Continous Growth of Entrepreneurship
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Breadcrumbs: The Future of Ubiquitous computing in 2025 --> Economical Driving Forces --> Entrepreneurship
Description
One of the basic competencies of both new and established businesses is to look for business opportunities. Fierce competition in the ICT sector, globalization forces and easy ways to start new businesses encourage the search for gaps in the market.
New technologies represent possible source of income that can become a considerable part of companies' revenues. Many young companies that have brought wealth to their shareholders (such as Google, YouTube, etc.) motivate entrepreneurship in innovative technologies.
Enablers
- The basic purpose of each and every business = generate profit
- Trend for innovation
- Shortening product cycle
- Search for competitive advantages
- Search for higher margin products
Inhibitors
- Risk of introducing new technology that might fail such as Iridium satellite phones, Sony's Betamax standard, etc.
- Need for R&D investments
- Underdeveloped ubicomputing infrastructure