The degree to which internet business has matured and is constantly developing around the world with new innovations and technologies. The internet business and other plat-forms is continually developing and growing in a rapid speed. The main source of growth and development is innovation. Both PayPal and NTT provide great examples of large firms attempting to recreate themselves as innovative digital companies. These companies are focussed on keeping up with development and growth via innovation and advancement of technologies. In the early days PayPal and NTT were only companies that focused on innovation in the technological aspects towards consumer benefits and both companies helped for the global growth but now the competitors were emerged.
…show more content…
As a result, PayPal gained great competitive advantage in the market and had over 100 million registered users and 28 million active accounts. PayPal management have developed successful three phase strategy formulation in their business operation when they acquired by eBay in 2002 and made PayPal its default payment settings to their customers. As a result, it was expanded among eBay user community and to the international market. For PayPal they want to bring future of money – “enabling customers to make payments anytime, anywhere and from any device” (Superuser, 2014). Their strategy formulation still continues to expand with current market trend. Which shows they are in the pull external …show more content…
They are specialise in “consultancy, architecture, security and cloud services to optimise the information and communications technology (ICT) environments of enterprises” (NTT Communication). NTT represent as Nippon Telegraph & Telephone. NTT have over 40 years very long history in the telecommunication industry. At present they are facing significant transition period from “analog phone system business” to “multimedia business creation”.
Technology push and demand pull perspectives in the technology innovation sector considered one of the biggest factor in the market. In order to analysis innovation sources there are several techniques can be used such as “factor analysis, multidimensional scaling, and pathfinder analysis” (Di Stefano, Gambardella, & Verona, 2012). Growing number of innovation and technology generated pure demand towards pull perspective (Di Stefano et al., 2012). According to Mowery and Rosenberg claims that it’s “technically complicated to distinguish a demand-pull situation from a technology-push one” (Di Stefano et al.,
As a result, PayPal gained great competitive advantage in the market and had over 100 million registered users and 28 million active accounts. PayPal management have developed successful three phase strategy formulation in their business operation when they acquired by eBay in 2002 and made PayPal its default payment settings to their customers. As a result, it was expanded among eBay user community and to the international market. For PayPal they want to bring future of money – “enabling customers to make payments anytime, anywhere and from any device” (Superuser, 2014). Their strategy formulation still continues to expand with current market trend. Which shows they are in the pull external …show more content…
They are specialise in “consultancy, architecture, security and cloud services to optimise the information and communications technology (ICT) environments of enterprises” (NTT Communication). NTT represent as Nippon Telegraph & Telephone. NTT have over 40 years very long history in the telecommunication industry. At present they are facing significant transition period from “analog phone system business” to “multimedia business creation”.
Technology push and demand pull perspectives in the technology innovation sector considered one of the biggest factor in the market. In order to analysis innovation sources there are several techniques can be used such as “factor analysis, multidimensional scaling, and pathfinder analysis” (Di Stefano, Gambardella, & Verona, 2012). Growing number of innovation and technology generated pure demand towards pull perspective (Di Stefano et al., 2012). According to Mowery and Rosenberg claims that it’s “technically complicated to distinguish a demand-pull situation from a technology-push one” (Di Stefano et al.,