ISYS1021 Study Guide - Final Guide: Code Injection, Osborne Effect, Collaborative Filtering
2 Apr 2014
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Getting non-employees to perform work for you. (ex. Wikipedia allows the public to edit pages) (kyle nakamura) Alternative answer:open source: creating intellectual property and giving it away for free. (yetong li) Exists when savvy rivals watch a pioneer"s efforts, learn from their successes and missteps, then enter the market quickly with a comparable or superior product at a lower cost before the first mover can dominate. Example- tivo started out as the industry leader, and soon fell behind the more powerful cable competitors. (kyle nakamura) Using it platform to reach customers in new ways. Point of sale systems (ted davenport) ex. ebay creating a medium for collectors of unique items to find these items or netflix creating a market for obscure movies. What a company does better than anyone else. Ex: walmart"s supply chaining is much more efficient than other companies, and is vital for the company"s success. (jeff martin)
