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Ollie Has Developed a New Product for Radio That Allows

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Essay

Ollie has developed a new product for radio that allows the listener to rewind and listen to songs or dialogue that was missed. The listener can then resume play in live mode, similar to a DVR product used on home TVs. Ollie knows his competitive advantage will dwindle over time as new technology emerges. What can he do to secure the future of his product and himself as an innovator?


Definitions:

X-Road

A digital infrastructure that allows secure internet-based data exchange between information systems, primarily used in Estonia.

Electronic Platform

A digital framework that allows for the execution of services, transactions, or activities in a virtual environment.

Economic Growth

An increase in the production of goods and services in an economy over a period of time, often measured by GDP.

Moses Abramovitz

An American economist known for his contributions to economic growth theory and for his work on the measurement of economic productivity.

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