Why Winner-Takes-All Thinking Doesn’t Apply to Silicon Valley
Harvard Business Review
MAY 4, 2016
With low entry costs, trivial sunk capital, easy switching by consumers, and disruptive innovation showing no signs of tapering off, every internet-based business faces risk, even if it has temporarily achieved winner-takes-all status. From around 1990 to 2010 Microsoft arguably ruled the information-technology industry.
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