Assalammualaikum... :)
Questions
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 technology give a treat to traditional telephone because nowadays almost customers use a smart phone and also handphone because easy to bring anywhere they go...as we know people rarely use a public phone..So, as a traditional telephone, they must to do a counter strategies follow with a differentiation.. Traditional telephone must provide or out other new product to customers such as, to do a good design at public phone. They can provide a touch screen at public phone and also can change the size to be a small. Besides that, they also can to do a line at public phone whether easy to customers when have a no coin in emergency condition. It is can help customers to easy and more can use a traditional phone. Traditional phone also can tell at customers about a advantages when use a traditional telephone. Besides that, they should to do a promotion about their product at internet such as facebook, twitter, tumblr, blog and so on.
2. Using of Poster's Five Forces describe the barriers to entry for this new technology.
answer: Nowadays, almost a type of phone, as we know in our country
provide many a sophisticated phone such as i-phone, samsung galaxy tab and so on. So it is can have a many barriers in this companies. Follow the poster's five forces can be seen for barriers at buyer power whether the buyer power high when buyers have many choice of whom to buy. It mean, competitors have a provide many type a phone and customers have a opportunity to choose a phone that they like.
For example, samsung have a big competitors from apple because apple more a provide many interesting phone. Seconds to supplier power.. For new technology, as a competitors because before that, buyer have a more technology in market. Organizations want supplier power low at their company and want high at their customers. When supplier power is high, buyers have few choices of whom to buy from,they can buy only company product but when a supplier power is low, customers
have a many choice because another company provide more product in market. Barriers of substitute product or service is competitors company have a many alternatives to their product such as apple company. So, for new company they must design a different brands, type, function. For example, use a phone to buy product. Fourth is treat of new entrants, when a company is new technology, it is a easy to competitors to enter a market because customers not longer know about a product. So, a organization must to do a promotion, give a launcher about their product and create
a more function in their phone compare with the competitors. And last is rivalry among existence competitors, high whether competitors is fierce in market such as a samsung and apple. So, as a new organization, give a discount at their product and also
can use a phone for any transaction.
3. Which of Poster's three generic strategies is the new technology following?
answer : In new technology, the generic strategies is very suitable is differentiation.... differentiation is create competitive advantage by distinguishing their products on one or more features important to their customers... as a new technology, the organizations should design their telephone to be more sophisticated and different with competitors company.... When organizations want to introduce their product, they can to do a different type of phone such as small size and can easy to bring anywhere... After that, organizations can create long-lasting battery which does not last long enough when using the internet on the phone, also can pay any bills and this is can help consumers cannot waste a time to pay a bills.. When the organizations have different function n their phone, the demand from consumers is high and consumers can always buy their product..
watch cellphone
4. Describe the value chain of the business of using cell phones as a payment method.
answer: value chain is process from customer to random their money. It means when customer pay to buy a phone, the money will go wherever.. For ex when customers buy a phone their money can go to company or organizations... it is can help company to get profit from their sale and can provide new product when the profit is high... After that, the money also can pay to supplier in company whether company can buy more material from supplier ex sim card, design phone and so on... as a result the company can run their business with their sale... and they also can create a new design to attract their customers...
5. What types of regulatory issues might occur due to this type of technology?
answer : many type of regulatory issues when customer use phone to do transaction such as buy cloth, shoes, accessories, pay bill and so on... so many regulatory can happen such as fraud... it is for company, follow to item delivering time, product not same... sometime the company cannot delivery the good but the money has be taken.. after that, the good not same with the sample or picture... for the customers, they can lie about their personal information to buy good such as use their friends phone... After that, the transaction also can cancel when system breakdown such as internet problem...
alhamdulillah siap assignment.... seronok nak bcuti!!! happy holiday friends!! :)
assalammualaikum!!!
next chap akn menyusul...
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