Mgmt499 Unit 5 Db
Unit 5 DB
MGMT499-1302A
The first product I would like to discuss is wristwatches. Wristwatches have significantly decreased over the last decade or so, as cell phones and other technological devices have significantly increased in popularity the need for watches as a way to tell time means keeping track of an extra accessory. Watches are still used but not as widely as they once were. According to “a survey by Beloit College of its class of 2014 found, "Few incoming freshmen know how to write in cursive or have ever worn a wristwatch" (Bosker, 2010). I think one of the contributing factors to the decline in wristwatch popularity is market size. Wristwatches continue to be used as a style statement and/or a status symbol but the market size is declining because younger consumers have easier ways of telling time with the use of today’s technology. The next product I would like to shine light on are maps. Maps are extremely useful tools when you may be in a pickle and you know how to use them. However, once again, technology has caused another traditional tool to go out of style. On a good note, with traditional maps being replaced by smartphones and GPS devices we are able to get custom routes from any location with the push of a few buttons. In the past, a driver would have to stop to ask for directions which were typically hand written on a napkin or scrap paper. Occasionally the driver would have to stop more than once to ask for directions because they had gotten lost. Although, even with the convenience of GPS devices and smartphones I consider the ability to accurately read a map to be an important skill that should still be included in the core curriculum taught in schools. If a child gets lost without a cell phone or service they need to know how to find their location and a route home. The last product I would like to talk about are encyclopedias. Before the internet was a possibility students and scholars would turn to
MGMT499-1302A
The first product I would like to discuss is wristwatches. Wristwatches have significantly decreased over the last decade or so, as cell phones and other technological devices have significantly increased in popularity the need for watches as a way to tell time means keeping track of an extra accessory. Watches are still used but not as widely as they once were. According to “a survey by Beloit College of its class of 2014 found, "Few incoming freshmen know how to write in cursive or have ever worn a wristwatch" (Bosker, 2010). I think one of the contributing factors to the decline in wristwatch popularity is market size. Wristwatches continue to be used as a style statement and/or a status symbol but the market size is declining because younger consumers have easier ways of telling time with the use of today’s technology. The next product I would like to shine light on are maps. Maps are extremely useful tools when you may be in a pickle and you know how to use them. However, once again, technology has caused another traditional tool to go out of style. On a good note, with traditional maps being replaced by smartphones and GPS devices we are able to get custom routes from any location with the push of a few buttons. In the past, a driver would have to stop to ask for directions which were typically hand written on a napkin or scrap paper. Occasionally the driver would have to stop more than once to ask for directions because they had gotten lost. Although, even with the convenience of GPS devices and smartphones I consider the ability to accurately read a map to be an important skill that should still be included in the core curriculum taught in schools. If a child gets lost without a cell phone or service they need to know how to find their location and a route home. The last product I would like to talk about are encyclopedias. Before the internet was a possibility students and scholars would turn to
References: Bosker, B. (2010, December 22). You 're Out: 20 Things That Became Obsolete This Decade . Retrieved from Huffingtonpost.com: http://www.huffingtonpost.com/2010/12/22/obsolete-things-decade_n_800240.html#s210857&title=Watches Brookins, M. (n.d). Factors That Affect Demand Curve. Retrieved from smallbusiness.chron.com: http://smallbusiness.chron.com/factors-affect-demand-curve-11258.html