1. Do you view this technology as a potential threat to traditional telephone companies? if so, what counter strategies could traditional telephone companies adopt to prepare for this technology.
2. Using Poter's five forces describe the barriers to entry for this technology.
3. Which Porter;s three generic strategies is the new technology following?
4. Describe the value chain of the business of using cell phone as a payment method.
5. what types of regulatory issues might occur due to this type of technology?
ANSWER
1. Yes i agree this technology as a potential traditional companies. therefore the counter strategies could traditonal telephone companies adopt to prepare for this technology by using focused strategies. focused strategy normally target to a niche market they only focus one group of user in their product. for example, M mobile in malaysia just focus to calling and massaging.its not have many application in the systems compared to others mobiles smartphone companies. M mobile should maintain it strategy to compete with others mobile companies because not all people like to using smartphone and perhaps they do not know how to use the application in the smartphone.
2. By using Porter's five forces the barriers to entry for this new technology is buyer power. Nowadays buyers has many choices to choose the best supplier. buyers should maintain their customer to make sure their customer loyal and use their product. for example, in blackberry smartphone using an application of IOS and samsung were using an application of adnroid. therefore the existence of the competitors cause barriers to them to improve and move aggressively to produce quality product well then, customer will choose the best and quality product. Next is supplier power, they need to diversify their product to maintain and complete with other supplier.for example acer using window and apple using mac. next threat of substitute product and service. when many technology product in market they want to compete with each other to be the best product. for example, if customer does not like one of the smartphone from samsung, they can change to HTC.
Threat a new entrants is the Porter's five forces the barriers to entry for this new technology. they want to introduce and attract people to buy their product. for example Motorola. event Motorola product producing traditional mobile product to compete with other company. lastly is rivalry among existence competitors. they do not think about another advanced product. for example, product already have in market, they just focus to compete with each other and to produce the same product like touch screen smartphone.
Threat a new entrants is the Porter's five forces the barriers to entry for this new technology. they want to introduce and attract people to buy their product. for example Motorola. event Motorola product producing traditional mobile product to compete with other company. lastly is rivalry among existence competitors. they do not think about another advanced product. for example, product already have in market, they just focus to compete with each other and to produce the same product like touch screen smartphone.
3. the Porter's three generic strategies is the new technology following is differentiation will create competitive advantage by distinguish their product on one or more features to their customer. For example, an apple product, they use an application of Mac, the identity logo is an apple shape, the colors are colorful, the shape are interesting. it can be distinguish clearly with the others product like nokia.
4. The value chain of business of using cell phone as a payment method such smartphone like android. this diagram show the flow of using cell phone as a payment method.
5. the regulatory issues might occur due to this type of technology is fraud. for example, is using others people credit cards to make transaction
5. the regulatory issues might occur due to this type of technology is fraud. for example, is using others people credit cards to make transaction
good!
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