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Question 1Social networking online is currently a fast developing fabricate because of its ability to facilitate nurture sharing . Because of the tremendous increase potential , gamble crownworkists are eager to put up generous sums of m whizy for the start-ups that have the necessary business touch for building a nonher social networking website like MySpace , or Friendster . This is also the priming why the threat of emulous aspiration is in truth risque in the fabrication . In fact , in term of assessing the social networking industry from the perspective of Porter s five forces model , the industry does not present a undecomposed picture to the companies currently operating in the industry . For disguise , the threat of peeled entrants is actually high not wholly because start-up expenses are minima l but as well because venture capital is easy to come by . For the very reason that the industry is vulner adapted to a high threat of new entrants , thither is also a high threat of stand-in products . In fact users end register their information with three-fold websites and dowry information more widely in that elan . As mentioned before , the threat of existing competitive rivalry is very high . The bargaining power of buyers is also very high because users enjoy low switching costs . For exercising , it does not cost the users anything to switch from to MySpace . The bargaining power of suppliers is express because users broadly speaking belong to the under-30 age group which is not financially wholesome whence , a high aim of market share in the industry is difficult to strike for any one corporation currently targets college and high-school students . unless the two networks are beingness kept sepa tramp because of solitude issues has also highly-developed a formal organizational structure in to ful! fill the challenges of change magnitude competitiveness . It is enjoying success in create and maintaining a competitive edge because of its limited surface which is able to adapt to a changing landscape .

Currently the quieten consists of only speed of light employees . Therefore , given the limited age and maturity of the companion , it is still experimenting in terms of what the strategic focus of the company should beQuestion 2Social networking online is a fast growing industry . However the scrap of new entrants with business models to support advantage of this demand is also fast growing . This has a limiting effect on market size . Therefore one of the strategic options functional to is to globalize its services so that high-school and college students outside the US can also sign up for the service . Currently the firm is limited in size with only 100 employees . However since the delivery format in products and services in this cocktail dress is online , organizational limitations in terms of number of employees will not affect the quality of serviceOne of the press concerns in the industry is the privacy issue . The media are actively promoting the possibilities of invasion of privacy resulting from information sharing on websites such(prenominal) as . As a result , the growth rate in...If you want to get a full essay, order it on our website: OrderCustomPaper.com

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