Business Discussion Explain the Purpose Discussion Chapter

Open, View, and/or
Download this Document

Total Length: 901 words ( 3 double-spaced pages)

Total Sources: 2

Page 1 of 3

Microsoft also uses the resource-based model of above average returns to continually monitor competitors, sales channels, and most importantly customer and new technological changes . All of these elements are included in how the resource-based model of above-average returns is implemented in the world's largest software company (Gomes, 2009).

Compare Google with Facebook. In terms of the five forces of competition, how are these companies competing against each other?

Google and Facebook are competing on several fronts the most significant being social networks and content aggregation including contextual search. Both Google and Facebook compete across social networks, yet long-term the greater competitive rivalry will be in the areas of aggregated and contextual search (Wall Street Journal, 2012). The five forces of competition including bargaining power of customers, threat of new entrants, threat of substitute products and bargaining power of suppliers all combine to define the competitive rivalry in an industry (Porter, 2008). In the social networking areas of Google and Facebook's competitive direction the bargaining power of customers is exceptionally strong as their loyalty drive advertisement revenues for both businesses (Wall Street Journal, 2012). And advertising revenue is the strongest source of revenue each company has. The secondary area of competitive rivalry is aggregated and contextual search (Gomes, 2009).

Stuck Writing Your "Business Discussion Explain the Purpose" Discussion Chapter?

View All Our Example Business Discussion Explain the Purpose Discussion Chapter

Have A Custom Example Essay Written

The dominant competitive force on this dimension of their business is the threat of substitute products. As the pace of technological change continues to accelerate, both Facebook and Google will face significant competition on this area of their business models.

Describe the elements of an organization's external environment. Why is it important to understand the external environment include discussion of opportunities and threats?

There are a myriad of factors in an organization's external environment. These include the microeconomic and macroeconomic forces, customer and competitor dynamics and trends, pricing and related elasticity and substitute products, and the definition of demand curves for each product. There are also the supply chain, sourcing, procurement and distribution channel management strategies that are also critically important as well. It is imperative to understand all of these factors to better mitigate risk and get the most value out of opportunities. Many of the best-run organizations have a framework for continually monitoring, classifying and acting on specific cues from their external environment. In WalMart there are systems like this for managing supply chain risk and opportunities, including optimizing supply chain performance over time

(WalMart Investor Relations, 2013)......

Show More ⇣

     Open the full completed essay and source list


OR

     Order a one-of-a-kind custom essay on this topic


sample essay writing service

Cite This Resource:

Latest APA Format (6th edition)

Copy Reference
"Business Discussion Explain The Purpose" (2013, May 08) Retrieved May 20, 2024, from
https://www.aceyourpaper.com/essays/business-discussion-explain-purpose-88453

Latest MLA Format (8th edition)

Copy Reference
"Business Discussion Explain The Purpose" 08 May 2013. Web.20 May. 2024. <
https://www.aceyourpaper.com/essays/business-discussion-explain-purpose-88453>

Latest Chicago Format (16th edition)

Copy Reference
"Business Discussion Explain The Purpose", 08 May 2013, Accessed.20 May. 2024,
https://www.aceyourpaper.com/essays/business-discussion-explain-purpose-88453
   

Open, View, and/or
Download this Document
order custom essay example