ADMS 1000 Lecture Notes - Lecture 8: Cost Leadership, Dominant Design, Avail

• School: York University
• Department: Administrative Studies
• Course: ADMS 1000
• Professor: Jeanna

Document Summary

The kind of strategies and technologies are being used, the decisions businesses are making. Impact of the types of strategies we are using, technological evolution, how does technology reach a peak in its innovation. The model broken down into 4 key phases. Introduction: discussions of entrepreneurships, research, design, innovation, tweaks, redevelop, more appealing. Growth: standardization of design, economies of scale, producing goods more efficiently. Maturity: strategize their ways to reach their peak. Heavily innovative, trying to experiment, research and development element, rather lots of small competitors, not monopolistically. Smartphones has actualy gained legitimacy in our society, introductory phase is highly experimental and have to prove legitimacy to gain more market share. Economies of scale more purchasing power, more negotiating power, greater economies of scales, the competitors are not going to be able to compete with you. A lot of power with you serving as a threat to the people in the industry.