Digital Economy Digital economy refers to an economy that is based on digital computing technologies, although we increasingly perceive this as conducting business through markets based on the internet and the World Wide Web. The digital economy is also sometimes called the Internet Economy, New Economy, or Web Economy. Digital economy is defined as an […]
Chapter 9: Antitrust and Information Policy
Antitrust and Information Policy Antitrust refers to government policy to regulate or break up monopolies in order to promote free competition and attain the benefits that such competition can provide to the economy and to society as a whole. Since the government’s rules inevitably affect industry participants, no executive in the network economy […]
Chapter 8: Strategies for Information Industries
Cooperation and Compatibility Strategies for Competing in n/w markets. Openness strategy Open migration Discontinuity Who are allies and enemies? ‘Coopetition’ Captures the tension between cooperation and competition Establish Standards & create a single n/w of compatible users. How Standards Change the Game? 1. Expanded network externalities Enhance compatibility, interoperability Make network larger, increase value Share […]
Chapter 8: Strategies for Information Industries
Cooperation and Compatibility
Chapter 7: Networks and Positive Feedback
Network and Positive Feedback Introduction The industrial economy was populated by oligopoly industries in which a few large firms dominate markets. Examples of oligopolies include: Automobiles industry Steel industry Aluminum industry Various chemical markets The difference is that the old industrial economy was driven by economics of scale while the new […]
Chapter 6: Market Strategies: Switching costs and Lock-in
Recognizing Lock-In When the costs of switching from one brand of technology to another are substantial, users face lock-in. Situation when user is compelled to stick to current brand or product Switching costs and lock-in are ubiquitous in information systems, and managing these costs is very tricky for both buyers and sellers. Examples of lock-in […]
Chapter 5: Rights Management
Rights Management Rights management is a term for control systems that allow a rights owner to control over information immediately. It enables publishers of information to control what recipients can do with it in order to prevent intellectual property theft, stop unauthorized sharing and piracy. Digital rights management (DRM) It is a systematic approach to copy right protection for digital media. The purpose […]
Very Short Question Answer- Software Project Management
Year 2021 1. What are the limitations of agile development? Poor resource planning Limited documentation 2 What do you mean by Statement of Work in Project Planning? A statement of work (SOW) in project planning is a document that provides a description of a given project’s requirements. It defines the scope of work being provided, […]
Chapter 4: Strategies for Pricing Information
Pricing Information Goods Encyclopedia Britannica sold 32 volume of hard cover book for $1,600 but Microsoft sold the similar information goods in CD at $49.95. then Britannica started providing online subscription at $ 2000 per year large libraries took the subscription but market share started eroding. In 1990, Britannica, started selling CD to home market […]