Who is responsible? Cellular market build-up greatly reduced people’s need for Iridium’s service. Management did not properly account for the company’s revenue model. Iridium phones were too large and expensive, forcing the company to charge higher prices and compete in areas where cellular was unavailable. They could not compete with cellular service providers.
A great example of this would be the cable company providing cable television and a substitute to the cable company would be the satellite dish, and depending on where you live would provide the same quality and at a lower cost. Monopolies fear substitute companies because of the market share they take away, in recent years monopolies have tried to improve their image threw customer service. It is far more difficult for many sellers to charge a higher price than its competition because it would be trouble-free for buyers to obtain from other sellers instead. This results in a problem for the smaller companies trying to make a move into the bigger
o Capital Requirements: There are high capital requirements to enter the industry. (satellite cost=20 billion) o Economics of Scale: Because of the low monthly fees, the o revenues of the industry must be driven by economics of scale • Threat of Substitutes-Moderate The threat of substitute is when the product or service provided by a firm’s competitor meets the same needs as the ones being offered. Substitutes place the ceiling on the prices that an industry can charge and on the profits that can be earned. Because of the limitations of substitutes, the threat of substitutes for XM is moderate. o AM/FM radio: Has a cheaper price but doesn’t allow customers to hear commercial free radio o Internet radio: Has a higher monthly cost and some areas may not have access.
As technology advances, what impact does digital photography have on film photography, society, and children? When photographers were practicing film photography, material was expensive and there was no way to be sure that your photograph would come out decent. This meant photographers wouldn't dare waste a shot unless they were sure it would work. Now with the digital camera, film photography is becoming an ancient practice with each passing day. The profession of photography has expanded greatly but with the common ownership of a digital camera within society, careers in photography have declined.
By consolidation and retention of the competition, Service Experts was able to capture market share in the HVAC service. Service Experts made a brilliant move on the behalf of obtaining contractors that they have groomed and set up for success. This drove the growth strategy for the company, acquire and conquer are strategies that are used all too often in business. It can be seen as a process of forward integration, but in a service based module, and not a manufacturing base sense. The growth strategy of capturing market share and growing revenue to increase business presence in the market was achieved for Service Experts.
Customers and market research did not show a great desire for the new innovation or device, e.g. 8 inch disk drive customers had little desire for a smaller form factor device with a higher price. There was confusion about exactly what one would do with it, or how it fits into the existing market. The initial market was small. I believe the iPad meets each of these criteria.
Also, for the Droga5, the deal is also the great opportunity to prove creativity of the young agency and grow its reputation. 2. Where do you see synergies between these objectives? Firstly, the campaign devised by the Droga5 definitely needs the platform to help it execute the idea, and Microsoft, which was eager to promote the Bing, would be the perfect match with the campaign, providing the potential users an opportunity to try Bing. Secondly, even though Jay-Z is one of the biggest stars in the world, the traditional marketing campaign may not work to turn awareness into the buying
1. Using the Porter’s framework, we will examine the general and industry environment. Threat of New Entrants (SIC 3861) is low due to expensive and specialized equipment, patents on technology and equipment, great customer service and technical support; (SIC 7812) is low due to high costs to make films although educational and documentary films tend to be less expensive; (SIC 7822) is low as IMAX has long term contracts in place with current venues. Buyer Power (SIC 7812) is high as there are many companies that produce quality films and movies; (SIC 3861) is medium due to the many cinema companies although there is no real alternative to IMAX. Supplier Power (SIC 3861) is low.
In order for a company to be successful in any industry, it must adapt to its consumer tastes. The same applies in the photography industry, where companies like Kodak must be able to evolve with new consumer preferences. If a company does not offer the products and services that consumers demand then there is a high probability that consumers will shop elsewhere. In the photography field it is important that the products and services be not only user friendly, but offers a variety of features and easily transferable data. Some important features include zoom range, video recording, time between taking pictures (on digital cameras), and memory card and the length of time needed to transfer pictures.
In this essay I will discuss three reasons why 3D is not good. 3D films cost too much money to produce; the current level of technology out today is not ready. 3D movies are bad for your brain and eyes. The equipment used for filming 3D movies is very high tech for this time. It is not a good investment for this time period.