Strategy and Technology

Strategy and Technology

Referencing Styles : APA | Pages : 2

1. Describe standardization, format wars, and how standardization can lead to a format war. 

2. Once standardization occurs, how does the industry benefit? 

3. During a format war, describe how competition occurs and how a price war can take shape. 

4. Define first and second movers. How do these two entities interact within and industry, and who learns what as the industry takes shape?