In the process of looking for the value of the investment in order to effectively guard against unnecessary risks,we believe that the capital market is certainly concerned about the fate and characteristics of the IT industry. For most of the traditional industries, the market is fragmented is their salient features,the IT industry has been considered to be a highly concentrated industry. Through case studies,this article confirmed that the IT industry does have the obvious winner-take-al feature. The same time,we found that the effects of economies of scale in R & D investment is the key to promote the industry characteristics of winner takes al ,and pointed out that the continuous R & D investment is a prerequisite for economies of scale.
law of IT industrywinner-take-aleconomies of scaleR&D
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