Problem:
After you gave the final presentation for the proposed strategic plan of the social networking Web site, a member of the board of directors asks if you can clarify some standard questions regarding the implementation of the new social networking Web site. She explains that the board needs you to prepare a report addressing how the maturation of the industry worldwide could impact your business strategy in the future. Business strategy is Cost Leadership Strategy.
For this assignment, you must submit a report consisting of 850 to 1,000 words in which you discuss the maturation of the social networking industry worldwide and explain how it could affect your business strategy in the future.
Speak on the given in your report:
1) Research and discuss 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) Explain how the maturation of the social networking industry worldwide could impact your business strategy in the future.
5) Discuss a new strategic plan/approach to help your company in the future in regards to the maturation of the industry.
6) Discuss how the new strategy will help the company with competitive advantage, cost advantage, and differentiation advantage.