Title: Evaluating the Impact of Regulations and Alliances on the Sixth Generation of Technology and Innovation Management

Issue Number: Vol. 11, No. 1
Year of Publication: 2021
Page Numbers: 1-11
Authors: Karim Mualla, Sameen V. Puri, Krishan Raithatha
Journal Name: International Journal of Digital Information and Wireless Communications (IJDIWC)
- Hong Kong

Abstract:


Technology management in recent years has proven that today’s success is the enemy of tomorrow's success. Recent technology management examples show that the unstable, and rapidly evolving innovation virtuous cycle spins faster than ever in nearly all industries. In the last two decades, the technology market has seen hyper successful companies such as Nokia and Kodak, suddenly and drastically lose market edge. These firms have failed not for the lack of abundant R&D resources, top employees, or in-depth market knowledge. This shortcoming was due to overlooking crucial innovation opportunities to abandon internal and current successful paths and business models, and exploit radical and disruptive innovations for future competitive advantage. These companies, amongst others, were busy managing daily processes of current clients, instead of envisioning future opportunities. This negligence has affected the balance of disruptive innovations which either increases the customer value of a product or a service, or lowers their cost, and therefore creates a competitive advantage. This paper evaluates through recent case studies, the correlating impact of regulations and alliances on the sixth generation of Technology Innovation.