Question

A prime example of the negatives effectives of "Path Dependency" is the QWERTY keyboard layout, which persists in usage despite there being far more efficient ways to organize a keyboard. Path Dependency can also be used to maintain a sustainable competitive advantage. Identify a firm and product that has used path dependency to its advantage and discuss how this was accomplished.

Must be 3 paragraphs.

Answer 1

A prime example of the negatives effectives of "Path Dependency" is the QWERTY keyboard layout, which persists in usage despite there being far more efficient ways to organize a keyboard. Path Dependency can also be used to maintain a sustainable competitive advantage. Identify a firm and product, other than Apple, that has used path dependency to its advantage and discuss how this was accomplished.

solution

Path dependence explains how the set of decisions one faces for any given circumstance is limited by the decisions one has made in the past or by the events that one has experienced, even though past circumstances may no longer be relevant.For example the company that used to doing this was Sony who were the original developers of Betamax.This firm was not very interested in supporting the pornographic video industry and nearly all ponographic motion picture released were to use the VHS format.

Now how it was achieved was that an alternative analyses is that VHS was well adopted to the market demands since it had an adventage that it had a longer recording time.If we can inteplate this the path dependence had very little to do with VHS's success which actually would have occurred even if Betamax had established an early lead.