Chapter 4

Question 1

Dominant design network externalities

Answer 1

• value is raised if it is compatible with other products.
• Benefit rises when more users are within the network.
• Value is driven in 2 fold
  
  • size of the technology’s installed base
  • availability of complementary goods

Question 2

smart connected products

Answer 2

product
smart product
smart connected product
system product
system of the system

Question 3

self reinforcement cycle

Answer 3

attract users
increase size of installed base
attract producers of complementary goods
increase availability of complementary goods

Question 4

increase likelihood

Answer 4

increase technologies standalone value (cost and functionality) or increase network externalities

Question 5

Mutiple dimensions of value through

Answer 5

tech utility(increases over time to add more value)
installed base
complementary goods available