Technological innovation, newly emerging customer needs and socio- economical changes can lead directly to emerging industries....

 

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Technological innovation, newly emerging customer needs and socio- economical changes can lead directly to emerging industries. During our contact day we discussed a number of these emerging industries i.e. the internet, robotics, intelligent artificial assistants amongst others and the fact that initially there are 'no rules of the game. Against the knowledge that a wise strategy positions an organisation to neatly shape the emerging industry's rules, critically discuss the specific business strategies which must be shaped to accommodate the characteristics of an emerging market: (10) Technological innovation, newly emerging customer needs and socio- economical changes can lead directly to emerging industries. During our contact day we discussed a number of these emerging industries i.e. the internet, robotics, intelligent artificial assistants amongst others and the fact that initially there are 'no rules of the game. Against the knowledge that a wise strategy positions an organisation to neatly shape the emerging industry's rules, critically discuss the specific business strategies which must be shaped to accommodate the characteristics of an emerging market: (10)