The impact of the Internet on business activity and industry strategy is now starting to be appreciated. Established corporations as well as startup firms are utilizing the Internet to create new markets and reorganize existing markets. Ubiquity and low cost make the Internet a powerful force...

The discipline of economics has treated technological standards creation as an outcome of network externalities and decisions on the demand side. They pay little attention to the supply side, where firms make strategic choices as to which standard to support. These choices can ignite a contest...

The literature and common belief holds that the acquisition of high- technology firms in rapidly evolving markets normally results in failure. Cisco, however, has successfully grown through the conscious and deliberate use of acquisitions to become the dominant global networking equipment...