QUESTION 2!

Discuss how technological change might create entrepreneurial opportunities. Identify three current technological changes and comment on the opportunities they create.

Part 1

Discuss how technological change might create entrepreneurial opportunities.1) first mover2) support for new tech3) new markets4) support for old tech/changeover5) technology provide new ways to do business

Part 2Miniaturization

Allows people to hold computational power in their pockets, creates expectations for constant connection and access to information.

new ways to market - push ads to users based on location etc

Support new devices eg. application development

1) miniaturization2)3) cloud computing

Part 2

Augmented Reality and Location Tracking

• new ways to market - push ads to users based on location etc

• support for such marketing for slower-moving firms• creation of products

eg Layer Reality Browser - not yet biz focused.

Part 2

Cloud Computing

Movement of data and applications online

• Reduce cost of hardware• Allow users access to company apps without installation• Provide specialised cloud services