Manufacturing Industry
Greenspan and AMR Research on innovation in enterprise software markets.
Manufacturing Business Technology, January, 2007
By Staff Two opposing viewpoints on prospects for continuing innovation in enterprise business applications were debated at the recent AMR Research Executive Leadership Conference, and no less a personage than Alan Greenspan, former Federal Reserve chairman, contributed to the discussion.
Asked about the impact of vendor consolidation in high-tech markets, Greenspan said, "When you move away from the manufacture of physical things to conceptual products, you are in an environment where you have high fixed costs, but low variable costs." In other words, it costs plenty of money to develop a software solution, but once done, making copies of it is relatively cheap. "By its nature," continued Greenspan, "this kind of situation leads to...
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