Why does Samsung make so many devices whereas companies like Apple focus on one product line?
because samsung has to increase thier “something new” agenda by release same body with just ram or storage changesand Apple make 1 device but device that costumer's increasingly buyslong lasting device like still you can play amazing spider man 2 on iphone 4s
((Economic trends )) what does it mean?
Economic trend means behavior of financial position with respect to time. Its represented on graph. with amount on vertical axis. and time on horizontal axis. For example If coca cola is making good business and is making good money then the share price in stock exchange will go up. Means now coca cola has good trend. In the graph this will be seen an horizontal line starting at vertical axis keep moving on right-top direction. This movement of graph line is called upward trend. Now the US dollar is going down. the trend of US dollar is down word and is not good. graph line will be moving towards right-bottom direction.
How and Why there are Business cycles ? economy slowdown?
They are say our economy it doing good now But I am seeing a veryslowing in the Northeast. I am in the home Improvemt Business and I have Never seen it so Bad!. last year I was turning down work. Now the few calls for quotes I get there are 10 contractors Beating My prices and I have low prices!!!!!
Why do we consider a business-cycle expansion different from long-run economic growth?
Long run growth depends on the number and skill of the labor force, technology, capital investment, and infrastructure. These thing determine what is possible for an economy to produce and long term growth can only occur when one or more of the fundamental inputs is improved. A recession causes available resources not to be used so the economy is producing less than it could. A business cycle expansion occurs when the unused resources are put back to work. The ratio of GDP to the population is a major factor in the standard of living of the people in a country.
How can you beat the competition when your competitor comes with tons of money and competes with you while you are sitting with a limited amount?
I am not sure in which line of business you are in. However, you can do below things to beat your competition on a tight budget:Mind-Set Shift: You have to understand that money is not only the factor while beating the competition. Yes having good budget bring you lot of advantages. Having said this, one thing no body can take from you and your team is unlimited energy and efforts. Trust me if you and your team really work hard, you can beat any competition in business. Also there are various tactics and strategies you can implement in your business. Some of them are:Become a Preeminent authority in your marketplace: Jayabraham referred to as 9 billion dollar man and one of the leading minds in area of marketing and strategy clearly identifies being a preeminent authority in your market place as one of the fastest and surest way to beat the competition hands down and be number one in the industry. This is more required in the services based business. You should be go to guy, you should be the most trusted resource for your clients. You can do this by educating your marketplace, by writing books, by writing useful articles on the subject you specialize in. For more information visit Abraham.com - Business Consulting & Strategic Marketing Expert. There are tons of free and valuable resource out there. Just subscribe and you will never regretMake Your-Self Visible In Front of The Most Hungrier Clients : If you know where your potential clients hangout, then get in front of them. It could be forums, groups, social media sites, Business networking meeting. This way you accelerate your progress in business rather than going through tire-kickers and getting disappointed in the end.Chose the Right Medium to Market : If you find that most of your potential clients are online, then get in front of them via ads and postings. For off-line clients get in front of them through direct mail or personal contact.Hope the answer helps you
How do we beat a strong competitior with a strong network effect?
If you are fighting an entrenched player the best way to attack them is to follow innovators dilemma as laid out by Clayton Christensen:The Innovator's Dilemma: The Revolutionary Book That Will Change the Way You Do Business: Clayton M. ChristensenThe incumbent has more resources than you do so trying to play their game will never work instead you have to focus on the one area that they aren’t strong.You already highlighted that you believe product is that area.The key difference is that you will need to do something 10x better in the area where they are week. The examples he provides are for the steel industry. Where to attack the incumbents “startups” went after the cheap market of steel. Basically the equivalent of re-bar. They started making it better, cheaper, and faster. The incumbents meanwhile ignored the startups because this was by far the smallest revenue driver for their business and the least attractive to their bottom line.This allowed the smaller players to establish themselves as companies, get customers, refine their process, and ultimately move up stream and focus on higher quality steel products while retaining their focus on price and reliability and ultimately caused the steel industry incumbents large problems.The other key difference is to understand that’s not just about what the larger company is doing poorly, but more specifically, which customers are they underserving.If you focus on those customers you can establish a foothold there and then try to expand up market from there, or perhaps the bottom market continues to expand and becomes an interesting business in and of itself.
Which of the following best defines the business cycle?
A. Ups and downs in real GDP occurring around a long-run growth trend B. Ups and downs in the stock market. C. Ups and downs in interest rates D. None of the above
Why haven't we seen more tech companies focus on small mom-and-pop businesses especially the Enterprise Software sector?
I can cite a couple of reasons for you:The per 'hour' of an Enterprise software company is inherently a whole lot more expensive than say a single-development hour of a small software house.There is a huge-playing field in the small business / Mom & Pop sector, that is covered by one-man programmers, small software companies and enthusiasts. Be very hard to compete against them.Price! Go to download.com and you will see 10,000s of products with such a low fee (sometimes even free), that it would not be financially viable for a large software company to compete in this space.Understanding the needs - A small company has more visibility and ground reality of the problems that needs to be addressed for small businesses than say a large software development house.Motivation - hobbyists and enthusiasts making software are hard to beat. They churn out really cool apps. For free! How do you beat free?THE SDLC (Software Development Life Cycle) at larger software companies, dones't gel well for smaller developments. They make more money tackling large and complex problems - for which their clients are willing to pay top Dollar.Mom & Pop stores are always looking for bargains - software should be preferably free if not, very low priced, something larger companies cannot afford on its own.