Although Large Investments in Technology Can Create Entry Barriers for Present

question 90

Short Answer

Although large investments in technology can create entry barriers for present or prospective players in an industry, the barriers can evaporate over time as competitors employ the new technologies. This is an example of IT becoming a competitive _______________.

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Definitions:

Bystander Effect

A phenomenon within social psychology where individuals become less inclined to assist a victim when there are other bystanders around.

World Trade Center

A large complex of office buildings in Lower Manhattan, New York City, well-known for being the site of the September 11, 2001 terrorist attacks.

Contagious

Capable of being transmitted from one person or organism to another, typically referring to diseases.

Crisis

A critical or crucial stage or situation whose outcome will have a significantly positive or negative impact on an individual or group.