Google business analysis
Segments of the general environment that have most influence
Technological environment Regular advances that happen in technology are deemed to have the largest influence on Google. This is because they affect how consumers interact with the company's products and services since they increase the number of internet users globally and increase competition. Google's products have been experiencing increased competition with services such as Baidu and Bing which have hit the market and stolen significant market share from Google. Google has struggled hard to keep the company afloat with competition from other companies such as Facebook, Samsung and Apple. For example the company had to retire its Google Buzz social networking platform and Google+ which is the newest social networking platform is still has underwhelming numbers. Google's Nexus tablets have also been a huge flop with consumers preferring to work with Samsung and Apple products which they find friendlier. Google has also spent a huge sum of money in product research and development in the hope of developing highly innovative products. This has paid of largely since their search engine is the most used in the whole world alongside other products such as mail and the android operating system. Though these have faced stif and increasing competition, research and development has helped Google to sustain its business and grow over the years.
Social factors The second most influential
Google receive their revenues from the advertising of their products. All services Google provide like Google Doc, Google Maps, Gmail, etc.. are expensive to create, but having users spend time on Google applications increase the revenues for the ownership. Google stock price has been increasing recently which helps owners earn money off from creating applications like Google Doc. The more applications Google create the more money they earn. Recently the world has been depending on IT in their entire life. People now would rather work on a fully online based application like Google Doc than downloading applications like Microsoft Office.
It seems that Google with their Android OS is a little in front of Apple with respect to technological advancement; this is why Apple need to direct some of their costs to research and development to keep up or become better than their competitor.
Google Inc. is one of the leading computer search engines in the world and is continuing to grow as the
Google Inc., American search engine company founded in 1998 by Sergey Brin and Larry Page. Google handled 70 percent of worldwide online search requests, placing it at the heart of most Internet users’ experience. Even though Google’s essential core business is search service, it now offers more than 50 percent Internet services and products from Gmail and online document creation to software for mobile phones and tablet computers. Google successfully maintained its core competence meanwhile expanded its business to advertisement and application three major core businesses. Its success in market levitates Google’s growth by acquiring other tech companies as a way of horizontal integration. For example, its 2012 acquisition of Motorola Mobility put it in the position to sell hardware in the form of mobile phones. Google’s broad product portfolio and size make it one of the top influential conglomerate companies in the high-tech market place. Google plays a very vital role in ICT ecosystem and it is one of the forces that enhance the growth of entire ICT ecosystem. For further illustrating the ICT ecosystem, I chose Apple and Comcast as device and Internet infrastructure firm to compare and contrast against Google.
Due to the increased competition from Yahoo and Microsoft, it has posed a great threat to Google Company. Entry of such like companies in the market has been relatively easy and even offering similar services to the consumers is no longer a problem as unlike a while back, technology has greatly improved. With an improvement in technology, creating sites that help people access information from the internet has been quite cheap and all it calls for is the creativity of a company. Google, however, has been able to remain at the top of the chart. They have been able to come up with a user-friendly search engine for their clients, one that is easy to understand as well as easy to use. Also, Google has been able to cut on cost as they are able to create web pages using UNIX web servers which are relatively cheap. This makes it possible for them to minimize the cost of input and hence maximizing their profit margins. This makes it possible for them to hire qualified personnel, offer quality services, advertise their products, and even offer promotions, helping them overcome the competition in the market structure.
Google’s business model is geared towards mobile computing and the Internet. The company wants versatile smartphones that allow access to the Web and the use of applications that can be used on different devices. Google also has strength in advertising, in that they appeal to many potential customers on the Web.
Google is one of the most popular, and most used web search engines in the world. Google also has many services that helps you send mail, generate website pages, and create blogs. With all of these great tools come many great, user-friendly features specifically tied to Google. Google has vastly become one of the best search engines in the world, if not the best. Google averages about 12 billion searches per month, which is the most by any search engine in the world. Users can also search for photos, newsletters, and even geographic locations. The best part is, that all of these services are basically free. Google has also set to build more then just a search engine. Google is working on Google glass, self-driving cars, and even have a cell phone called the Android. Google also owns the rights to YouTube, where many users go to upload and watch countless videos. Another great thing the company is doing is spending money on alternative energy sources; last year Google spent 1 billion dollars trying to increase the use of wind and solar energy. Google is also fighting in D.C. to keep the Internet free for Americans. Lastly, Google has one of the best working environments in the world. Google has been the number 1 best company to work for 5 times in a row, including this year. They have been reported to the best human resources department in the world, taking their employee’s happiness over profit. There is no doubt in anyone’s mind that Google is not the best company to work
Google’s total assets have steadily increased dating back from 2008 to 2012. Some key figures to point out in their assets are the slow growth between the second half of 2008
Google’s income is not only likely to increase over time, but also stay constant, creating a sustainable income. More companies will look toward them to advertise and they will make more money. With it already being a huge company the money they receive can be used to buy other companies and create new products. As far as competition goes Google doesn't really have any because Google is so popular. If companies advertise through Google why would they need to Advertise through a smaller company such as Yahoo? With a never ending cycle of advertisement and large amounts of income Google is very sustainable economically and is not likely to disappear anytime soon.
The competition of mobile operating systems usage is a huge factor in the United States. Google provides an operating system for mobile smartphones called Android in that case, Apple decides to roll out a mobile operating system for Apple devices called iOS in the same year. The ratio of people using iOS in the United States over Android in the past couple years has been 6 to 1. However, after Google’s improvements and recently new updates to the operating system which is called Lollipop 5.0 has dominated a big percentage of iOS users to use Android based operating system smartphones. (Fact on Android vs iOS) Take another example by Google, they have invented a web browser in which competes with Internet Explorer. Internet Explorer has integrated with Microsoft’s operating system Windows and has been used quite well. On the other hand, Google decided to invent Google Chrome as a competitor to Microsoft’s Internet Explorer. Google’s web browser
In current, Google is the one of the most public companies in the world. Google is an American multinational technology corporation that is specialized in Internet-related services as well as products. For case, software, online advertising technologies, cloud computing, search engine, etc. are the major products and services of Google (Google Inc. 2015). In addition to this, there are numerous competitor of Google Inc. For example, Apple, Yahoo, Facebook, Twitter, Microsoft, etc. are the major competitors of Google.
Google is the most successful information technology and web search company in the world. It was founded in 1998 by two Stanford Ph.D. students, Larry Page and Sergey Brin. The company name, Google, is a play on the word “googol” which is a mathematical term for the number 1 followed by 100 zeros. Larry Page and Sergey Brin chose this name to reflect the large amount of information on the web. The two created this search engine so that people can find anything on the web all in one place. The company’s mission is “to organize the world’s information and make it universally accessible and useful.” Now, the company is far more than a search engine website, it has grown to be a substantial collection of products and services that are
In 1998, Stanford University graduates Larry Page and Sergey Brin combined their ingenuity and built a search engine called “BackRub” that evolved into what is now known as Google. Google, with over 150 domains, now functions as a search engine that offers many different products and services including web applications, advertising, sports scores, stock quotes, headlines, addresses, videos, etc. Google’s focus is “to provide useful and relevant information to the millions of people around the world as they rely on us (Google) to provide the answers they are seeking.”
“A business model is the way in which a company generates revenue and makes a profit from company operations” (Investopedia.com, 2003). Currently, Google is using their licensing fees for integrating their search engines into company intranets and websites (Thompson, Peteraf, Gamble, Strickland III, & McGraw-Hill, 2013), internet advertising, and a “try anything” mentality (Bloomberg, 2014) to generate their revenues. The licensing fees are paid by businesses who wish to integrate the Google search technology into their websites. This was Google’s primary financing, until they discovered word search advertising. Advertising now brings in most of Google’s income at 90.4% of the company’s annual revenue
Google is one of the most successful corporations that have ever been established. Through innovation, persistence, growth,