The customers of Curtofan, a gaming console manufacturer, stopped purchasing its traditional hand-held gaming device after it introduced a real-time, high-end gaming device. In the context of innovation streams, which of the following concepts does this scenario best illustrate?

Question

Quizplus · Accepted Answer

This scenario best illustrates technological substitution, which refers to the replacement of an existing technology by a newer and more advanced technology. In this case, the customers stopped purchasing the traditional hand-held gaming device because they were attracted to the newer real-time, high-end gaming device introduced by Curtofan. Technological singularity refers to a hypothetical point in the future when artificial intelligence surpasses human intelligence, while technological lockout refers to the exclusion of competitors from a particular market due to the dominant position of a particular technology. Technological determinism is the theory that technological development determines social change.

The Customers of Curtofan, a Gaming Console Manufacturer, Stopped Purchasing