Winner takes all in the networked economy
Kieran Levis
Ferocious competition is the norm in most of the networked economy, but a single supplier has dominated the markets for desktop software, internet search and online auctions almost from the outset. How did winners like Microsoft, Google and eBay manage not just to take virtually all the prizes but to hold on to them?
The winners' explanation would be that they are immensely innovative organisations that came up with vastly better products and services than their competitors and made them the standard. There is some truth in this, but much the...