STRATEGIC RESPONSES TO TECHNOLOGICAL THREATS.
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Abstract
The article reports on technological innovations that have the capability of transforming industries. The author focuses on examining the aforementioned technology from the viewpoints of professionals working in the industries that the innovations are capable of transforming. The results of a study examining the effects technological innovations have had on industries including the steam locomotive industry, the fountain pen industry, and the safety razor industry are examined. In each of these cases, existing technology was forced to compete with newer technology. Sales statistics from each industry are examined to determine the effect of innovation adoption.