Compared to desktop devices, mobile devices have inherent constraints such as limited processing power, memory, and battery capacity. With the proliferation of resource-hungry applications, researchers are looking for new solutions to address these limitations. One such solution is mobile cloud computing (MCC), which uses cloud infrastructure to enhance the capabilities of mobile devices. This paper focuses on a related, emerging technology called mobile computation offloading (MCO), where the emphasis is on dynamically offloading computation from native applications running on mobile devices to outside surrogates such as cloud infrastructure. We use an exploratory approach to evaluate the business potential of MCO by identifying critical factors that influence the technology evolution of MCO. We base this evaluation on a literature review of MCO and utilize a research framework derived from the existing literature on technology evolution and MCO.