The Main Lesson Learned from the Standards Wars Involving VHS

question 47

True/False

The main lesson learned from the standards wars involving VHS and Betamax in VCRs and between the Apple Mac and IBM PC in personal computers was that liberal licensing of technology is the key to building market leadership.

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Definitions:

Locus Of Control

A psychological concept referring to the degree to which individuals believe that they have control over the outcome of events in their lives.

Politicking

Engaging in political maneuvering or strategizing, often within an organizational context.

Organizational Politics

The complex, often strategic actions and processes within a workplace or organization aimed at using power and social networks to achieve specific goals.

Keeping In Check

The act of controlling or limiting something to prevent it from becoming too powerful or problematic.