Say 'Charge It' with Your Cell Phone

Your cell phone can purchase item?? but how???..... yess!! u could purchase item by using your cell phone by dialing a telephone number on the dispensing machine and have the charge for the item and it will show up on your cell phone bill. this working prototypes are currently in use in South Korea, Japan and Europe. wish it will have in Malaysia too.. =)) 

do u think this technology as a potential threat to additional telephone companies?? i think it yess!! so traditional telephone companies should adopt to prepare for this technology. this company must overcome this before the new technology affecting in their production. they must be innovative and creative to create new product that more useful in their company. they should create more differentiation with competitive advantage by distinguishing their products on one or more features important to their customers. make consumer desire to use and loyalty with their product. give good and service satisfy need of customer through sustainable competitive advantage. competitors with higher costs cannot afford to compete with the low-cost leader on price. this allows companies to low their price and focus on value that generated a quite higher price. benefit differentiation is need a producer achieve their target to give good and services for the consumer. 

By using Porter's Five Forces, there is barriers to entry for this new technology in cell phone. among the barrier that the company must facing is threat of new entrants which will be low when there are significant entry barriers to entering the market. Company can expect obstacles that will occur and identify the causes. Between the barriers to technology companies have been long in the market are as  sceptical consumer of their products and have an impact on production.sales companies do not reach the target due to the lack of consumer confidence in the new technology market. Sometimes the user is not too fast to adopt new technology. Among those who consider the new technologies that are marketed just copy and paste or copyright from existing technologies in the market. threat of substitutes  product and services, ideally an organization would like to be on a market which there are a few substitutes of their product or services. Obstacles to the tackle is coming to a copyright company and the products will be competitive. Barriers will be high because companies will maintain the same product, by the problem for companies to maintain their company sales. When Threat of Substitute products and services been high, power of buyers will be increase because there are many options for consumers to buy.

To this new technology, the company chooses differentiation of the porter's 3 Generic Strategies, create a low cost producer in the industry allows the company to lower prices to customers. Unique features or benefits may justify  price differences for example i-care by proton. the company has made a difference in this technology which has competitive advantage to the company. for this strategy, unique features or benefits of the technology can differentiate prices and more demand from consumers. This technology has many application that can be used by the users and no longer in other technology is available. As mentioned in the article, this technology can buy anything using no.phone and must carry their mobile phone. That is a differentiation strategies used by other companies.

value chain which means value-adding activities that convert inputs into outputs.
help create competitive advantage-for the value chain of this business, the profit they get from the payment will go to company or an organizations.As their profit, they will create a new design and pay the supplier that supply the materials.With this activities, company can develop their business same level in international market.




types of regulatory issues that might occur during the transaction from customer

-transaction like buying merchandise, paying the bill or any else will lead to fraud. Sometimes the products is not the same as sample or picture that had been showed. Customer unsatisfied with the merchandise. There are also can happen when the company have taken the money but the products are not delivered to customer. The fraud also can be occur from customer as they can lie about their information such as they use others phones. The breakdown of system also can be an issues that occur and can make the transaction cancelled automatically

IDENTIFYING COMPETITIVE ADVANTAGE

In chapter 2, we learn about competitive advantage (CA) that is a product or service that an organization's customers place a greater value on the similar offerings from a competitor. Unfortunately, CA is typically temporary because competitors keep duplicate the strategy. Then the company should start the new competitive advantage.

The five forces in Porter's Five Forces Model is 

BUYER POWER
Buyer power will be high when buyers have many choices of whom to buy and it will be low when their choices are few. To reduce buyer power an organization must make it more attractive to buy from the company not from the competitors. The best practices of IT- based is loyalty program in travel industry for example rewards on free airlines tickets or hotel stays.

SUPPLIER POWER
Supplier power will be high when buyers have few choices whom to buy from and will low when their choices are many. The best practices of IT to create competitive advantage. For example, business to business marketplace. Private change allow a single buyer to posts it needs and then open the bidding to any supplier who would care to bid. Reverse auction is an auction format in which increasingly lower bids.

THREAT OF SUBSTITUTES PRODUCTS & SERVICES
It will be high when there are many alternatives to a product or services and will be low when there are few alternatives from which to choose. Ideally, an organization would like to be on a market in which there a few substitutes of their product\or services

THREAT OF NEW ENTRANTS
High when it is easy for new competitors to enter a market and low when there are significant entry barriers to entering a market. Entry barriers is a product or services feature that customers have come to expect from organizations and must be offered by entering organization to compete and survive. Best practices of IT for example new bank must offers online paying bills, acc monitoring to compete.

RIVALRY AMONG EXISTENCE COMPETITORS
High when competition is fierce in a market and will be low when competition is more complacent.

IT in your daily life =)

Nowadays, in our globalisation centre, electronics that connect to one another are found everywhere.For example, we have a lots of gadgets in office, home, car and everywhere.We also can bring it together like handphone, ipad mp3 and etc. Bluetooth and WiFi are the wireless technology that can be connected between one gadgets with another in distance.

IT's can give impact on business operation in terms of : 

• reducing costs
• improving productivity
• generating growth

INFORMATION TECHNOLOGY BASIC:

• Information Technology (IT)
• Management Information Systems (MIS)

Information technology (IT) is a field concerned with the use of technology in managing and processing information.Its covered many field that deal with the use of electronic computers and computer software to convert, store, protect, process, transmit, and retrieve the information securely.IT can be an important enabler of business success and innovation.It not useful unless the right people know hoe to use and manage it effectively.

Management Information Systems (MIS) is a business function just as marketing, finance, operations and human resources. MIS is a general name for the business function and academic discipline covering the application of people, technologies, and procedures.The important elements of MIS is data, information and business intelligence, IT resources, IT culture.

 

Data is a raw facts that describe the characteristics of an event, for example population number of student.Characteristic for a sale is date, item, number, item description, quantity ordered, customer name, shipping details.