Question

Subject; Innovation and technology management

A single product or process architecture that dominates a product category usually 50% or more of the market. A dominant design is a de facto standard, meaning that while it may be officially enforced or acknowledged, it has become a standard for the industry. Are dominant designs beneficial for competitors, consumers, complementors, and suppliers?

Answer 1

Complementors can profit by the foundation of a dominant design by not squandering assets creating for different stages that don't flourish and from an extended market for their items. Different providers might have valuing power diminished except if they themselves are a syndication.

Consumer

The appropriate response is yes if the advantages collected by shoppers through far and wide selection of an innovation exceeds the expenses related with an imposing business model (for example more exorbitant costs, less item, assortment, and so on) Obviously the appropriate response is no if the advantages accumulated don't exceed the expenses.

Competetor

With respect to contenders the appropriate response is no except if the innovation is "open" (not secured by protected innovation rights) or your firm is the proprietor of the innovation that turns into the prevailing plan. Firms that don't have their innovation embraced lose their interest in their innovation and furthermore need to play get up to speed so as to contend with the firm that possesses the prevailing plan. The firm that possesses the innovation that turns into the predominant plan profits by exceptional yields and their capacity to influence the advancements improvement direction further supporting their prevailing situation in the business.

Supplier

With respect to supplier the foundation of a solitary predominant plan is probably going to decrease their capacity as providers, yet additionally diminishes the market vulnerability they face and the wipes out the expense of attempting to help different contending innovations. Complementors regularly need help from the firm that possesses the innovation, (for example, the delivering of PC code)