ghs

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Technological factors High technological advancement
Fast obsolescence of new technologies
Table 1: Summary of PEST analysis
According to Datamonitor (2009), wearable technology has not reached its climax yet. A plethora of firms are investing significant amount of funds in wearable technologies. Consequently, the political sphere of this market exhibit a fierce and cutthroat competition with diverse technology firms claiming to have the best and fashionable wearable technology. In appendix 1, just a few of the companies in this market have been highlighted. The population of these firms exemplifies the political competition among the firms. However, on an external front, the political stability of markets and economies is assuring. However, in Tidd (2001), some countries are not ready to accept new technologies as simple as social networks and wearable technologies but their opposition is not significant.
In regard to economic dimension, the economic environment is increasingly growing favorable. Witt et al (2012) argue that there has been an increasing demand for wearable technology from the fashion, military and even medical sector.
Williams (2014) presents an article in the Telegraph where he deduces that Deloitte has predicated an increase to over 10 million units in sales of wearable technology in 2014 alone. This is estimated to produce revenue of US$ 3 billion. A survey by Deloitte on this subject found that over 100 million units will be distributed by 2020. Therefore, economically, the demand for wearable technology is increasing fast.
However, there are diverse economic risks that have affected technological developments. Wankel & Odrakiewicz (2008) indicate that the technological bubble that was experienced some fe...

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...domain calls for significantly high technological competences. The aspect of competences touches on human resource skills and hence training and development is required among the previous Logitech staff members and the incoming staff members from the acquired firm.

Figure 1: Domains of product uncertainty and complexity (Tidd, 2001, p. 176)
Gómez & Manzanare (2000) tackles the aspect of innovation management and argue that there are diverse issues that organizations such as Logitech should take into consideration when investing in innovative technology. The theoretical framework of innovation management that has been suggested by Gómez & Manzanare (2000) is Knowledge Management. The recommended dimensions are suggested in table 2 below.

Table 2: Variables and dimension of knowledge management in recommended for Logitech (Adopted from Gómez & Manzanare, 2000).

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