1) Do you view this technology as a
potential threat to traditional telephone companies ? If so, what counter strategy could
traditional telephone companies adopt to prepare for this technology ?
- Yes, I agree with this
technology has a potential threat to traditional telephone companies. The
counter strategy could traditional telephone companies adopt to prepare for
this technology is
"Differentation "
It is because we can improve the traditional phone to be IT phone that can
connect with internet .Within this we can high the price of phone but not over
high cost compare samsung, blackberry and so on . Samsung we have many function
like android, pictures, whatsapp, and so on and balckberry have few
differentation compare to samsung.
2) Using Porter's Five
Forces describe the barriers to entry for this new technology.
- Barriers to entry is the threat
of substittute products or services. Customer might think that these new modern
telephone company may have more expertise in thus new technolog. So,easily they
can change to new cell phone and the old fashion technology can loss customer.
3) Which of Porter's three generic
strategies is the new technology following ?
- The porter's three generic
strategies is the new technology is differentation. This strategy may allow
company to put a higher price because of the special features they have in
their products. Based on this case , as the traditional already have name, so,
they just need to step up their game by putting this technology into their
coming products.
4) Describe the value chain of the
business of using cell phone as a payment method .
- For example, a girl buy a new bag
from BONIA using direct using direct debit transaction. So, the bank will
directly deduct the money from our account and pay certain the amount of money.
The bank may chargers a few ringgit for the service provided to the customer.
From that, they can gain some profit through online payment. Once they get the
money, they will deliver the product to the customer.
5) What type of regulatory issue
might occur due to this type of technology?.
- Fraud can happen form internet
payment. Fraud is by the customer and by the company itself. Customer may use
other account to do payment or use different identify. So if no payment is
made, so the company can't trace them .