The Changing Competitive environment
16 important questions on The Changing Competitive environment
What are virtual networks?
What is the value of a virtual network?
What is a tippy market?
- Higher grades + faster learning
- Never study anything twice
- 100% sure, 100% understanding
For my 1st exam I got a C. Then, I started looking for ways to learn better and I came across Study Smart. Since then I have scored a A+, A, A- and another A. I highly recommend it to everyone who wants to hear it. I am so happy with it!!
I was struggling to finish all my first-year subjects for 3 years. Then I discovered Study Smart, which helped me to finish all of them within 3 months.
Because of StudySmart, things are going well in many ways. Before, I always had study stress and no time for anything. Now I feel calm and confident (because of the program). I used to score a B, now I usually score an A or A+.
Hey Chris, I really want to thank you very much for developing the platform, I usually got around C for my exams, now I scored an A+, an A and a A- !!
Since using Study Smart, my average has increased significantly. I even completed a statistics course with a A+ while I'm bad at statistics. I took on extra courses this year, because of Study Smart. Thanks so much!
Ever since I started studying with StudySmart I passed all my exams !!! No more re-sits!! At first, I was happy with a pass and now I only get good grades. Many thanks!
I aced all the courses I studied with Study Smart. For law, I first scored a D, and now an A! I’m 100% sure that I’ll pass all the courses I study with Study Smart.
I always thought I studied well. My grades were fine. I could never have imagined that applying these study skills would have such a huge and direct impact on my grades, my speed and the pleasure I have in learning.
For the first time, I finally feel totally confident about the way I learn. I have the perfect overview and make great progress in terms of speed and the grades I get. Thanks, Chris!
I immediately started to enjoy learning again, and my grades soared. All of a sudden, everything went better. I highly recommend Study Smart to all students..
Being able to create my materials online made the process of studying so much smoother and quicker. I no longer have to spend a huge amount of my time on creating my summaries.
At first, my notes were a mess. Now I use Study Smart to take my notes in a perfectly structured way. It helps me to save a lot of time and do other things I enjoy.
Students that study with Study Smart get better grades. The system applies all the learning methods in such a way that both well-performing students and students who struggle perform much better.
Hi Chris, I would like to thank you very much. Last year I scored C on a course, and this year I got an A+ thanks to your method! Thank you very much!
The largest effect is that my child is more enthusiastic about school! Every parent wants their children to be happy at school, Study Smart made it happen.
In high school, I failed several exams, and that has really changed now. I actually needed this tool very much back then. Since I started studying with StudySmart, I haven't had any D's. My average score is now an A and those are results I would have never had in the past
With my old method, I passed only 3 out of 8 courses. Since I started taking my notes digitally in Study Smart, I have passed all my courses on the first try. For me, StudySmart takes away the stress of wondering if I will pass or not.
Thanks to StudySmart, I passed all my exams, and with better grades than before! On top of that, I have mastered a very good study method now, which I am confident will help me earn my degree.
What is a tipping point?
How to recognize a tippy market?
- the presence and strenght of economies of scale; strong economies provide an advantage to larger firms
- the variety of the customer needs; customer demands variety creates niches that the dominant player may be unable to fulfill
What are two-sided networks?
Value of the network to one type of member depends on the number of members from the other side
What are the implications of network economics (For managers)?
Sponsoring a network provides competitive advantages
Steeper costs give more power to the sponsor
What are classic information goods?
Information goods are products that can be digitized
What are the economic characteristics of information goods?
- High production costs
- Negligible replication and distribution costs
- Information is not the carrier
- Costs are sunk; you cannot sell the information if nobody wants it
- No natural capacity limit; it can be download million times
- Not consumed by use
- Experienced goods; the products or services need to be tried before their quality can be assessed
What are the implications of information goods?
- Information is customizable
- Information is reuasable
- Information is often time-valued
- information goods can produce significant gross profit margins
What are information intensive goods?
What are implications of new technologies and the trade-off between richness and reach?
- Traditional business models continue to be questioned
- A direct relationship with the customer is an advantage
- Owning the customer interface may become critical (customer interface is the way the customers retrieves their information)
- The ability to maintain asymmetries of information declines (assymetry of information is the condition where one party to a transaction has more information than the other party: customers know now much more of a product than ever before, even more that the seller it self)
What are obstacles for the change?
- New technology must replace the characteristics of the old one;
- New technology entails costs; learning obstacles, swithcing costs and user inertia (the restiatance of humans to chance)
- Attention of people, because proliferation of information leas to scarcity of attention, which leads to slow adoption rates for all but the most revolutionary innovations (For example;online grocery shopping, the adoption rate is to slow to make the investment returns quick)
What is sustaining technology?
What are disruptive technologies?
- Offers a different set of attributes than the technology the firm currently uses in its products
- The peformance improvement rate is higher than the rate of improvement demanded by the market
What to do with disruptive technologies?
- Estimate whether the technolgy catch up the market needs; when is the new technology good enough for customers to buy it? At which performance?
- Listen carefully to the most agressive customers, who whill appreciate the attributes of the disruptive technology
- Spin of a new division to focus on competing with disruptive technologies
Try our study magic for free
a PDF, study it super fast
- No sign up, email or credit card needed!
- AI makes unlimited flashcards
- Get unlimited quizzes and tests
- Ask AI anything
- No sign up, email or credit card needed!
- Have and keep perfect overview
- Make flashcards, notes and mind maps
- Review, test and score!
The question on the page originate from the summary of the following study material:
- A unique study and practice tool
- Never study anything twice again
- Get the grades you hope for
- 100% sure, 100% understanding
