The business environment is fast changing and new technologies are coming up much faster than in the earlier years. The gestation period for new technology has been rapidly cut down. The market...

The business environment is fast changing and new technologies are coming up much faster than in the earlier years. The gestation period for new technology has been rapidly cut down. The market environment was promising, with money pouring into new ventures. New companies were springing up and more and more players were entering the wireless communications industry. Being a privately held, small company, LastMile did not have the financial resources to invest enough in its future technological developments. LastMile was “at the chasm,” the company unable to respond as rapidly as the market growth opportunities. The company was facing financial problems, which needed to be addressed immediately.