Innovation Essay Example | Topics and Well Written Essays - 3000 words

Innovation - Essay Example However, with the increased information technology, there emerged rivals into the DRAMs market that started to compete with Intel Company such as Japan. This brought about the decrease in the company’s sales as there were different choices of products where the customers would choose from (Aid, 2012). This resulted in a loss for the company’s accounts as it had ventured a lot of funds into the DRAMs project. Some of the companies had a much more advanced technology in the manufacturing of DRAMs such as the ones that were used by the Japanese. The Japanese had links with the various raw materials, as well as labor suppliers. Skilled labor was readily available for the Japanese thus making great inventions into the DRAMs market. Through the availability of effective machinery in the Japanese’s industries, they were able to effectively assemble DRAMs that were of a higher quality compared to the ones that Intel was assembling. However, some companies such as Nikon helped in the advancement of the DRAMs thus beating Intel Company out of the market. Financial institutions in Japanese provided low interest charges on loans to the investors. This lead to the motivation of the entrepreneurs who had an eye in the assembling of the DRAMs thus resulting in increased variety of the products. With the continuously improving technology, the firms with the adequate and modernized machinery were the only ones that had a competitive advantage in the DRAMs market. This resulted to the decline of most of the firms that were technologically poor as their products did not meet the expectations of the clients (Aid, 2012). The company’s success can be attributed to its uniqueness in the undertakings in the micro-processor market. The company was strategically positioned in regard to successfully having an exploration of the microprocessor venture through technological designs. This favored the markets of the processors