Business requirements

by | Sep 15, 2021 | Homework Help

Complete 4 pages APA formatted article: Business requirements. Among the advances of technology, include the innovation of the micro processor which increased the amount of processed information as compared to the information that individuals and firms could have processed, internet innovation also led to availability of markets that are functional always whereby information could be passed at the appropriate time. On the other hand, changes in the communication sector makes businesses are allocated in areas where production costs are low but high profit margins. Advancements in the communication sector have led to creation on global markets since marketers effectively communicate with their consumers. Hence, the continuous innovation space in which recognized firms tend to thrive is shown by a dependence on subsisting value networks as well as a contented financial hurdle rate. Nevertheless, this space is not without defies even for original corporations. Thus, scrutinizing it facilitate the provision views on the hardships ascertained companies stumble upon when they depart the relative comfort zone of maintaining innovation.Therefore, the article is all about identifying the main mobile business model aspects in conjunction with their interdependencies and providing analysis of MNOs with an aim of improving their BMs in this new competitive environment. Moreover, changes in technology have led to global businesses since firms have expand globally, transported products to their consumers at a cost effective price and communicate with them effectively. Likewise, the convergence of these technologies is to enable mobile users to converse richer information in extraordinary levels of litheness and expediency (Al-Debei & Avison 217). One of the essential uses of markets and hierarchies in the electronic business is that the electronic market is able to cover a broad range of activities for the seller and the customer that converge at one place.

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