Although the market is booming, it is characterized by intense competition and rapid technological development. Ericsson – the manufacturer on mobile phone handsets – has recently seen its market share drop within this growing market. These difficulties are largely attributed to the delay in launching a key product (The T28). The company is quoted as stating that the T28 was nearly a year late and that they had to cancel the T36 because it had only a short market life. Such delays caused Ericsson to miss out on demand for low-cost handsets aimed at the expanding pre-pay mobile phone market. From the SCENARIO above discuss the activities at the commercialization stage of the product life cycle and their implication to Ericsson. Explain Strategy options that Ericsson may have pursued. Why is the technological environment such a dramatic force in today's market? Support your arguments with the scenario above.
Although the market is booming, it is characterized by intense competition and rapid technological development. Ericsson – the manufacturer on mobile phone handsets – has recently seen its market share drop within this growing market. These difficulties are largely attributed to the delay in launching a key product (The T28). The company is quoted as stating that the T28 was nearly a year late and that they had to cancel the T36 because it had only a short market life. Such delays caused Ericsson to miss out on demand for low-cost handsets aimed at the expanding pre-pay mobile phone market.
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From the SCENARIO above discuss the activities at the commercialization stage of the product life cycle and their implication to Ericsson.
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Explain Strategy options that Ericsson may have pursued.
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Why is the technological environment such a dramatic force in today's market? Support your arguments with the scenario above.
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