How might the SG act to ensure markets woork well for: Flashcards
(8 cards)
Businesses
ACTION: The Scottish Government will seek to gain a better understanding of the links between productivity and competition with the aim of developing metrics to measure this relationship.
Businesses’ Awareness of Competition Policy and Law
ACTION: The Scottish Government will work with business organisations to carry out research into Scottish businesses’ attitudes to competition and competition issues and will consider how to engage businesses more in competition matters.
Examples of Disruptive Technologies
Uber:
The world’s largest taxi company owns no taxis
Airbnb:
The largest accommodation provider owns no real estate
Skype:
The largest phone company owns no telecoms infrastructure
Facebook:
The most popular media owner creates no content
Netflix:
The world’s largest movie house owns no cinema’s
Apple & Google:
The largest software vendors do not write the apps
What are disruptive technologies?
the phenomenon by which an innovation transforms an existing market or sector by introducing simplicity, convenience, accessibility, and affordability where complication and high cost are the status quo
Disruptive Technologies and the Sharing Economy
ACTION: As part of a wider package of work considering the balance between competition and regulation, the Scottish Government will carry out research to consider how to ensure Scottish businesses are able to make the most of the arrival of disruptive technologies and that market structures do not unnecessarily restrict the entry of new disruptive business models
Scottish Consumers’ Experiences
ACTION: The Scottish Government will consider whether the demographic and geographic circumstances of Scottish consumers have an impact on their behaviour or whether there is a cultural tendency for Scottish consumers to be more loyal to Scottish brands, particularly in the regulated sectors.
Consumer Switching in the Regulated Sectors i.e cars, gas, electricty, broadband, banks etc
ACTION: The Scottish Government will undertake a survey to establish the extent of switching and the barriers that consumers face. We will use the results from this survey to identify the characteristics of different types of switchers with the aim of developing targeted policy interventions.
