What are network effects, What are network effects? What

What are network effects

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1. What are network effects? What are the other names for this concept? List several products or services subject to network effects. What factors do you believe helped each of these efforts achieve dominance and contributed to the value created by network effects?

Which firm do you suspect has stronger end-user network effects: Google’s online search tool or Microsoft’s Windows operating system? Why?

2. How is competition in markets where network effects are present different from competition in traditional markets? Are network effects good or bad for innovation? Explain.

Do network effects apply in non-tech areas? Give examples.

3. What distinguishes social media and peer production sites from the prior generation of Internet sites? How have you seen social media sites impact businesses, large and small?

How has social media changed the way you consume entertainment, play games, and learn about news? How important are these services to your generation vs. the way your parents consume such information? What do these trends mean for managers and marketers?

Reference no: EM132224679

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