Presentation on Networks in terms of Economics

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Presentation on Networks in terms of Economics

  1. 1. GAURAV TARANEKAR SCHUMPETER HALL 09PR001012B067 NETWORKS
  2. 2. Agenda <ul><li>Introduction </li></ul><ul><li>Importance of Network </li></ul><ul><li>Types of Network </li></ul><ul><li>Features of Network </li></ul><ul><li>Conclusion </li></ul>
  3. 3. Introduction <ul><li>A network is a series of points or nodes interconnected by communication paths. </li></ul><ul><ul><li>Communication Network </li></ul></ul><ul><ul><li>Rail/Road Network </li></ul></ul><ul><ul><li>Social Network </li></ul></ul>
  4. 4. Why Network is Important <ul><li>Many products have little use by themselves and generate value only when they are used with combination of other products. Such products are strongly complementary. </li></ul><ul><ul><li>ATM cards </li></ul></ul><ul><ul><li>Fuel Stations </li></ul></ul><ul><ul><li>Pipelines </li></ul></ul>
  5. 5. Types of Network
  6. 6. Communication Network <ul><li>A  telecommunications network  is a network of telecommunications links and nodes arranged so that messages may be passed from one part of the network to another over multiple links and through various nodes. </li></ul>
  7. 7. Power Grids <ul><li>Electric power transmission  is the bulk transfer of electrical energy, a process in the delivery of electricity to consumers. </li></ul>
  8. 8. Business Networking <ul><li>Business networking  is a marketing method by which business opportunities are created through networks of like-minded business people. </li></ul><ul><ul><li>Online business networking </li></ul></ul><ul><ul><li>Face-to-face business networking </li></ul></ul><ul><ul><li>General business networking </li></ul></ul>
  9. 9. Social Networking <ul><li>A  social network  is a social structure made of individuals called &quot;nodes,&quot; which are connected by one or more specific types of interdependency, such as friendship, financial exchange, dislike, knowledge or prestige . </li></ul>
  10. 10. Network Marketing <ul><li>Network Marketing is a term that describes a marketing structure which is designed to create a marketing and sales force by compensating promoters of company products. </li></ul><ul><ul><li>Products of company marketed directly to the customers. </li></ul></ul><ul><ul><li>Independent, Unsalaried persons are used. </li></ul></ul><ul><ul><li>They all work on the commission base. </li></ul></ul>
  11. 11. Features of Network <ul><li>Network markets are “tippy”. </li></ul><ul><ul><li>Equilibrium market tips toward one or few products. </li></ul></ul><ul><ul><li>Computer operating system </li></ul></ul><ul><ul><ul><ul><ul><li>Microsoft Windows </li></ul></ul></ul></ul></ul><ul><li>History Matters in Network markets. </li></ul><ul><ul><li>QWERTY keyboard </li></ul></ul><ul><li>Networks involve a complicated interplay of economies of scale, expectations, dynamics and tipping. </li></ul><ul><ul><li>Winner-take all </li></ul></ul>
  12. 12. QUERIES ??? THANK YOU

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