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Foster's S-curve, which depicts the development or maturation of technology in terms of an S-shaped graph on a two- dimensional plane where the vertical axis represents a technology performance parameter measuring a dimension of merit, while the horizontal axis measures R&D efforts over time.
Question
1. Briefly describe the relationship between the x-axis and y-axis.
The 4 Stages of Technology S-Curve
Stages 1 New Invention Period
Stages 2 Rapid Growth Period
Stages 3 Maturity Period
Stages 4 Aging Period
2. Describe briefly what happens in each stage from the point of view of a producer of technology.
3. Describe briefly what happens in each stage from the point of view of a user of technology.
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