Technological factors
Technological factors can
lower barriers to entry, reduce minimum efficient production levels, and
influence outsourcing decisions. Some technological factors include:
Ø R&D activity
Ø automation
Ø technology incentives
Ø rate of technological change
Technological factors of Nokia
In the communications
market technology is perhaps the most important factor that companies like
Nokia have to take into consideration. They have to keep up to date with all
the newest technological advances (like camera and motion capture phones) if
they are going to capture the biggest market share and stay ahead of their
competitors (Sony and Siemens).
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