Combine (Moores Law, Gilders Law, Metcalf's Law, and the Law of Disruption) and you get ...... "The Killer App!"
- Kiler Apps are reducing transaction costs dramatically for nearly all goods and services.
- They: are doing so much faster in the open market then they are for firms.
- As the market becomes more efficient, the size and organizational complexity of the modern industrial firm becomes uneconomic, since firms exist only to the extent that they reduce transation costs more effectively. [So they either shrink or disappear altogether!]
- A Secondary Effect is that the firms which do survive have had their very nature changed.
- The law of Dimminishing Firms changes the "marketplace" into a "marketspace" (Cyber that is...)
- Sure signs of the times sudden mergers of formerly stable industries. Seen any lately?
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