ADMS 3960 Lecture 7: Lecture 7 - technology, competition, innovation and productivity ADMS 3960
9 Dec 2017
School
Department
Course
Professor
Document Summary
Context video: how technology has expanded and how vast innovation has been over the years. Uber : was not available over a decade ago but now allows people to work where they want and when they want. Competition is when 2 or more entities (companies or countries) vie for limited resources or markets. Innovation drives competition: have allowed for other companies to innovate new products to compete and steal market share from big competitors in the marketplace e. g. apple. If they are a lot of barriers to entry then there would be less competition in an industry. How difficult or easy it is to get out. If it is difficult to get out then competition would be less in that industry. Uber had to exit the chinese market as they were facing an immense amount of n and. Uber had to exit the chinese market as they were facing an immense amount of competition from chinese transportation company didi.
