ADMS 1000 Study Guide - Final Guide: Consumer Protection, Gold Rush, Protectionism

• School: York University
• Department: Administrative Studies
• Course: ADMS 1000
• Professor: Paulette Burgher

Document Summary

Experiments w/ technology intense r & d (research and development) Too uncertain and risky for larger corporaions/ orgs to join the market. Gold rush era, therefore lots of passion and creaivity put into the design of new products. Seek legiimacy (cogniive [consumer awareness and level of public exposure and acceptance] and sociopoliical [endorsement of industry acivity or organizaional form by stake holders and major insituions in society]) Quest for a dominant design or prototype. Consumers willing to pay a premium: growth stage: dominant design and shakeout. Shakeout occurs (companies who don"t conform to the standard or who can no longer compete become weeded out) Standardizaion of products and processes (assembly and manufacturing) Shit to sales and markeing to r&d. Structure sill organic: maturity stage: a criical transiion. Apple iphone 1, 2, 3, 3s, 4, 4s, 5, etc . Process innovaion (eiciency) takes priority over product development (r&d) Mechanisic structure as original orgs grow larger needs to be adopted.