Evolution of Competition
Embryonic Stage
- Many Firms
- Experimentation
- Competing Incompatible Technologies/Standards
- Wireless: AMPS, GSM, TDMA, CDMA
- PCs: C/PM, Apple, DOS, Tandy, DEC
- HDTV: U.S. (Digital), EU (Digital), Japan (Analog)
- Uncertainty About Future Standard
- Risk of Stranded Investment
- Risk of Technological Lock out.
- Competition on the Basis of Product Functionality