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Building a New Market System: Effective Action, Redirection and Generative Relationships

  • David Lane
  • Robert Maxfield
Part of the Methodos Series book series (METH, volume 7)

In this chapter, we describe some episodes in the early history of LonWorks, a technology for distributed control networks.1 LonWorks was introduced in December, 1990 by Echelon, a Silicon Valley start-up company. The launch generated considerable enthusiasm: the editor of one leading control engineering trade journal even predicted that LonWorks would do for control what the microprocessor did for computing. While that prediction still remains to be realized, LonWorks has found many applications in the past 18 years, and Echelon has enjoyed a steady if not spectacular growth over the same period. By end of LonWork’s first decade, over 3000 companies had purchased LonWorks development tools, and more than 5000 products incorporating LonWorks technology had been brought to market.

Keywords

Venture Capitalist Management Team Control Network Business Plan Market System 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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References

  1. D. Lane &R. Maxfield (1997), Foresight, complexity and strategy. In W. B. Arthur, S. Durlauf, &D. Lane (Eds.). Economy as a complex, evolving system II. (pp. 169–198). Addison-Wesley.Google Scholar
  2. D. Lane &R. Maxfield (2005), Ontological uncertainty and innovation, Journal of Evolutionary Economics, 15, 3–50.CrossRefGoogle Scholar

Copyright information

© Springer Science+Business Media B.V. 2009

Authors and Affiliations

  • David Lane
    • 1
  • Robert Maxfield
  1. 1.Università di Modena e Reggio EmiliaReggio EmiliaItaly

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