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..:)