Term
The following is why what are important in high tech industries?:
They gurantee compatability reduce confusion in the minds of customers, allow for mass production and lower costs, and reduce the risks associated with supplying complementary products? |
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Definition
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Term
| What often determine which standard will dominate a market? |
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Definition
| Network Effects And Positive Feedback Loops |
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Term
| What can be a source of sustained competitive advantage? |
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Definition
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Term
| Setting up what as an industry standard may require the company to win a format war against a competing and incompatible standard? |
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Definition
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Term
| What products are characterized by high fixed costs of development but very low or zero marginal costs of producing one extra unit of output? |
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Definition
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Term
The following causes what to occur?
New technologies emerge that revolutionize the structure of the industry, dramatically alter the nature of competition and require companies to adopt new strategies. |
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Definition
| Technological Paradigm Shift |
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Term
What are the following the five stages of?:
Embryonic
Growth
Shakeout
Maturity
Decline |
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Definition
| Industry Life Cycle Theory |
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Term
| When do the Early Adopters and Innovators enter the industry? |
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Definition
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Term
| When do average consumers become apart of the market of an industry? |
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Definition
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Term
| What are industries where scientific knowledge is advancing rapidly; therefore, so are the attributes of the products and services? |
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Definition
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Term
| What are specifications that producers adhere to when making a product? |
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Definition
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Term
| What refers to a common set of features or design characteristics? |
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Definition
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Term
| What are organizations within an industry working together to set the standard to avoid confusing consumers? |
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Definition
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Term
| What is the most common means of setting standards to avoid confusing costumers? |
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Definition
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Term
| What arises in industries where the size of the network of complementary products is a primary determinant of demand for a product? |
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Definition
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Term
What are the following the keys to?:
Ensure A supply of complements
Licensing
Leverage Applications
Aggressive Pricing and Marketing
Cooperate with Competitors |
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Definition
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Term
| What is the combination of collaboration and competition? |
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Definition
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Term
What are the following?:
Additional Market share, experience and the possibility to set the standard. |
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Definition
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Term
What are the following?:
Free Riders |
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Definition
| First Mover Disadvantages |
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Term
| What is a form who introduced a revolutionary product first during the embryonic stage? |
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Definition
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Term
| When does a company decrease its investments in a business? |
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Definition
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