2021
The following company which I am taking is Tata Car company which is additionally a neighborhood company in India yet have not many well known names like Range Rover, Jaguar under its proprietorship. Goodbye vehicle share has been expanding by a tremendous edge since most recent couple of years in light of the fact that the company has begun tenderizing most recent advancements in their item that too with unrivaled quality. . So now how about we talk about where this company is lying with regards to technological receiving.
Early Adopters: As soon as the innovation comes into the market, you will discover a Tata vehicle with those particular and advances following 3-4 months. Goodbye most recent vehicles like Harrier, Nexon and Altroz are the ongoing instances of most recent propelled vehicles in India.
Goodbye harrier is the main Indian vehicle which Panaromic Sunroof in India and Tata Nexon is the main Indian made electronic vehicle in India.
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