Question:
You will prepare a number of short papers on various topics. These papers are an opportunity for you to respond to an issue drawn from the reading for the module. In this module, you will develop a short paper on the overview of technological innovation.
Technological innovation is now often the single most important competitive driver in many industries. Many firms receive more than one-third of their sales and profits from products developed within the past five years.
Perform research on the history of technological innovation. Focus on technological innovation from the last five years. Select one innovative product to discuss and research the product.
Write a short paper addressing the following:
Provide a brief history of technological innovation.
Describe how technological innovation impacts competition.
For your selected product, address the following:
In what way is your selected product innovative?
What is the competition for this product?
How does the firm making this product receive sales and profits from the product?
Support your position using appropriate sources that are properly cited. The paper should be approximately 2-3 pages in length (not including title and reference page). It must be formatted according to APA (6th ed.) standards including the title and reference page.