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Keyword: open system

Genericization as a Market Maker (1/14/2006)

The creation of a new market typically involves the simultaneous development of interlocking parts. Sacrificing the short-term gain for at least one part is often necessary to overcome initial supplier or buyer inertia.

Keywords: Apple, critical mass, Dell, genericization, IBM, Mac, Microsoft, open system, PC, proprietary system, standardized parts, two-sided market

Tuned out (6/22/2006)

The popularity of iPods locks in customer loyalty to the closed iPod-iTunes portable music playing system.

Keywords: Apple, closed system, copy protection, FairPlay Fair Play, iPods, iTunes, lock-in, MP3 player, music, open system, songs