Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Founded in 2011 and launched in 2013 in St Jose California USA, Zoom Video communications had made steady progress in the enterprise communications domain with

Founded in 2011 and launched in 2013 in St Jose California USA, Zoom Video communications had made steady progress in the enterprise communications domain with a structured growth pattern, the company also received regular funding from venture funds and was listed on the New York Stock exchange in 2019. It was also the year in which Zoom hit profit territory, in December of 2019 Zoom had a total user base of 10 million; then, the pandemic struck, the user load of Zoom zoomed from 10 million to 300 million by January of 2020, as the pandemic wanes Zooms growth rate is slowing down as well, the drop in growth has seen its stock value plummeting in 2022.

In a situation like this if you are the chief strategy officer of the company what plans would you make to acquire new customers.

What would be your USP and how would you focus on the core business strategy to make the company more relevant for its consumers.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Business and Society Ethics Sustainability and Stakeholder Management

Authors: Archie B. Carroll, Ann K. Buchholtz

9th edition

1285734297, 1285734293, 9781285974712 , 978-1285734293

More Books

Students also viewed these General Management questions