SMS 145 – A Cost Effective Approach to Technology

A Cost Effective Approach to Technology

The problem with technology:

  1. Product lifecycle – built in obsolesces
  2. Brand ecosystem – ties you to a brand
  3. Peripheral equipment – requires endless accessories
  4. Compatibility issues

Uses of technology:

  1. Entertainment
  2. Convince
  3. Essential – cell phone, GPS
  4. Critical – medical, employment

Approaches to technology:

Early adopter

The Good:

  • You get the latest products – status
  • By working through the issues you become a product expert

The Bad:

  • very expensive products
  • products are in the developmental stage

Mainstream adopter

The Good:

  • You get the latest products – status
  • By working through the issues you become a product expert

The Bad:

  • very expensive products
  • products are in the developmental stage
  • expensive because demand is high

Late adopter

The Good:

  • substantially reduced price
  • fully tested product
  • Second hand market

The Bad:

  • do not get the latest features
  • lifecycle time has elapsed
  • compatibility issues
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