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,TRADITIONAL TELEPHONE COMPANIES HAVE TO UPGRADE THEIR TECHNOLOGY FOR IN TANDEM WITH OTHER COMPANIES.EXAMPLE, TRADITIONAL TELEPHONE COMPANIES UPGRADE THEIR MICROCHIPS AND BE ACTIVE IN THEIR TELEPHONE DESIGN.
ENTRY BARRIERS IS 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.
BESIDES, CELL PHONE COMPANY MUST OFFER CUSTOMERS AN ARRAY OF SERVICES THAT THIS NEW TECHNOLOGY WILL PROVIDE.
3. Which of Porter's three generics strategies is new technology following?
FOCUSED STRATEGY IS TARGET A NICHE MARKET.TARGETING THE GROWING MARKET OF CELL PHONE USERS AND PURCHASING PRODUCTS AND SERVICES FROM CELL PHONE.
4. Describe 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 DEVELPOMENT.FURTHERMORE,PAYMENT METHOD CAN RECEIVE /STORE INFORMATION FROM THE CONSUMERS PURCHASES AND SEND THAT TO THE PHONE COMPANY.MORE PEOPLE WILL ENGAGE IN THIS TYPE OF PAYMENT METHOD.
5. What types of regulatory issues might occur due this type of technology?
PEOPLE WILL BE SKEPTICAL WITH PUTTING PERSONAL INFORMATION OUT THERE NOT KNOWING WHAT KIND OF SECURITY
PROTECTION THE COMPANY HAS.BUT,PEOPLE WILL FIND A WAY TO HACK INTO CELL PHONES
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