Define dominant design:
a
product or process that
dominates a product
category
The rise of humans ted talk:
Yuval noah harari
Chimps vs humans
Humans work together to make good and bad things. Humans create fictions that they live in.
Money is the most successful story humans created because everyone believes it in the entire world.
Technology S curves are ____ vs _____
performance vs effort
The top of the S curve is the ____
limit of technology
A technology S curve uses
Rate of a technology’s improvement
Rate of diffusion to the market
Apple pay might ___ and why?
Become the one bank/ card we use; because increasing returns to adoption and the learning curve= as more ppl use it the better the innovators make it
Chat GPT vs Gemini is an example of a ____
standards battle
United states is big time ____ with electric vehicles
laggard
Why are dominant designs selected on the firm side?
Prior Learning and Absorptive Capacity
* Prior experience influences ability to
recognize and utilize new
information.
Experience &
Knowledge
Improvements
Use
Why are dominant designs selected on the user side?
Network Externalities
* The benefit from using a good
increases with more users.
* Physically networked
* Compatibility or complementary
goods are important
Other reasons why dominant designs are selected?
Government regulation
* Natural monopolies: Winner-
take-all markets
* Firms supporting winning
technologies earn huge
rewards; others may be
locked out.
Technology trajectories are _______
path dependent
Technologically superior products do/ do not always win
do not
Downside to dominant innovation
ppl thinking its taking over their job, politics, social structure change
paradox
if a product is better why is another product getting more market share?
Why wouldn’t a product with a dominant design always win?
Negative externalities
Why is there a curve up in the two competing technologies graph?
As more ppl start using it- it becomes more known in the market place-
Kodak invented digital photography, but ___
didn’t take use of the internet
Netflix vs Blockbuster, netflix had the ___
dominant design, block buster faced the innovators dilemma
Netflix vs the world is a ___
standards battle
Netflix network externalities:
having to teach people how to use the internet
