Competitiveness in the Industry

In this 21st century you rarely see monopoly situation in the business field. Competition helps to expand the business and create better quality as business always focus on creating a unique product or service for customers.

There are four widely recognizable types of markets: competition, perfect competition, monopolistic, and oligopolistic. The differences between these types of markets are dependent upon the

In the opinion of Baumol and Blinder (2011, p. 235), "monopolistic competition is a market structure characterized by many small firms selling somewhat different products." The authors in this case further note that the output of each entity is small in comparison to the market's aggregate output of competing but closely related products. With that in mind, the mobile phone market exhibits some key characteristics of monopolistic competition. In this market, customers in need of mobile phones are presented with a wide range of options to choose from. For instance, a customer who enters a mobile phone handset shop has the option of purchasing a Motorola, Nokia, Samsung, Blackberry or even an LG handset. All these products despite being closely related are also largely differentiated. As Tucker (2010, p. 268) notes, "the key feature of

Smartphone producers often attempt to get an edge over their competitors by using tactics that involve bending the law and attacking the reputation of rivals. The advancement of the development of new technologies during the past decade is a result of fierce competition between many companies in the mobile industry. While some of a company 's efforts are focused on the development of new features or upgrades to existing technology, many of them are focused on taking down competition by any means necessary. These companies gain a following by attempting to sabotage the reputation of their competitors while maintaining a positive reputation themselves. Such competition has evolved into a sense of consumer favoritism with many consumers

In 2014 both Apple and Samsung sold a combined total of about 108.2 million units of their products! Samsung sold about 71 million units while on the other hand Apple sold 94.75 million units. For the past few years, the competing and comparison between Apple and Samsung was at its maximum. Fights started between people to prove an idea about which company is the best but they did not know that they were only comparing their smartphone. That is not the only thing a person should concentrate at while comparing two of the biggest multinationals in the world. People should look at the sales of all of the company’s products, their profits and losses, the history of the company, and the reviews of the people about their

Two operating systems currently dominate the smartphone market, Apple and Android. It all started six years ago when Google launched its android system. However, its approach was much different. Google had made just the software, not the device, giving the software free to phone makers to alter and adjust in anyway they pleased to fit their over 70 different phones. Google believed that by offering it free, in the long run would create more internet friendly phones and more ad views for Google. I think that this strategy was successful due to the fact that Android is the world’s most popular operating system loved by many smartphone users. My point here, that Android is the better operating system, than Apple, should interest those who are

To begin with, Chapter two covers three important aspects of the business world which are competitiveness, strategy, and also productivity. These particular aspects are very important for any company to succeed in the world of business. With that being stated, any type of firm such as a manufacturer or a service provider, they must employ these three aspects because they play an important role in growing revenues. For an organization to even be considered successful, they must have a competitive advantage which leads to a strategy that will meet the company’s goals, while having the knowledge-ability to help produce the goods and services in a cost effective manner. Also, it is known that most organizations have a single state called the Mission Statement. The mission statement basically summarizes these three aspects of a company. One question that the Mission Statement should address is, “What level of business are we in?” This mission statement is categorized as the absolute basis for the organizational goals.

The success of a business will be determine by the response against the threat that these competitive forces generates (Hinton 2009). Figure 2 highlighted the main threats and competitive forces for my chosen company, focused in the two main: Threats of the new entrants and existing competitors.

Understanding the elements of competing inside an industry is of significant importance. It may help in understanding the potential opportunities for a business to exist. Additionally, it can be seen as basic strides for a business to separate itself to beat others that offer comparable products and services. Kelly’s Salon is a small beauty salon with a rapidly growing customer based business that is expanding to keep in tune with the growing industry. Kelly’s Salon is in jeopardy of losing customers because of increasing competing businesses in the area. Using the Porter 's five force analysis this report will asses ' potential levels of benefit, opportunity and risk based on five key variables within Kelly 's Salon, it will identify internal and external business processes and introduce strategic business approaches that Kelly’s Salon can adopt in order to give the salon a more competitive advantage against other rival businesses.

RIM and Apple are the two main companies in the smartphone market. RIM currently has a majority of the corporate and business professional portion of the market while Apple has a larger share of the mainstream consumer market with their new iPhone4.

Describe your company’s business strategy and competitive advantage. Building on your initial work, choose an expatriate position you consider critical for the success of the new subsidiary, considering your company’s business strategy and competitive advantage. The description of your company, its business strategy, the location of the foreign subsidiary and the expatriate position forms the first part of your coursework.

A core competency is a concept in management theory originally advocated by CK Prahalad, and Gary Hamel, two business book writers. In their view a core competency is a specific factor that a business sees as being central to the way it, or its employees, works. It fulfills three key criteria:

The two big players nowadays that supply smartphones are American based Apple, Inc. and South Korean established Samsung Group. Essentially their two big products nowadays are the Apple iPhone 5, and the android device from Samsung with their Galaxy S4. These two companies have been in the top for quite a while and it so it seems as if these two will shortly become a duopoly, but lets erase that ugly thought for now as there always will new competition emerging.

“An Analysis of Marketing & Competitive strategies adopted by Hindustan Unilever Limited in Rural Area”

1. The Smartphone industry is a well established market and the threats of a new entrant is low, as technology needed to rival the devices already available is quite advance if they want to differentiate from them