Question 1

Almost all networks derive most of their value from a single class of users.

Accepted Answer

A) True 
 B)False

Question 2

The higher the value of a user's overall investment, the more they are likely to consider the staying power of any offering before choosing to adopt it.

Accepted Answer

A) True 
 B)False

Question 3

A Blue Ocean strategy often works best when combined with operational effectiveness.

Accepted Answer

A) True 
 B)False

Question 4

High switching costs serve to weaken the value of network effects as a value asset.

Accepted Answer

A) True 
 B)False

Question 5

When developers of complementary products invest, time writing software-and users install, learn, and customize these products-_________are created that enhance the _______ of a given network.

Accepted Answer

switching

Question 6

Which of the following is an example of a measure taken by a firm to encourage the development of complementary goods?

Accepted Answer

A)  Adobe giving away the Acrobat Reader for free 
B)  Microsoft bundling new products into Windows, Internet Explorer browser, and other offerings 
C)  The Twitter Fail Whale 
D)  Apple offering a regular conference and online materials for its software developers, and an online app store where they can sell their products. 
E)  Nintendo's Wii games targeted at families, women, and older age groups 
A)  Adobe giving away the Acrobat Reader for free 
B)  Microsoft bundling new products into Windows, Internet Explorer browser, and other offerings 
C)  The Twitter Fail Whale 
D)  Apple offering a regular conference and online materials for its software developers, and an online app store where they can sell their products. 
E)  Nintendo's Wii games targeted at families, women, and older age groups

Question 7

Explain the nature of competition in markets influenced heavily by network effects.

Accepted Answer

When network effects play a starring rol

Question 8

A market dominated by a small number of powerful sellers is known as a(n) _____ .

Accepted Answer

A)  oligopoly 
B)  pure play 
C)  short tail 
D)  blue ocean 
E)  greenfield 
A)  oligopoly 
B)  pure play 
C)  short tail 
D)  blue ocean 
E)  greenfield

Question 9

___________ allows Apple to use iOS as a platform for exercise and personal health measurement.

Accepted Answer

The answer of ___________ allows Apple to use iOS as...

Question 10

_____ is said to occur when one market attempts to conquer a new market by making it a subset, component, or feature of its primary offering.

Accepted Answer

A)  Acquisition 
B)  Greenfield investment 
C)  Envelopment 
D)  Market leapfrogging 
E)  Monopolization 
A)  Acquisition 
B)  Greenfield investment 
C)  Envelopment 
D)  Market leapfrogging 
E)  Monopolization

Question 11

Samsung also leveraged _____to make Samsung Pay accepted at more retailers than either Apple Pay or Android Pay.

Accepted Answer

backwarkd

Question 12

Congestion effects often result when a key resource becomes increasingly scarce with the arrivals of more and more users.

Accepted Answer

A) True 
 B)False

Question 13

Social proof is defined as the negative influence created when someone finds out that others are doing something.

Accepted Answer

A) True 
 B)False

Question 14

The phrase ________________ refers to positive influence created when someone finds out that others are doing something.

Accepted Answer

The answer of The phrase ________________ refers to positive influence...

Question 15

Markets where strong network effects are present often exhibit a winner-take-all or winner-take-most dynamic. What network effects-related advantages can a dominant incumbent enjoy that help it repell rivals, and why is it so difficult for a newcommer to displace the dominant player in these markets?

Accepted Answer

Winning customers away from a dominant p

Question 16

With the help of examples explain how firms have used the strategies of alliances and partnerships to try to strengthen and develop network effects.

Accepted Answer

Alliances and partnerships: Firms can us

Almost all networks derive most of their value from a single class of users.

The higher the value of a user's overall investment, the more they are likely to consider the staying power of any offering before choosing to adopt it.

A Blue Ocean strategy often works best when combined with operational effectiveness.

High switching costs serve to weaken the value of network effects as a value asset.

When developers of complementary products invest, time writing software-and users install, learn, and customize these products-___are created that enhance the _ of a given network.

Which of the following is an example of a measure taken by a firm to encourage the development of complementary goods?

Explain the nature of competition in markets influenced heavily by network effects.

A market dominated by a small number of powerful sellers is known as a(n) _____ .

___________ allows Apple to use iOS as a platform for exercise and personal health measurement.

_____ is said to occur when one market attempts to conquer a new market by making it a subset, component, or feature of its primary offering.

Samsung also leveraged _____to make Samsung Pay accepted at more retailers than either Apple Pay or Android Pay.

Congestion effects often result when a key resource becomes increasingly scarce with the arrivals of more and more users.

Social proof is defined as the negative influence created when someone finds out that others are doing something.

The phrase ________________ refers to positive influence created when someone finds out that others are doing something.

With the help of examples explain how firms have used the strategies of alliances and partnerships to try to strengthen and develop network effects.

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Filters

Exam 8: Understanding Network Effects: Strategies for Competing in a Platform-Centric, Winner-Take-All World

Almost all networks derive most of their value from a single class of users.

The higher the value of a user's overall investment, the more they are likely to consider the staying power of any offering before choosing to adopt it.

A Blue Ocean strategy often works best when combined with operational effectiveness.

High switching costs serve to weaken the value of network effects as a value asset.

When developers of complementary products invest, time writing software-and users install, learn, and customize these products-_________are created that enhance the _______ of a given network.

Which of the following is an example of a measure taken by a firm to encourage the development of complementary goods?

Explain the nature of competition in markets influenced heavily by network effects.

A market dominated by a small number of powerful sellers is known as a(n) _____ .

___________ allows Apple to use iOS as a platform for exercise and personal health measurement.

_____ is said to occur when one market attempts to conquer a new market by making it a subset, component, or feature of its primary offering.

Samsung also leveraged _____to make Samsung Pay accepted at more retailers than either Apple Pay or Android Pay.

Congestion effects often result when a key resource becomes increasingly scarce with the arrivals of more and more users.

Social proof is defined as the negative influence created when someone finds out that others are doing something.

The phrase ________________ refers to positive influence created when someone finds out that others are doing something.

With the help of examples explain how firms have used the strategies of alliances and partnerships to try to strengthen and develop network effects.

Setting the Stage: Technology and the Modern Enterprise

Strategy and Technology: Concepts and Frameworks for Understanding What Separates Winners From Losers

Zara: Fast Fashion From Savvy Systems

Netflix in Two Acts: the Making of an E-Commerce Giant and the Uncertain Future of Atoms to Bits

Moores Law and More: Fast, Cheap Computing and What This Means for the Manager

Disruptive Technologies: Understanding the Giant Killers and Considerations for Avoiding Extinction

Amazoncom: an Empire Stretching From Cardboard Box to Kindle to Cloud

Social Media, Peer Production, and Web 2.0

The Sharing Economy, Collaborative Consumption, and Creating More Efficient Markets Through Technology

Facebook: a Billion-Plus Users, the High-Stakes Move to Mobile, and Big Business From the Social Graph

Rent the Runway: Entrepreneurs Expanding an Industry by Blending Tech With Fashion, John Gallaugher - Information Systems: a Managers Guide to Harnessing Technology, Version 6.0

Understanding Software: a Primer for Managers

Software in Flux: Open Source, Cloud, Vittualized and App-Driven Shifts

The Data Asset: Databases, Business Intelligence, Analytics, Big Data, and Competitive Advantage

A Managers Guide to the Internet and Telecommunications

Information Security: Barbarians at the Gateway and Just About Everywhere Else

Google in Three Parts: Search, Online Advertising, and an Alphabet of Opportunity

Filters

When developers of complementary products invest, time writing software-and users install, learn, and customize these products-___are created that enhance the _ of a given network.