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Revolusi

by

Syahrel Bin Zamzuri
Noreni Dalila Abdullah
Ummi Afifah Jasmi 
  •  A single product or process architecture that dominates a product category – usually 50 percent or more of the market.  
  •  A dominant design is a “de facto standard”, meaning that while it may not be officially enforced or acknowledge, it has become a standard for the industry.
  • Many industries exhibit increasing returns to adoption, meaning that the more a technology is adopted, more valuable it becomes.The more they are used, the more they are improved.A technology that is adopted usually generates a revenue that can be used to further develop and refine the technology.
  • Greater knowledge and understanding of the technology growth, may then enable improvements both in the technology itself and its application.
  • As a technology becomes more widely adopted, complementary assets are often developed that are specialized to operate with the technology.    
  • Complementary goods - additional goods and service that enable or enhance the value of another good.
  • Example: the value of a video game console is directly related to the availability of complementary goods such as video games, peripheral devices, and services such as online gaming.
  • ARE WINNER TAKE ALL MARKETS GOOD FOR CONSUMERS?????

1 Response so far.

  1. this is a great article!
    keep it up Syahrel.

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