Competition Within Industry Groups in the US

A common saying is Support the small businesses. One may have been confused with this saying, then this information will help one understand. It may not be directly stating this in the quote, but this is explaining that monopolies shouldn’t own everything. Monopolies are only beneficial for the company, or companies, that own everything and it will hurt everyone else. This is why monopolies were made illegal in America, which is idealistic for citizens. Small businesses can be hurt by monopolies and little companies are terrific for the citizens. Antitrust Laws are needed to keep monopolies from hurting small businesses. A person may not understand why Monopolies are bad, but the provided research will further educate one in this very controversial

For my research paper I decided to write about monopolies. I chose to write about monopolies because I wanted to learn more about them. No this type of monopoly is not a board game in which consumers engage in buying houses or property with fake money. Instead this type of monopoly is a firm that is the only seller of a good or service that does not have a close substitute. An example of a monopoly is natural gas company or Time Warner Cable or Microsoft and its Windows operating system. Although few people like monopolies and even though few companies are monopolies, the model of a monopoly can be useful. You see a monopoly is useful in analyzing situations in which firms agree to act together as if they were a monopoly. Monopolies are not illegal in the United States. What is illegal is actions taken by monopolies to limit competition. But there are times when one supplier in a market is better than a competitive market? Should the government work to protect that one supplier in a market?

There are many models of market structure in the field of economics. They include perfect competition on one end, monopoly on the other end, and competitive monopoly and oligopoly somewhere in the middle. In this paper, we will focus on the oligopoly structure because it is one of the strongest influences in the United States market. Although oligopolies can also be global, we will focus strictly on the United States here. We will define oligopoly, give key characteristics important to the oligopoly structure, explain why oligopolies form, then give an example of an oligopoly in today’s economy. Finally, we will discuss the benefits and costs in this type of market structure.

A majority of the attractiveness stems from the abnormally low buyer and supplier power. However, this gain is offset by the current low barriers of entry and high competitive rivalry. In order to remain competitive, incumbents must (1) invest heavily in research and development, (2) secure technology via patents, (3) market heavily to monetize products, all of which will diminish bottom line results.

Since colonial times, monopolies have been present in the United States’s economy. But as always, with time comes change, and that situation directly applies to the monopolies in this country. A monopoly is defined as the exclusive control of a commodity or service in a particular market, or a control that makes the manipulation of prices possible. Monopolies had a negative impact on the United States due their unfairness to consumers and laborers, they don’t allow for innovation, and they stifle all competition.

Back when the America was divided in thirteen states, the commerce was small and still had many points to improve. As the time passed, these small business started to make commerce between different states, and, consequently, required the government to create laws regulating the commerce, such as the Interstate Commerce Act. With the help of the government, the economy started growing, and so, many monopolies started to appear and so to control business. Years later, these monopolies were much bigger and consequently, the prosperity of country was threatened since there were any competition, nor any incentive to provide best products opportunities. Therefore, the U.S. government was now required to create new laws regulating and intervening in the economy, even though going against the capitalist ideal.

Invention is the result of a long study, research, and experimentation (Innovation, n.d.); Innovation is “the discovery and the execution of pioneering ideas that create value” (Greco, 2011), in other words, new application of known concepts. A practical example of invention is the alkaline battery that provided a light-weight, small, and portable power source; innovation applied this concept to anything possible from communication devises, mecanich and construction tools, and even toys. Technical workstream leaders understand that innovators are today’s competitors reducing times, and maximazing profits with new techniques; but inventors have the potential to reshape the landscape of today’s markets leaving dominant companies out of bussiness. Who remembers door-to-door salesmen or “dear John”

The company you work for has just woken up, smelled the coffee, and realized the potential impact of disruptive innovation on its strategy and its ultimate survival. In particular, your company wishes to avoid Research in Motion (RIM)’s fate in the smartphone devices and mobile operating software systems markets. As part of your company’s reassessment of its current situation, you have been tasked with providing an overview and summary analysis of RIM’s organizational strategy during those critical years when RIM went from dominant market leader to little more than an inconsequential player in the smartphone devices and mobile operating software systems markets. Your analysis

Interest groups are groups of people who share the same views on public matters and work to shape public policy. Interest groups, sometimes called “pressure groups,” try to influence public policy. In doing so, they are more powerful than a few people acting alone could ever be. Interest groups are found everywhere in America and are involved with almost every level of government. The United States has many different cultures, religions, and ethnic groups. Members of these communities shape public policy both negatively and positively by joining or supporting an interest group. An interest group affects democracy in more negative way than a positive way most of the time depending on how you feel about the said group.( McClenaghan 242)

The article “Beyond United: How oligopolies hurt Americans’ pocketbooks” written by James Downie for The Washington Post discusses the financial issues that arise from oligopoly control. The article explains how, because of mergers, the airline industry has gone from nine major companies to just four. The author argues, “Travelers can’t avoid higher fairs and fees unless they choose not to fly” (Downie). Downie brings attention to the growing profits for the consolidated airline companies while consumers pay the same or higher prices. He also explains how the drug industry operates as an oligopoly with only three companies controlling 75 percent of the market. These three companies control drug prices and touch every wallet in America. Downie

This paper is a business situation analysis of Apple, Inc. Apple a market leader in the consumer computer industry with products including desktop, laptop, and handheld computers, as well phones, media streaming, and now watches. A multinational company, Apple was founded by Steve Jobs, Steve Wozniak, and Ronald Wayne on April 1, 1976. They specialize in designing, developing, and selling high-end computers, software, and other electronic devices. Because of Apple’s broad product portfolio they compete with many different companies in a range of markets. This analysis will be conducted using historical information, a SWOT analysis, and portions of Porter’s Five Forces Model to understand its business strategies, impact within markets, products and services offered, corporate leadership, and future.

As we all know civilization has change dramatically. Some people they embrace the change because they try to stay positive and make the best out it. Some of the changes that occur are for a better living. The business industries have grown in so many ways, they are focusing on controlling the market and its prices by inventing a monopolistic way of doing it. They have all the control and they are making it impossible for any competitor to even compete with the products they are selling. Consumers starting to feel the effect of the market which forced the government to intervene and they created policies to take action so they can put an end to this dilemma. Around the 1890’s our U.S. Government created a cabin by the name of Interstate Commerce

Some of the key facts and critical issues presented in the case, begin with the understanding the development and evolution of an industry. According to Jack Parnell (2014), the development stages of an industry rely on the influences of competition and the potential profitability opportunities. At the introductory stage, a fairly new industry is being to make awareness of their product, however depend remains low because the industry is new. New industries rely heavily on technology and as demand begins to rises, the industry enters the growth stage (Parnell, 2014). When the industry becomes stagnant and constant this typically results in the parting of those who will carry on in the industry and the loss of unsuccessful competitors. This

The purpose of this essay is to compare, contrast and evaluate the two major competitor companies: Apple and Samsung. This essay begins by discussing the market value of the both companies. It will then turn to discussing the product portfolios of Apple and Samsung, and then examines the service and it concludes by evaluation.

Nokia and Apple are both market leaders in the field of Information Technology, yet as history has shown Apple has performed better financially and commercially than Nokia. This essay will, therefore, discuss the manner in which both companies conduct themselves and why exactly Apple has a competitive advantage over Nokia.