Assalamualaikum. In this post i would like to share for you about the problem or the question that always happen to the traditional companies now day because the technology. This problem should be handle smartly or this kind of company will be abandoned with technology.

 Question.

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.?

Answer.

Yes, This traditional telephone companies have potential threat for this technology. This companies should upgrade their telephone more interesting for example do a new design that have a market for costumer now day and do a renovation in company example make a new place for costumer that appreciate their time to come and make a choice. This companies have use a internet to costumer who want to make purchase. This kind of technology will help the companies to improve their quality of service because costumer will give the feedback or complaint to them. This companies should come out with their own  idea that will get the attention from costumer and will increase the sale for the companies.  For  the old design their should slow down the demand to give the space for a new product. This companies have to make a marketing market in a big portion and use the internet for primary marketing. If this companies do a new way and follow the technology they will be a competitor for their competitor.

 Question.

2. using porter's five forces describe the barriers to entry for this new technology.

Answer.

1. The threat of the entry of new competitors
2. The intensity of competitive rivalry
3. Threat of substitute product or services
4. The bargaining power of customer
5. The bargaining power of supplier

Question.

3.Which of porter's three generic strategies is the new technology following?

Answer.

This company will chose the focused strategy to practice based the three generics strategies. It is because a target to a niche market and concentrates on either cost leadership or differentiation. cost strategy will have competitive scope. broad market have cost leadership and differentiation. than narrow market have a focused strategy.

Question.

4.Describe the value chain of the business of using cell phone as a payment method.

Answer.

Value chain increase the infrastructure of phone companies and improve technology development are:
-payment method can receive/store information from the consumer purchase and sent that to the phone    company.
-More people will engage in this type of payment method.

Question.

5.What type of regulatory issue might occur due to this type of technology ?

Answer.

Type of regulatory issue might occur due to this type of technology is people will be skeptical with putting personal information out there not knowing what kind of security protection the company has. Then another type of regulatory issue is people will find the way to hack into a call phone.

Thank You..:)  

 Assalamualaikum . In this post i would to tell about second chapter in the subject of Information technology (competitive Advantages) . This chapter will tell us about the porter's five forces model . what is this mean actually.? i will summarize about this chapter for you all. This is means the useful tool to aid organization in challenging decision whether to join a new industry or industry segment.

Here the diagram of Porter's Five Forces Model :

Porter's Five Forces Model consist of
1) Threat of new entrants.

2) Bargaining power of customers.
3) Treat of substitutes.
4) Bargaining power of suppliers.
5) Rivalry among competitors.

    The first one is a New Entry Of A Competitor into your market also weakens your power. Threat of new entry depends upon entry and exit barriers. Threat of new entry is high when capital requirements to start the business are less, a few economies of scale are in place, customers can easily switch (low switching cost), your key technology is not hard to acquire or isn't protected well, and your product is not differentiated. Some new firms enter into industry and low performing companies leave the market easily. When both entry and exit barriers are high then profit margin is also high but companies face more risk because poor performance companies stay in and fight it out. When these barriers are low then firms easily enter and exit the industry, profit is low. The worst condition is when entry barriers are low and exit barriers are high then in good times firms enter and it become very difficult to exit in bad times.

     Secondly are Bargaining Power Of Customer. It is means, How much control the buyers have to drive down your products price, Can they work together in ordering large volumes. Buyers or customers have more bargaining power when few buyers chasing too many goods, buyer purchases in bulk quantities, product is not differentiated, buyer’s cost of switching to a competitors’ product is low, Shopping cost is low, buyers are price sensitive, credible Threat of integration.
Buyer’s Bargaining Power may be lowered down by offering differentiated product. If you’re serving a few but huge quantity ordering buyers, then they have the power to dictate you.

    Thirdly are Threat Of Substitute Products. Threat of substitutes are means how easily your customers can switch to your competitors product.Threat of substitute is High when there are many substitute products available and the customer can easily find the product or service that you’re offering at the same or less price. The substitutes are a threat to your company. When there are actual and potential substitute products available then segment is unattractive. Profits and prices are effected by substitutes so, there is need to closely monitor price trends. In substitute industries, and if competition rises or technology modernizes then prices and profits decline.

     Next are Bargaining Power Of Suppliers. It is means how strong is the position of a seller.  How much your supplier have control over increasing the Price of supplies. Suppliers are more powerful when the suppliers are concentrated and well organized, and a few substitutes available to supplies. When suppliers have more control over supplies and its prices that segment is less attractive. It is best way to make win-win relation with suppliers. It’s good idea to have multi-sources of supply.

    The last forces model are Rivalry Among Competitors. It means the intensity of competition among the existing competitors in the market. Intensity of rivalry depends on the number of competitors and their capabilities. Industry rivalry is high when here are number of small or equal competitors and less when there’s a clear market leader, customers have low switching costs, industry is growing, and exit barriers are high and rivals stay and compete.

CHAPTER ONE(BUSINESS DRIVEN TECHNOLOGY)

         Assalamualaikum everyone. In this post i wanna talk about the important information technology in our life that will solve problems in our work. With I.T we can communicate with people in no limit and for who make a business it will reduce cost and improving productivity and generating growth of the business.      

                        Information technology(IT) in our life is very important now day. IT will help our work to manage and process information and can be an important enabler of business success and innovation. Management Information systems(MIS) will help in business function just as marketing, finance, operation and human resources. The first Important element  MIS  is data converted into a meaningful and useful context. business intelligence help companies gain a more comprehensive knowledge of the factors affecting business.

                   IT Resources have people, information and information technology. IT Cultures  will influence the way people use information and will reflect the importance that company leader attribute to the use of information in achieving success or avoiding failure. organizational information cultures, information-functional culture, information-sharing culture, information-inquiring culture, information- discovery culture. The End..

     

business driven technology