Available under Creative Commons-ShareAlike 4.0 International License.
Editor: Leyland Pitt (Simon Fraser University, Canada)
Learning Objectives
- Define a business opportunity, especially in a business to customer setting
- Understand what is mean by the “new five forces” and how these forces generate business opportunities
- Explain Moore’s Law and its effects
- Explain Metcalfe’s Law, and how it operates in network settings
- Understand “Coasian”, or transaction cost economics, and how innovations in communication technologies affect the costs of firms and markets
- Understand and explain the “flock of birds” and “fishtank” phenomena
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