Question

In the summer of 1998, Dr. Rumelt, a professor and consultant, got an opportunity to talk with Steve Jobs about strategy. Rumelt argued that everything we know about the PC business says that Apple cannot really push beyond a small niche position. The network effects are just too strong to upset the PC standard. He then asked for Jobs’ strategy. Jobs said, "I am going to wait for the next big thing." Nearly twenty years later, Apple is the most valuable publicly traded company in the world. This story shows that in the context of strategy, the tech market is ________.

Answer 1

Answer:

The tech market is dynamic

Explanation:

The reason is that at that time the tech solutions were not highly demanded because of the lower number of users at that time which means that the riskiness of tech investment was high and till today. That's the reason why tech companies are the highly valued organizations of the world. The world is changing all because of the fact the tech is revolutionizing the industry and the consumer choices. The higher risk of tech companies is because the newer technology gets in the market so fast that the company's product may be rejected in the way that its decrease in product sale will sufficiently increase the losses which we can't assume. Just take a look at Dell, Konika, or other tech companies. These companies were most valued companies in the world and today these are loss making engines. So the answer is correct the tech market is dynamic market because the tech inventions can change the tech market anytime.