Exam (elaborations)
BUS 5114 Unit 2 Discussion Assignment
- Course
- Institution
A guide to assignment on Moore's law
[Show more]
Seller
Follow
MasterAddis
Reviews received
Content preview
Discuss the implications of Moore’s law and faster, cheaper computing on a firm’s abilityto create a sustainable competitive advantage.
Moore's Law was coined after Gordon Moore's prediction that the counts of transistors on a
microchip will double every two years without an increase in cost (Moore, 1965). This law has
been modified to imply that the computing power of the microchip will double at roughly two
years. This allows the computer manufacturers to provide more powerful, smaller, and lighter
computing devices for the same price every two years.
The exponential growth seen in processing speed with lighter frames has opened up new
opportunities for the industry. One of the opportunities is that manufacturers can produce more
efficient and powerful computers. Additionally, the cost of high-spec computers is decreasing
annually making it more affordable (U.S. Bureau of Labor Statistics, 2020). Furthermore, the
enhancement of the computing power of a microchip facilitated advances in health care,
education, transportation, and many more.
Moore's Law has redefined the technology market where products have high demand but their
price is dropping (Gallaugher, 2013). Additionally, products will become obsolete within a short
period. Companies have to invent and produce at a fast rate and sell their products quickly. They
have to have a reliable and well-managed supply chain to cope with the pace.
Companies are still struggling to achieve an even smaller yet more powerful microchip to stay
ahead of the competition. However, many experts believe that Moore's law may not continue to
hold after 2020 (Tardi, 2021). Minimizing microchips further will require a large amount of
money, time, and energy. The smaller they are the more heat develops as it runs requiring a large
air conditioning system in turn requiring massive investment. Subsequently, the limit of what is
possible is approaching at a faster rate which is seen as a major threat.
Consequently, a change in focus towards application and software development that improves
the speed and efficiency of computers is a must. Most companies are nowadays capitalizing on
software advances like cloud computing, wireless communication, and the Internet of Things
(IoT) (Tardi, 2021). The ability of a firm to quickly grasp and apply these technologies will
determine if it will continue to stay competitive or not.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller MasterAddis. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $2.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
75323 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now