(Q4)

Question 4: Describe the value chain of the business of using cell phones as a payment method.

Mobile payment is a part of the mobile transactions and is catching the imagination of a lot of people.In the last post,this is the consumer issues. Now I am going to talk about the emerging business models in the mobile payment space and the pros and cons of each of the model.

In any payment mechanism, the key entities of the value chain are 

   

1. Merchants – accept payments from the consumers by reading the card at the Point of Sale (PoS) machine
2. Acquirers – hold merchant accounts and manage merchant payments
3. Payment networks – Connect and switch transactions between merchants & issuing banks
4. Issuers – manage consumer accounts and also take the associated risk
5. M-Wallet/Stored Value Account  – Issue and provisioning of the mobile wallet (only if case mobile payments) 
   
   

Chapter #2 case: Say "charge it' with your Cell Phone (Q3)

 QUESTION 3 :

Which of Porter's 3 generic strategies is the new technology following?

Differentiation of Porter's 3 generic strategies is the new technology.This generics strategies can create competitive advantages by distinguish their product on one or more features important to their customers. This relate with the using of latest cell phone nowadays.This also have a unique features that benefit you  and may justify price difference or stimulate demand. For example: I-care from Proton.

This 2 years old kids with his gadget!

 7 months Adam !

 1 years and 5 month Adam !

Ndroid V Apple .. blackberry ????? hahaha

Dulu, Kini dan selamanya

Chapter #2 case:Say "charge it" with your Cell Phone (Q2)

QUESTION 2:

 Using the Porter's Five forces describe the barriers to entry for this new technology

By using this Porter's five forces  it will describe you the barriers that may occur in this update of world technology. First is the treat of substitute products and services. For example,from the case where the company substitute the credit card into a cell phone , the barriers is it's may be not fulfill the customer satisfaction. As some customer more prefer the easy way to purchase something. Next is,buyer power. The power of buyer is quite complicated as it was depends to the buyer by making choices either they want to choose the traditional phone or the cell phone. This is due to the easy way on how to use the product this century. Lastly is treat of the new entrance. This may exist due to the new product that entrance our industry and compete with other product which is give good application to our benefits.For example Apple, HTC, Samsung and etc. this mobile company is produce different product with its own creativity and benefits.

Chapter #2 case:Say "charge it" with your Cell Phone. (Q1)

QUESTION 1:

  Do you view this technology as a potential threat to traditional telephone companies ?if so ,what counter strategies could traditional telephone companies adopt to prepare for this technology?

    Yes i do agree as the potential treat to the traditional telephone companies because from the case it will be simply to people who are wish to get those stuff. So, the counter strategies  are the company that need to prepare the promotion of the traditional phone due to increase the demand of the traditional phone. Second, the companies is responsible to improve the design and the application as to increase the product demand among the country.

Technology in me .....

#2 Identifying Competitive Advantage

This second chapter is explain why competitive advantages are typically temporary.Its also list and explain each of the 5 forces Model.Furthermore,its also compare porters three genetic strategies and describe the relationship between business process and value chain.This five forces model are #1:Buyer Power, #2:Supplier Power#3:Threat of substitutes products or services, #4:threats of new entrants and #5:Rivalry among existing companies.This Five Forces model can be easily know using above mind map.

#1:BUYER POWER,is a high when buyers have many choices of whom to buy  and Low  when their choices are few .This is to reduce buyer power and create competitive advantage in an organization to make it more attractive to buy from the company not from the competitors.Its is the best IT-based practices.

#2:SUPPLIER POWER,it will high when buyers have few choices of whom to buy from. It is low when their choices are many.It is best practices of IT to create competitive advantages. For example business to business market place-it is private exchange allow a single buyer to posts it needs and then open  the bidding to any supplier who would care bid. 

       suppliers >> Organization >>Customers

#3:THREAT OF SUBTITUTE PRODUCTS AND SERVICES,it will high when there are many alternatives to a products or service.Low when there are few alternatives from which to choose. It also idealy ,an organization would like to be on a market in  which there are few substitute of their product or services.

#4:THREAT OF NEW ENTRANTS,it will high when it is easy for new competitors to enter a market.It will low when there are significant entry barriers to entering a market.Its entry also will come as a barriers is a product or service feature that customer have come to expects from organizations and must offered by entering organization to compete and survive.

#5:RIVALRY AMONG EXISTENCE COMPETITORS,it will high when competition is fierce in market .And may low if when competition is more complacent  and best practices of IT.

chapter #2 will be continue next week,so Thats all for today! See ya.

Imma Gadget lover,

hey its me Atiq ! dari Shah Alam ke melaka dgan satu harapan untuk mndapat segulung Diploma . Im study business in Insurance,wohooooo.RARE aite?but yeah,Insurance is pretty cool!trust me.hee,Im here for one of my subjects,IT! Im usually on Tumblr. Do follow me :) hihi #Atiqmzln.Tumblr,com :p .. btw,im 20 and getting 21 this january ,ehehehe.So study! and get my ass busy w MGT and INS-Thingy .... later! bye :)

The first rule of any technology used in a business is that automation applied to an efficient operation will magnify the efficiency. The second is that automation applied to an inefficient operation will magnify the inefficiency.

Fashion,Gadget,Nature and Beauty !

"TECHNOLOGY HAS BECOME APPALLINGLY OBVIOUS THAT OUR TECHNOLOGY HAS EXCEEDED OUR HUMANITY''

-by ALBERT EINSTEIN

gadget!gadget!

Chapter #1:Information Technology In our daily life

In this technology  century,technology can't be apart from our daily life.All must connects with one  another that can be connected by everyone and everywhere.Even you are in the car ,you can connected with wireless and internet. LOL! On business operation ,this give a good impacts as it can reduce costs,improve productivity and generating growth.The basic IT,is a field concerned with the use of electronic computer software  to converts ,store,process,transmit and retreive information securely.MIS is a business function just as marketing ,finance,operation s and human resource.The important  elememts of <IS data info and business intelligence ,IT resouces and IT cultures.