Companies aren't responsible for innovation, consumers are

Ewinsane

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Quote from: paparexon0414 on November 03, 2018, 07:13:46 PM

They have both responsible of innovations. They so it hand and hand. Maybe your right consumer will have to buy what is needed and in course of time they will tend to find a new and better products. In this situations, the company would think a new and better products to satisfy the needs of their consumer. They are the one who will promote this new innovations for the acknowledgement of their consumers. So this two factors are indeed important in balancing the market.

But companies are responsible to the customers if only they want more customers. The world we live in has many companies in many business, even the biggest company in the world apple has to worry about microsoft being better on their computer parts and samsung being better on their mobile phone world. It means everyone needs to keep innovating in order to keep beating each other and making more profits.

If you stop innovating for a year or two than the other companies will become much better than you and you will have to find a way to innovate a lot faster and be better than them. So, as you can see yes the customers are responsible for innovating if it means purchasing the most improved product instead of the old product but the companies are responsible to innovate in order to be the best and get the customers.

paparexon0414

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They have both responsible of innovations. They so it hand and hand. Maybe your right consumer will have to buy what is needed and in course of time they will tend to find a new and better products. In this situations, the company would think a new and better products to satisfy the needs of their consumer. They are the one who will promote this new innovations for the acknowledgement of their consumers. So this two factors are indeed important in balancing the market.

Reid

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Quote from: Ladysmith on October 25, 2018, 09:40:35 AM

Tech giants are usually praised as holding complete responsibility for innovation, but you can' t have supply without demand.

People are programmed to compulsively desire the latest and greatest thing, which is why they are willing to justify working so hard in jobs most of them hate, or trade bitcoin lol.

If this scenario weren't happening, tech companies wouldn't have the budgets to create the incredible technology that we now have.

Where do you think this seemingly endless cycle will lead? Will the technology ever solve so many problems and carry so much value that it would destroy the cycle?

Why blame the consumers?
If you have the right features for a project then I am sure people will go for it. There is now social media who can help a lot if you want a project to be funded by the community.
Big investors will be next to it when it is seen as being hyped by most people.

I have seen a lot who does like that. They dont pay for ads but yet they have buyers.
Have fairh with people, they are getting wise now.

creeps

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Quote from: khaled0111 on October 25, 2018, 11:06:05 AM

Companies just provide what their customers need.
They innovate and make researches to provide better services and better products.
It is not a cycle, it is a continuous work and each invention leads to another.

I agree, its not a cycle since we are not coming back from the old habit, we are continuously growing in terms of the technology. Companies innovate for us, and as a consumer we have no choice but to adopt it. Most especially in cellphone innovation, we don’t really need much of the features of every phone, and yet companies innovate for us and most people love to adopt it.

Cryptocurrency has a great ambition, and this is why it continues to innovate through altcoins and many more. This is a growing market now, its not responsible for any financial changes and yet cryptocurrency are doing its best to provide a quality service for us, and many investors loves to adopt that technology.

mazdafunsun

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Quote from: hatshepsut93 on October 25, 2018, 09:54:19 AM

That's not exactly how it works, technology evolves in many directions. Hardware not only becomes faster, but also more cost-efficient. A decade ago smartphones were for the middle class, today even very poor people in third world countries have them, and functionally there's really not that much difference between them. So, irrational consumerism is not the only reason behind innovation.

Noone is resopnible for anything. It is basic economics, the demand and competition is the dricing force behind innovation and technolgical advance which leads in fast depreciation of electonics since everyone is pushing to the next level , constantly.

futile-resistance

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Quote from: Ladysmith on October 25, 2018, 09:40:35 AM

Tech giants are usually praised as holding complete responsibility for innovation, but you can' t have supply without demand.

People are programmed to compulsively desire the latest and greatest thing, which is why they are willing to justify working so hard in jobs most of them hate, or trade bitcoin lol.

If this scenario weren't happening, tech companies wouldn't have the budgets to create the incredible technology that we now have.

Where do you think this seemingly endless cycle will lead? Will the technology ever solve so many problems and carry so much value that it would destroy the cycle?

Someone just gave a good reply to this, not every innovation had the consumers in mind. Even Satoshi never had in mind that Bitcoin will go this far cause what he wanted was something that can be used from peertopeer but later on a lot of people adopted the use of cryptocurrency. And now you can see how far the technology has achieved and even investors has taken over and invests millions of dollars on it.

BitcoinCommodor

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Quote from: setialovers on October 27, 2018, 09:01:00 PM

Quote from: hatshepsut93 on October 25, 2018, 09:54:19 AM

That's not exactly how it works, technology evolves in many directions. Hardware not only becomes faster, but also more cost-efficient. A decade ago smartphones were for the middle class, today even very poor people in third world countries have them, and functionally there's really not that much difference between them. So, irrational consumerism is not the only reason behind innovation.

Next, if entrepreneurs were only taking existing demand into account, we'd still be living in stone age. All major innovations start with raw ideas without thinking too much about potential users. Satoshi created Bitcoin and showed it to a small group of crypto enthusiasts, he didn't bother spending time on marketing. He knew that if technology is good, people will come on their own, because the word will spread.

I am agree with your opinion. Company have R&D division and funded well. Technology always improves and cryptocurrency is one of technology result. Consumerism sometimes good for technology because people always make innovation to fill consumerism need

Well for me, this theory works like these two things are compulsory for one another. There can’t be success and progressive race until innovation and consumers aren’t contributing towards one another stake. Companies are the models that provide services for consumers, they utilize it and then in turn, innovation progresses. For the time being, these three have to work in parallel.

spongegar

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I think innovation really comes from companies and the consumers supports it. I mean consumers didn't create a smart phone, companies did. Because consumers are dictated with what they want and what they need. We have become effective sheeps for these companies. I mean since when did we need filters for our pictures?

SnowAugustine

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One of the biggest challenges of companies is to create things that people do not realize they actually need. We now live in a highly competitive world. If companies only create things that people ask for, that wouldn't result to much. Just look at VR devices. Nobody asked for them but someone thought of creating them. Now, there are already a lot of companies who if not in gaming are using it in education, training, and healthcare. Big companies CREATE a need. I used to work for a huge company that actually have a quarterly competition open to everyone to submit innovative ideas - and most of them are actually great, things that the normal consumer wouldn't even think of asking from a tech company.

Jilinyth069

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I agree with you but not completely. Because even though customer's demand pushes the companies to go further but also companies need to think outside the box beforehand to stay alive in the market which helps in innovation.

Raumar02

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I do not think there is a pasue button for technological innovations. Human beings are curious and will always demand more in life and that will force more innovation, as the cycle continues.

shield132

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Quote from: Ladysmith on October 25, 2018, 09:40:35 AM

Tech giants are usually praised as holding complete responsibility for innovation, but you can' t have supply without demand.

People are programmed to compulsively desire the latest and greatest thing, which is why they are willing to justify working so hard in jobs most of them hate, or trade bitcoin lol.

If this scenario weren't happening, tech companies wouldn't have the budgets to create the incredible technology that we now have.

Where do you think this seemingly endless cycle will lead? Will the technology ever solve so many problems and carry so much value that it would destroy the cycle?

That's the power of marketing. For example girls buy iphone's latest models just to hold them lol, the only function they use is selfie camera, instagram and facebook, I highly believe 99% have never used NFC or really need A11 Bionic chip or have any imagination on jailbreaking and etc. For them it's main features are camera and wireless connection to upload photos.
On another hand you are true, for example two or three camera on one smartphone, those new, wide screens are invented for years but to make things innovative and give us a reason to buy, they implement everything very lately. This cyclr will never end, especially now when economics is everything.

cctv0

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This question is not objective enough. First of all, consumers are passive and most people accept it. The technology giant is not not innovative but it is very difficult to innovate. You must know that this is very ideal, but you don't have to worry about the breakthrough speed of technology.

yugyug

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As the quote goes "necessity is the mother of all inventions" and we as the consumer creates the demand for the necessity of our daily lives. Just like the necessity of our communication that's why telephone and any wireless messaging was created and the company continue to innovate to develop further the quality of communications. So in every products and technologies were created to address the needs of the consumer. Just like for energy demand, people want some cheap and high efficient power generation demand so that's why solar power plants and other renewable energies were reproduced. The bottom line is we, the consumer are the responsible for the innovation and inventions.

ngano ba

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The consumers are the endusers of the products ,and they can suggest and demand what they want from the product suppliers , so it is the responsibility of the companies to accept the demand and likes of the customers or cunsumers , so they would have to adopt the new innovation in order that the endusers would patronized their products, it is the same with cryptocoins the management team would have to response for some innovation in order for the customers to be satisfied and continuecto invest for this kind of altcoins.

setialovers

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Quote from: hatshepsut93 on October 25, 2018, 09:54:19 AM

That's not exactly how it works, technology evolves in many directions. Hardware not only becomes faster, but also more cost-efficient. A decade ago smartphones were for the middle class, today even very poor people in third world countries have them, and functionally there's really not that much difference between them. So, irrational consumerism is not the only reason behind innovation.

Next, if entrepreneurs were only taking existing demand into account, we'd still be living in stone age. All major innovations start with raw ideas without thinking too much about potential users. Satoshi created Bitcoin and showed it to a small group of crypto enthusiasts, he didn't bother spending time on marketing. He knew that if technology is good, people will come on their own, because the word will spread.

I am agree with your opinion. Company have R&D division and funded well. Technology always improves and cryptocurrency is one of technology result. Consumerism sometimes good for technology because people always make innovation to fill consumerism need

Indrawan77

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I think both of them are responsible for creating innovative products, I agree that there won't be any supply without any demand, but even if there's demand there is no guarantee that the companies going to supply, companies work based on the demand volume and how big is the profit

Renaldi blackspadeteam

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in my opinion, blockchain technology and cryptocurrency can solve this problem, I think blockchain technology is very safe because so far no hackers have succeeded in hacking blockchain technology, that's why I believe in blockchain technology

MintCondition

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Quote from: Xardasim on October 27, 2018, 04:36:09 PM

Technology will ruin many things as well as solve many things. Imagine that robot will do your job without sleeping, eating and relaxing. Then why does the world need you? Existing more intelligent robots than us will make us meaningless. This is actually a good thing, but it will become increasingly boring.

And it will make our self less since we will not be responsible enough since we rely on robots now. It maybe good to some who are too busy, but it might be manipulated too much in a wrong ways. Though it's a thing now to adopt and get advance since were in tech era.

Xardasim

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Technology will ruin many things as well as solve many things. Imagine that robot will do your job without sleeping, eating and relaxing. Then why does the world need you? Existing more intelligent robots than us will make us meaningless. This is actually a good thing, but it will become increasingly boring.

Topic: Companies aren't responsible for innovation, consumers are (Read 731 times)