Term
| Technology -Supply Chain Decompostion |
|
Definition
| Point and click technology- no manufacturing, sales or delivery from the internet delivery. |
|
|
Term
| Technology Knowledge Production |
|
Definition
| Reallocation of costs to start up and fixed. Must have copyrights. Inte private property rights. |
|
|
Term
|
Definition
| Napster able to use technology so the group could not get revenues. Drug companies. No CD sales for Metallica |
|
|
Term
| Intellectual private property rights |
|
Definition
Easy duplication of music, knowledge ect.
MC=0 after production |
|
|
Term
|
Definition
| Patents can not be enforced. CD trading back and forth. Evolving business model |
|
|
Term
|
Definition
| Law of Diminishing Return is Flipped. The point at which diminishing returns would set set in if capital remains fixed doesn't occur when capital is embellished by new knowledge. |
|
|
Term
| Network Effect on Network Externalities |
|
Definition
| The more people use the internet/ network the more value is added. Internet Explorer |
|
|
