Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A. Competitive Rivalry This component of Porter's Five Forces Analysis model determines how Facebook Inc. competitors affect the company's industry environment. Despite Facebook Incorporation's lead

image text in transcribed
image text in transcribed
A. Competitive Rivalry This component of Porter's Five Forces Analysis model determines how Facebook Inc. competitors affect the company's industry environment. Despite Facebook Incorporation's lead in the market share, we can't deny the act that competition still has a huge impact on the company. Competitive rivalry needs a major consideration in Facebook Inc's management and strategic formulation. Since there are already many online platforms that are similar with Facebook being created worldwide that offers online display advertising services, we all know that social media is a place were continuous innovation and use of latest technologies is vital for survival. All players, therefore, must continuously innovate their platforms and cannot consider their large user base as a confirmation of their survival. This gives Facebook Inc. the opportunity to keep on eading the market share worldwide

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Income Tax Fundamentals 2013

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

31st Edition

1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516

Students also viewed these General Management questions