Week 8 Flashcards
1
Q
Improvements link to adoption
A
Improvements in performance speed up adoption
Increased adoption provides incentives to improve performance
2
Q
3 key points on S-curve
A
- New poorly understood technology
- Improvements accelerate
- Technology limit
3
Q
Discontinuous technologies
A
worse initial performance but faster rate of increase in performance e.g. move from compact disks to streaming
4
Q
Sailing ship effect
A
Introduction new technology in a market accelerates the innovation of incumbent technology
5
Q
3 stages technology lifecycle
FDI
A
- era of Ferment
- Dominant design
- era of incremental chnage
6
Q
Network externalities def
A
benefit to user increases with the number of other users
