The Internet is contributing to economic growth that exceeds the pace of the Industrial Revolution of the 1800s. A recent report by Mckinsey suggests that Internet use has created GDP growth of 3.4% in 13 of the most developed countries in the world. It is not a secret that Traditional sectors of the company are being enhanced and also disrupted by technology. Fueled by the unprecedented growth of companies like Apple, Google, Amazon and Facebook, the rise of venture capital firms, academy-award winning films like the social network, the bestselling biography of Steve Jobs, and the disproportionate media coverage of the sector, the internet economy has captured the imagination of the country and the world. However, in recent weeks the sector has been under assault by investors in the public markets.
This seminar seeks to explore many of the current trends taking place in the Internet ecosystem through a cross-functional approach. At the end of the course, students should have gained a deeper understanding of the market dynamics in the internet economy, the strategic decisions firms need to make, the overall regulatory framework, the relationship between firms to each other and to governments, and a working knowledge of applicable public policy and legal concepts, such as antitrust, intellectual property, privacy, constitutional and international legal doctrines.
Jared Grusd was a Columbia Business School faculty member from to 2016.