I am stealing this term because it does a good job of articulating specific effects and communicating magnitude at the same time.
How do you disentangle something like this from something that keeps the relevant expertise but heavily impacts scale, like a drop in cost below some critical threshold?
I am stealing this term because it does a good job of articulating specific effects and communicating magnitude at the same time.
How do you disentangle something like this from something that keeps the relevant expertise but heavily impacts scale, like a drop in cost below some critical threshold?
If the old expertise still matters it’s likely that the established companies will be able to outcompete newcomers.
Intel for example develops microprocessors where there’s a lot of price drop from year to year but that doesn’t mean that there’s disruption.