Abstract: High-technology markets have a tendency to be extremely dynamic, undergo periods of rapid market growth, and exhibit market-based developments that align with a firm’s lifecycle, which is generally based upon the influence(s) exerted upon them by innovation within the market space. Likewise, how firms navigate the market will depend on the types of innovation(s) they experience, their corporate size, the amount of time spent within selected market positions, and the projects they ultimately implement. These various elements will ultimately shape how a firm manages projects and its associated organizational structures. The question is how managers do and entrepreneurs know what to do in the face of periods of changing market conditions? This paper explores the rational underlying the change from agile early start-up companies that grow and mature into increasingly rigid organizational structures that influence the types of projects as the firms progress along the high-tech lifecycle. The type and attitude of customers also evolves through time and this also has to be taken into consideration as each stage of the lifecycle will have customers with different drivers and requirements influencing their purchasing decisions. This paper uses the Lifecycle Theory to analyze this phenomenon and explain how and why this evolutionary process occurs within the market, including the factors and characteristics associated with projects during various market phases throughout the lifecycle. Ultimately, this exploration illustrates the evolutionary process firms undergo in relation to the implementation of innovation strategies within high-tech market spaces. The implications to industry include enabling entrepreneurs and managers to recognize and react to the complexity of the multi-dimensional changes in the market, strategically plan their next steps for their compay’s project management approach, product development, portfolio development, and to gain insight to competitor’s actions.Abstract: High-technology markets have a tendency to be extremely dynamic, undergo periods of rapid market growth, and exhibit market-based developments that align with a firm’s lifecycle, which is generally based upon the influence(s) exerted upon them by innovation within the market space. Likewise, how firms navigate the market will depend on the types of...Show More
Nicholas Simon Gonchar*,Olena Petrivna Dovzhyk,Anatoly Sergiyovych Zhokhin,Wolodymyr Hlib Kozyrski,Andrii Pylypovych Makhort
Issue:
Volume 10, Issue 1, February 2025
Pages:
11-15
Received:
24 March 2025
Accepted:
19 April 2025
Published:
29 April 2025
DOI:
10.11648/j.ajmse.20251001.12
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Abstract: The Ricardian model of world trade based on comparative advantage is not sufficient to justify equal trade relations. The existing model of trade relations does not explain the distribution of income among trading countries. This paper presents a method for building equitable trade relations. Its essence is to present an algorithm for building such trade relations, based on the previously proposed model of world trade, that the trade balance of each country would be equal to zero. Under such conditions, tariff wars would become impossible. It is proved that, provided that the supply structure is consistent with the demand structure, it is always possible to build an equilibrium price vector for which the trade balance of each country is zero. This state of economic equilibrium is called ideal. The article presents an algorithm to build an export structure based on the structure of imports. This algorithm is quite simple and allows for a wide range of applications. Under fairly simple realistic assumptions about the behaviour of countries trading with each other that are subject to tariff restrictions, it is proved that this leads to an increase in the prices of the goods traded by these countries. Among the equilibrium states, there are also those called oversupply states. The latter describes the phenomenon of recession. This contributes to a fall in stock market indices.
Abstract: The Ricardian model of world trade based on comparative advantage is not sufficient to justify equal trade relations. The existing model of trade relations does not explain the distribution of income among trading countries. This paper presents a method for building equitable trade relations. Its essence is to present an algorithm for building such...Show More