chapteR 2 QUEStion and aNSWER

QUESTION 1
Do you view this technology as a potential threat to traditional telephone companies?If so, what counterstrategies could tradtitonal telephone companies adopt to prepare for this technology?
-Yes,it is because now in the modern life have more technology will be made.So traditional telephone companies have many competitor when have a new technology.Traditional telephone companies must take the counterstrategies to adopt to prepare for this technology.The counterstrategies is a traditional telephone companies must make a new ideas such as make a new modal  for their companies and try to renew their phone but they can stay make traditional phone and can combine their ideas with their traditional phone.

QUESTION 2

Using Porter's Five Forces describe the barriers to entry for this new technology.

-Threat of new entrants is a Porter's Five Forces the barries to entry for this new technolgy.High,when it is easy for new competitor to enter a market.Low,when there are significant entry barriers to entering a market.Entry barrier is a product or services feature that customer have come to expect from organizations and must be offered by entering organization to compete and survive.Example new bank offers online paying bills.

QUESTION 3

Which of Porter's three generic strategies is the new technology following?

 -Suitable Porter's generic strategies is a focused strategy.Focused strategy is a target to a niche market and concentrates on either cost leadership or differentiation.

 

QUESTION 4

Describe the value chain of the business of using cell phone as a payment method.
-Value chain of the business of using cell phone as a payment method can help cell phone to facilitate the daily work and help make easier to get information and payment method.

QUESTION 5

What types of regolatory issues might occur due this type of technology?
-Hacker,hacker is a cyber criminal.Now,in the modern technology people have more good knowledge to know about technology.When people have knowledge about technology,sometimes people like to use the knowledge on the wrong ways.