IDSC Test A

the total value of a publicly traded firm - can be calculated by multiplying the number of a firm's shares by its current share price

the portion of a firm focused on innovation, typically pioneering advances that will eventually arrive as new products and technologies

the part of the computer that executes the instructions of a computer program

a massive network of computer servers running software to coordinate their collective use - they provide the infrastructure backbone to SaaS and hardware cloud efforts, as well as many large-scale Internet services

financial performance that consistently outperforms industry averages

performing the same tasks better than rivals perform them

a basic good that can be interchanged with nearly identical offerings by others

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

a technology that superimposes content, such as images and animation, on top of real-world images

performing different tasks than rivals, or the same tasks in a different way

the strategic thinking approach suggesting that if a firm is to maintain sustainable competitive advantage, it must control an exploitable resource or set of resources that have four critical characteristics (valuable, rare, imperfectly imitable, nonsubstitutable)

a technology that increases the transmission capacity (and hence speed) of fiber-optic cable - transmissions using fiber are accomplished by transmitting light inside 'glass' cables - in DWDM, the light inside fiber is split into different wavelengths in a way similar to how a prism splits light into different colors

a way of doing business that competitors struggle to replicate and that frequently involves technology in a key enabling role

the set of activities through which a product or service is created and delivered to customers

in strategic management, this refers to a firm's attempt to occupy more than one position, while failing to match the benefits of a more efficient, singularly focused rival

the symbolic embodiment of all the information connected with a product or service

leveraging consumers to promote a product or service

advantages related to size

when costs can be spread across increasing units of production or in serving multiple customers - businesses that have favorable economies of scale (like many Internet firms) are sometimes referred to as being highly scalable

the cost a consumer incurs when moving from one product to another - it can involve actual money spent (e.g. buying a new product) as well as investments in time, any data loss, and so forth

when the value of a product or service increases as its number of users expands

the path through which products or services get to customers

selling products available separately as a single package - can be especially effective when a software product or service is included with a hardware product - can also be tricky as it can raise a risk of unfair competitive practices, especially if a firm has a monopoly or otherwise large amount of market control

programming hooks or guidelines published by firms that tell other programs how to get a service to perform a task such as send or receive data - for example, Amazon provides these to let developers write their own applications and websites that can send the firm orders

third parties that promote a product or service, typically in exchange for a cut of any sales

these firms make money by acquiring and asserting patents rather than bringing products and services to market

a framework considering the interplay between (1) the intensity of rivalry among existing competitors, (2) the threat of new entrants, (3) the threat of substitute goods or services, (4) the bargaining power of buyers, and (5) the bargaining power of suppliers

the degree to which complete information is available

a decision situation where one party has more or better information than its counterparty

Improved Data Management, the Internet of Things, and AI created this business revolution

low cost sensors processors and communication are embedded in a wide array of products and our environment

US law that provides some protection from copycats attempting to identically mimic products and methods

chip performance per dollar doubles every 18 months

sensor data and video are examples of this type of data

a set of decisions made to achieve competitive advantage

the ability of a firm to outperform its competitors in financial measures

inbound logistics, operations, outbound logistics, marketing and sales, support

firm infrastructure, human resource management, technology/research development, procurement

customers, competition, data, innovation, value