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Kronos Effect
The Kronos effect is a term coined by Columbia Law School professor Tim Wu in his 2010 book '' The Master Switch: The Rise and Fall of Information Empires''. It describes how companies that establish early dominance in a period of disruptive innovation will do everything in their power to maintain their first-mover advantage. The name derives from Greek mythology, in which the Titan Kronos ate his own children in order to preempt the prophecy that one would dethrone him. In ''The Master Switch'', Wu described the Kronos effect as critical to the history of information technology. In his book, he gives the example of radio pioneer and American business executive David Sarnoff. Sarnoff was originally what Wu described as "a radio idealist," but later in his career when heading the Radio Corporation of America (RCA), he came to view newly emergent FM technology as a threat to incumbent AM businesses including RCA's own NBC network. Sarnoff went on to pressure the U.S. Federal Com ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Columbia Law School
Columbia Law School (CLS) is the Law school in the United States, law school of Columbia University, a Private university, private Ivy League university in New York City. The school was founded in 1858 as the Columbia College Law School. The university is known for its legal scholarship dating back to the 18th century. Graduates of the university's colonial predecessor, King's College, include such notable early-American legal figures as John Jay, the first chief justice of the United States, and Alexander Hamilton, the first United States Secretary of the Treasury, Secretary of the Treasury, who were co-authors of ''The Federalist Papers''. Columbia Law has many distinguished alumni, including United States presidents Theodore Roosevelt and Franklin Delano Roosevelt; ten justices of the Supreme Court of the United States; numerous U.S. Cabinet members and presidential advisers; US senators; representatives; governors; and more members of the ''Forbes 400'' than any other law sc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
FM Broadcasting
FM broadcasting is a method of radio broadcasting that uses frequency modulation (FM) of the radio broadcast carrier wave. Invented in 1933 by American engineer Edwin Armstrong, wide-band FM is used worldwide to transmit high fidelity, high-fidelity sound over broadcast radio. FM broadcasting offers higher fidelity—more accurate reproduction of the original program sound—than other broadcasting techniques, such as AM broadcasting. It is also less susceptible to Electromagnetic interference, common forms of interference, having less static and popping sounds than are often heard on AM. Therefore, FM is used for most broadcasts of music and general audio (in the audio spectrum). FM radio stations use the very high frequency range of radio frequency, radio frequencies. Broadcast bands Throughout the world, the FM broadcast band falls within the VHF part of the radio spectrum. Usually 87.5 to 108.0 MHz is used, or some portion of it, with few exceptions: * In the Commo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Innovation
Innovation is the practical implementation of ideas that result in the introduction of new goods or service (economics), services or improvement in offering goods or services. ISO TC 279 in the standard ISO 56000:2020 defines innovation as "a new or changed entity, realizing or redistributing value (economics), value". Others have different definitions; a common element in the definitions is a focus on newness, improvement, and spread of ideas or technologies. Innovation often takes place through the development of more-effective product (business), products, processes, Service (economics), services, technologies, art works or business models that innovators make available to Market (economics), markets, governments and society. Innovation is related to, but not the same as, ''invention'': innovation is more apt to involve the practical implementation of an invention (i.e. new / improved ability) to make a meaningful impact in a market or society, and not all innovations requir ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Monopoly
A monopoly (from Greek language, Greek and ) is a market in which one person or company is the only supplier of a particular good or service. A monopoly is characterized by a lack of economic Competition (economics), competition to produce a particular thing, a lack of viable substitute goods, and the possibility of a high monopoly price well above the seller's marginal cost that leads to a high monopoly profit. The verb ''monopolise'' or ''monopolize'' refers to the ''process'' by which a company gains the ability to raise prices or exclude competitors. In economics, a monopoly is a single seller. In law, a monopoly is a business entity that has significant market power, that is, the power to charge Monopoly price, overly high prices, which is associated with unfair price raises. Although monopolies may be big businesses, size is not a characteristic of a monopoly. A small business may still have the power to raise prices in a small industry (or market). A monopoly may als ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Broadcasting Company
The National Broadcasting Company (NBC) is an American commercial broadcast television and radio network serving as the flagship property of the NBC Entertainment division of NBCUniversal, a subsidiary of Comcast. It is one of NBCUniversal's two namesake flagship subsidiaries alongside Universal Studios. It is also one of the oldest stations in the United States. The headquarters of NBC is in New York City at the Comcast Building. NBC also notably has offices at the NBC Tower in Chicago, Illinois. Founded in 1926 by the Radio Corporation of America, NBC is the oldest of the traditional " Big Three" American television networks (with the other two going by the abbreviations of ABC and CBS) and is sometimes referred to as the Peacock Network in reference to its stylized peacock logo, which was introduced in 1956 to promote the company's innovations in early color broadcasting. NBC has twelve owned-and-operated stations and has affiliates in almost every TV market i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Television
Television (TV) is a telecommunication medium for transmitting moving images and sound. Additionally, the term can refer to a physical television set rather than the medium of transmission. Television is a mass medium for advertising, entertainment, news, and sports. The medium is capable of more than "radio broadcasting", which refers to an audio signal sent to radio receivers. Television became available in crude experimental forms in the 1920s, but only after several years of further development was the new technology marketed to consumers. After World War II, an improved form of black-and-white television broadcasting became popular in the United Kingdom and the United States, and television sets became commonplace in homes, businesses, and institutions. During the 1950s, television was the primary medium for influencing public opinion.Diggs-Brown, Barbara (2011''Strategic Public Relations: Audience Focused Practice''p. 48 In the mid-1960s, color broadcasting was ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Telegram
Telegraphy is the long-distance transmission of messages where the sender uses symbolic codes, known to the recipient, rather than a physical exchange of an object bearing the message. Thus flag semaphore is a method of telegraphy, whereas pigeon post is not. Ancient signalling systems, although sometimes quite extensive and sophisticated as in China, were generally not capable of transmitting arbitrary text messages. Possible messages were fixed and predetermined, so such systems are thus not true telegraphs. The earliest true telegraph put into widespread use was the Chappe telegraph, an optical telegraph invented by Claude Chappe in the late 18th century. The system was used extensively in France, and European nations occupied by France, during the Napoleonic era. The electric telegraph started to replace the optical telegraph in the mid-19th century. It was first taken up in Britain in the form of the Cooke and Wheatstone telegraph, initially used mostly as an aid to railw ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Telephone
A telephone, colloquially referred to as a phone, is a telecommunications device that enables two or more users to conduct a conversation when they are too far apart to be easily heard directly. A telephone converts sound, typically and most efficiently the human voice, into electronic signals that are transmitted via Electrical cable, cables and other communication channels to another telephone which reproduces the sound to the receiving user. The term is derived from and (, ''voice''), together meaning ''distant voice''. In 1876, Alexander Graham Bell was the first to be granted a United States patent for a device that produced clearly intelligible replication of the human voice at a second device. This instrument was further developed by many others, and became rapidly indispensable in business, government, and in households. The essential elements of a telephone are a microphone (''transmitter'') to speak into and an earphone (''receiver'') which reproduces the voice a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Western Union
The Western Union Company is an American multinational financial services corporation headquartered in Denver, Denver, Colorado. Founded in 1851 as the New York and Mississippi Valley Printing Telegraph Company in Rochester, New York, the company changed its name to the Western Union Telegraph Company in 1856 after merging with several other telegraph companies. It dominated the American telegraphy industry from the 1860s to the 1980s, pioneering technology such as telex and developing a range of telegraph-related services, including wire transfer, wire money transfer, in addition to its core business of transmitting and delivering telegram messages. After experiencing financial difficulties, it began to move its business away from communications in the 1980s and increasingly focused on its money-transfer services. It ceased its communications operations completely in 2006, at which time ''The New York Times'' described it as "the world's largest money-transfer business" and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
AM Broadcasting
AM broadcasting is radio broadcasting using amplitude modulation (AM) transmissions. It was the first method developed for making audio radio transmissions, and is still used worldwide, primarily for medium wave (also known as "AM band") transmissions, but also on the longwave and shortwave radio bands. The earliest experimental AM transmissions began in the early 1900s. However, widespread AM broadcasting was not established until the 1920s, following the development of vacuum tube receivers and transmitters. AM radio remained the dominant method of broadcasting for the next 30 years, a period called the " Golden Age of Radio", until television broadcasting became widespread in the 1950s and received much of the programming previously carried by radio. Later, AM radio's audiences declined greatly due to competition from FM (frequency modulation) radio, Digital Audio Broadcasting (DAB), satellite radio, HD (digital) radio, Internet radio, music streaming services, and podca ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Radio Corporation Of America
RCA Corporation was a major American electronics company, which was founded in 1919 as the Radio Corporation of America. It was initially a patent pool, patent trust owned by General Electric (GE), Westinghouse Electric Corporation, Westinghouse, AT&T Corporation and United Fruit Company. In 1932, RCA became an independent company after the partners were required to divest their ownership as part of the settlement of a government United States antitrust law, antitrust suit. An innovative and progressive company, RCA was the dominant electronics and communications firm in the United States for over five decades. In the early 1920s, RCA was at the forefront of the mushrooming radio industry as a major manufacturer of radio receivers, and the exclusive manufacturer of the first superheterodyne sets. The company also created the first nationwide American radio network, the National Broadcasting Company (NBC). RCA was also a pioneer in the introduction and development of television, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tim Wu
Timothy Shiou-Ming Wu (born 1971 or 1972) is a Taiwanese-American legal scholar who served as Special Assistant to the President for Technology and Competition Policy at the United States from 2021 to 2023. He is also a professor of law at Columbia University and a contributing opinion writer for ''The New York Times''. He is known legally and academically for significant contributions to Antitrust law, antitrust and communications policy, coining the phrase "network neutrality" in his 2003 law journal article, ''Network Neutrality, Broadband Discrimination''. In the late 2010s, Wu was a leading advocate for an antitrust lawsuit directed at the breakup of Facebook. Wu is a scholar of the media and technology industries, and his academic specialties include antitrust, copyright, and telecommunications law. He was named to ''The National Law Journal''s "America's 100 Most Influential Lawyers" in 2013, as well as to the "Politico 50" in 2014 and 2015. Additionally, Wu was named one ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
