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Rapid Technological Innovation: Short Competitive Advantage

The case study:
With the realities of today's rapid technological innovation and the realities of the current economy, competitive advantage only exist for a short time and are quickly outdated.
-Determine if you agree or disagree with this statement.
-Substantively state your position and defend it.

This solution agrees with how rapid changes in technology result in very short-lived competitive advantage. Once a "new" invention is created, such as the iPad tablet, "copycat" products are quick to hit the market. For manufacturers, such as Apple, it is a very short run of having a "new product" on the market.

Solution Preview

Rapid technological innovation does create a scenario where competitive advantage may exist for only a short period of time. For example, Apple is widely known as being an innovator with their products, such as the iPod, iPhone and iPad. But once the technology has been ...

Solution Summary

This solution is over 150 words and includes a reference. It addresses the statement on whether the rapid evolution of technology creates short-lived competitive advantages. Examples utilized in support of this statement is with the explosion of tablets and how Apple was once the leader with the iPad - but not for a long duration.