Economical Analysis of Worldbiotechcom, Inc Essay

Economical Analysis of Worldbiotechcom, Inc - Essay Example The former was driven by the introduction of cars, television, radio and electric power while the latter resulted from the use of Internet and emergence of e-commerce. NASDAQ index spiked then abruptly went into a steep decline after the dot-com bubble burst leading many investors to bankruptcy. There was so much hype in the new technologies as the forecasted prospects were very promising only to be dismayed by modest results and dismal returns. For example, so many people invested in the Internet because they thought that they could easily gain an easy buck given the increasing availability, accessibility and minimal investments it requires. Instead, they were driven to bankruptcy by websites offering free services. (Smith et al 2002 ; Topol 2003) The most pressing problem with regards to the new transport system is not so much in the entry of other players or the saturation of the market but in the inherent risk in using it. While other means of transportation such as automobiles, ships and airplanes have their own death statistics, they offer a relatively higher degree of confidence because these modes can be maneuvered and abandoned to prevent the loss of life and limbs. Even if we insist that the transport mode is safe and use simulation runs as evidence, we can never discount the possibility of an accident. A single accident could send tremors across the whole industry and send it tumbling down because people would be scared of the prospect of being atomized to nothingness and being unable to do something about it. It is expected that exceptional mandatory quality standards will be implemented by the government in light of the risks involved in the use of the technology. The worst case scenario would include the disclosure on the hazard of using the technology which can dissuade potential buyers or users. Controls on employment or production such as exhaustive testing could prove to be very