Case : Say " Charge It " with Your Cell Phone
Questions and Answers :
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?
Yes,
if possible somehow tie the profits to the cell phone company to traditional
telephone
companies to make some
money off it without putting them out of business. Then, make
traditional telephone more appealing to people
and possibly cheaper packages then what they
already have.
2) Using Porter's Five Forces describe the barriers to entry for this new technology.
We
can see by using the Porters’s Five Forces the barriers to entry barrier are product
or service
feature that customers have come to expect from organizations in a
particular industry and must
be offered by an entering
organization to compete and survive.
•
Cell
phone company must offer customer an array of services that this new technology
will provide.
Then , switching costs- are costs that can make customers reluctant
to switch to another product or service :
•
Cell
phone companies can monitor what customers buy
•
After many times of visiting sites they can
tailor products to what the customer
likes
•
If
they shop else where, there will be a switching cost since the new shopping
site does not have a profile of the
past’s purchases the customers made.
3) Which of Porter's three generic strategies is the new technology following?
The
Porter’s three generic strategies is the new technology is focused strategy to
target a niche
market. It is show to targeting the growing market of cell phone
users and purchasing products
and services from the cell phone.
4) Bescribe the value chain of the business of using cell phones as a payment method.
Value chain increase the infrastructure of phone companies and improve
technology development
are :
a.
Payment
method can receive/store information from the consumers purchases and send that
to the phone company.
b.
More
people will engage in this type of payment method.
5) What types of regulatory issues might occur due to this type of technology?
Type
of regulatory issues might occur due to this type of technology 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 issues is people will find a way to hack into cell
phones.
Alright , I think the case all answer and we will meet again . Thank you for reading my blog.
