What Picturephone teaches about forecasting

Article Abstract:

The market failure of AT&T Corp's Picturephone illustrates the difficulty of technological forecasting. According to inventor and information technology expert Robert W. Lucky, the failure of Picturephone can be attributed to a host of conceptual errors, one of which was AT&T's failure to anticipate the fast emergence of developments. AT&T also failed to adequately expect the secondary, downstream and incidental consequences of a new technology when the technology is familiar, common, cheap and widely available.

Forecasting, Analysis, Forecasts and trends, Technological forecasting, Information technology, Technological innovations, Business forecasting

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Scientists, engineers - shortage or surplus?

Article Abstract:

The country has an overall surplus of scientists and engineers. However, the specialized fields are experiencing spot shortages because of the amount of time required to educate a person in a specific discipline and the weak and ineffective feedback mechanisms to universities. In addition to these reasons, the goals and values of universities are contrary to those of business, the economy and novice engineers and scientists.

Research and Development in the Physical, Engineering, and Life Sciences, Engineering Services, Engineering & Architectural Services, Scientists, Engineers, Supply and demand, Employment, Labor supply, Labor force

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Customization promises sharp competitive edge

Article Abstract:

The development of advanced computer-assisted manufacturing technologies has encouraged many companies to engage in soft and hard customization services. This strategy enables such companies to boost their competitive advantage and meet the demands of their customers. Among the products which are covered by these services are pharmaceutical drugs, skin-tight jeans and furniture.

Manufacturing industry, Manufacturing industries, Usage, Services, Computer-aided manufacturing, Computer aided manufacturing

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