Thursday, December 9, 2010

How technological innovation affects competition?

In these days technology is very valuable in our daily lives, we can observe that almost everything are much related to technology.
When we hear the word technological innovation, the usual things or words that comes in our minds is that it is a business which is broadcasted or advertised using the internet. Well what we think is correct for as what I have understood about what we discussed today is that, technological innovation is the procedure through which new technologies are developed and brought into widespread use.
Competition is a contest between individuals or groups, or in a simple word it is a rivalry between individuals or groups. We can observe this rivalry or competition when there are things that some individuals are competing for.
So, how technological innovation affects competition? For me, technological innovation really affects competition, I can say so for by the word itself technological innovation there is a big advantage in it for, it is well developed and it has its uniqueness from others.
It also has its own different kind of technologies. With the use of this technological innovation, buyers or costumers will be captured by the well developed features. For we people are searching for a unique technologies, that would really satisfy what we are looking for.

What type of company I wish to set up?

What type of company I wish to set up?
Putting up a company is not that easy, it takes a big effort for you to put up a company, it has also many things to consider and most especially the money that you will spend. When you set your company up you need to decide of what company you are going to set up.
“It’s important to understand how best to structure your company, as your status can have both legal and practical implications”,we have to put in our minds or consider this quote that i’ve read while surfing the internet for it is really true, you really have to understand or analyze first before coming up into quick decisions.
I never dream of being an entrepreneur, but if given the chance of putting up a company i would wish to set up a company of clothings. I choose this company of clothing for I do love fashion and I am having fun when I am looking to models wearing different kinds of dress and jeans, for jeans and dresses never run out of style.
I also thought of owning this kind of company for I know that all of us needs clothing , surely they will really buy in my company and this will help my company to be progressive and successful.
That is the company that im wishing to set up someday, and here ends my article about the given topic.