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Technological Revolutions Part 2

Bri Boysen and Shayna Blumenthal. Technological Revolutions Part 2. Core Concepts. Financial Capital Criteria and behavior for those agents who possess wealth in the form of money or other paper assets Production Capital

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Technological Revolutions Part 2

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  1. BriBoysen and Shayna Blumenthal Technological RevolutionsPart 2

  2. Core Concepts • Financial Capital • Criteria and behavior for those agents who possess wealth in the form of money or other paper assets • Production Capital • Embodies the motives and behaviors of those agents who generate new wealth by producing goods or performing services

  3. ANALYSIS OF SMART PHONES AND THE CURRENT FRENZY:The journey from 1G to 4G

  4. Timeline • 1G – 1973 to 1990 • 2G – 1990 to 2002 • 3G – 2002 to 2011 • 4G – Present day

  5. Irruption – First Phase • 1973 • The first handheld cell phone was developed in the US by Motorola • 1996 • Nokia 9000 first smartphone • 2002 • First Blackberry released • 2007 • iPhone released

  6. Risky Business • By definition, technological revolution implies risk • New products, unknown markets, no guarantees • Would society favor the cell phone?

  7. “By the end of Irruption, the technological revolution is hugely successful, but there is not enough of it; the old industries that are not disappearing show disappointing profits and modernization can be a difficult and often protracted process with relatively high risks. The clearly favorable externalities and institutions that will propel the diffusion of the new paradigm are not yet there.”

  8. Frenzy – Second Phase • Crisis, mania • Bifurcation • Increasing tension • Current phase with invention of Smart Phone • iPhone and Android compete • Microsoft enters competition

  9. Nokia’s Partnership with Microsoft • Feb. 11, 2011 • Initial agreement • April 21, 2011 • Officially signed • Will this partnership be successful in competition?

  10. Synergy – Third Phase • Not there yet. When will we get there? • We will see increased employment and the extension of markets, according to Perez

  11. Maturity – Fourth Phase • A long ways away • Defined with success and prosperity • Eventually fades away with ‘big bang’ of next surge

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