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Impact of Maturation of an Industry Globally on Future Business Strategies

1. Explain the maturation of the social networking industry.

2. Explain how Web sites or companies are adjusting to the maturation of the social networking industry.

3. Discuss the current trends of strategic management in the social networking industry.

4. Provide an explanation of how the maturation of the social networking industry worldwide could impact a business strategy in the future.

5. Discuss a new strategic plan/approach to help an organization in the future with reference to the maturation of the industry.

6. Explain how a new strategy could help a company with their competitive advantage, cost advantage, and differentiation advantage.

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1. Explain the maturation of the social networking industry.

The social networking industry has evolved greatly over the years. Initally, we began chatting via our AOL, MSN, and Yahoo accounts. Now, we have social networks like Twitter, Facebook, MySpace, Bebo, and Instagram to communicate not only with people we know, but to people all over the world. The social networking industry is no longer limited to chat features and has matured because we can now advertise ourselves or businesses via social networks and market new products or services and update any new features.

2. Explain how Web sites or companies are adjusting to the maturation of the social networking industry.

Websites and companies are adjusting to the maturation of the social networking industry because social networks are serving as a marketing tool for the companies. Because e-commerce is now a normal part of business, marketing goods and services via social networks can lead to an increase in online sales. Also, social networks allow B2B (Business to Business) communication to expand company clientele.

3. Discuss the current trends of ...

Solution Summary

The impacts of maturation of an industry globally on future business strategies are determined. The new strategic plan/approaches to help an organization in the future with reference to the maturation of the industry is determined.

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