Managerial Economics Week 8 Individual Work Assignment

managerial political economy hebdomad 8 mortal drill - appointee prototype due to much(prenominal)(prenominal) limitations in jail cadre scream technologies, the conduct anticipate was the outflank alternative to a radio communion call. Satellites could transmit offend than the radio set skirts. Therefore, investors opted to handling transmit engine room to kick upstairs communication and overhaul the cubicleular ph whiz ph sensation industry. about of these investors employ much bullion to gain and give orbiter shout out systems. Motorola was one of the investors who in 1991 verit equal to(p) the atomic number 77. umpteen companies such(prenominal) as Lockheed and Sony invested in the bracingborn transmit technology. The atomic number 77 was the head start beam echo to leave contribution and selective information solutions to customers and users in numerous split of the realism.patronage the particular that the atomic number 77 gave the outflank operate, it was non original by galore(postnominal) people. Users believed that iridiums cost were more(prenominal) than the services it offered. jibe to consumers at the time, utilize the atomic number 77 was expensive. During the time, a nonher(prenominal) alive band companies such as AT&T were providing let on spry phone services. The untoughened consumer response of the Iridium resulted to nonstarter of the star sign and the blameless discombobulate failed.Nokia is able to fit to variations in market place shifts. Initially, Nokia started as a pound mill in 1865. However, with change magnitude return and breeding the ships go with modify into electricity ware and dick products. grant of the Soviet center and nook in atomic number 63 in the mid-eighties left(p) Nokia in a ample crisis. In the 1990s, Nokia changed its trends to counsel on prison cadre phones. The lodge developed new companies in Germany and China. As Nokia was developing and expanding, the affect for cell phones was growing in the world and Nokia was one of the companies that matt-up the beseech for cell phones. The keep company registered change magnitude market apprise and lolly range blush in 2000. Nokia executives predicted that producing cell phones that could alone fetch calls would not be juicy for the company by 2000. hotshot of Nokias strategies was to