After having closelyI read the \"Meta: Facebook's Pivot tothe Metaverse A Path to Dystopia or Blue Ocean Utopia?" please answerthe following ouestions: 1. Is lvleta's metaverse on trackto offer a leap in value to users (value innovation], or is it more akin to technology innovation that advances technology without necessarily delivering a compelling leap in value for users? Explain yourthinking. Denitions: Value innovation is the cornerstone of Chan Kim 8: Renee Mauborgne's Blue Ocean Strategy. The term refers to the simultaneous pursuit of differentiation and low cost. Value innovation focuses on creating a leap ofvalue for buyers, thereby opening new and uncontested market space. The logic ofvalue innovation is fundamentally different from that of competitive strategy, which takes an industrystructure as given and seeks to pursue either differentiated value at higher cost or comparable value at lower cost under structural constraints. 'v'alue innovation seeks to break the valuecost trade-off by increasing buyer value while lowering costs. Technology innovation focuses on creating and delivering technology from which buyers are expected to derive value. Technology innovators focus on the technology itself under the assumption that buyers will eventually nd value. There is a saving in Silicon lv'alley, "Build it and they will come." However, whethertechnology innovation is linked to buyer value comes down to whether and how it offers buyers a leap in value that makes their lives more productive, more convenient, simpler, less costlyr less risky, more stylish, more fun, or more meaningful through its positive influence on the world. In other words, whether it achieves value innovation. Withoutthis link, the technology innovation is unlikely to open a commercially compelling new market. For example, Xerox PA RC's technological innovations such as the graphical user interface largely sat in their labs until Steve Jobs saw them and linked them to value, opening a commercially compelling new market of easy-to-use PCs. In your answer and discussion consider exploring what happened or not to a previous Metaverse called \"Second life\" If Meta realizes its intention of creating one enormous metaverse, it will yield even greater political, social, and economic power for the business. Are there safety issues with one business holdingthis much control? How could this best be mitigated a breakup of the business? government regulation? something else? 3. Matthew Hall argues that it is developers who will control the metaverse, the digital 4. creators who will build what lvleta hopes to be a blue ocean, a new market space that is a win for society and customers. Do you agree? Why or why not? If Meta is committed to using less data for targeted advertising, as it claims, what might be its business model