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Write 1 page thesis on the topic full ipad vehicle intergation (as dispaly for monitoring the speed , pertrol consumption , and controlling the ac ..etc).
Write 1 page thesis on the topic full ipad vehicle intergation (as dispaly for monitoring the speed , pertrol consumption , and controlling the ac ..etc). INSTRUCTION Topic: Full IPAD vehicle integration (as dispaly for monitoring the speed , pertrol consumption , and controlling the AC ..etc) Instructions: Business Group Exercises The exercises in this course are aimed at the application of the course content to a hypothetical Company for which you will eventually develop a business plan. This is an opportunity for you to explore the initial stages of analysis of a business opportunity and exercise the issues that you would have to face if you were to set up a real company. I need just discussion about the competition part (the competition and any barriers to entry) Sell to person or company (Some examples) Dear customer, normally, I would make my customers read through a draft of the work I prepare for them but you can bare me out that your time was very limited. However, I have written the assignment exactly according to your specifications. You are however free to contact me through the message board if you have any concerns about the assignment and I shall respond to you accordingly. Thank you – Isaac. ANSWER According to the Management.About.Com, “barriers to entry are those things that make it difficult for a new company to compete against companies already established in the field.” This is to say that even though the possibility to enter the market and achieve success even over existing companies is not a fallacy, there are some challenges and hurdles that new companies would have to overcome in order to achieve these successes. The first and most outstanding barrier to entry will be the stiff competition that our company would have to engage in with market pioneers. BMW, an automobile brand giant has already introduced iSO Integration and iPad dock. an iPad vehicle integration system that “give drivers the capability to access text messages, memos, emails from their iOS and Blackberry devices” (Thacker, 2010). Another market giant, Ford has also introduced its SYNC, which has similar features as BMW’s iPad. Our company will therefore be faced with the challenge of breaking even with these market giants. The competition with these pioneer companies would bring two major setbacks to our company. First, our company would have to compete with the ‘first come first serve’ syndrome. This is a business situation where by market clients feel reluctant to change product from a known brand to an unknown one as our company is. There is always a belief among consumers that once they have guaranteed the usefulness of existing companies, they would not risk changing product. Second will be a competition market fund size. Because our competitors have been in business for a while, they have successfully accumulated enough market fund that puts them in a very good position to promote and publicize their products. We are however starters with a meager capital to start with. Advertisement, brand promotion and marketing will be some challenges to deal with. Finally, there is been an uprising of legal and public concerns on the use of iPad and other interactive technological tools like mobile phones in vehicles. To the public, these interactive technological tools distract drivers’ attention and are causes of road accidents. The legal system has responded in this direction in many countries including Ireland. The Statutory Rule 2003 No. 537 The Motor Vehicles (Construction and Use) (Amendment N0. 5) Regulations (Northern Ireland) 2003, for instance prohibits the use of mobile phone whiles driving. As such laws continue to gain popularity, it poses a threat to the entry of our company because there could be that the law would one day take full glimpse, prohibiting the manufacturing and use of iPAD in vehicles all together. REFERENCE LIST Management.About.Com 2011, Barriers to Entry accessed on 12th February, 2011 from http://www.inc.com/magazine/20011001/23475.html Thacker A. 2010 iOS integration and iPad dock coming to BMW vehicle lineup. accessed on 12th Febraury, 2011 from http://www.gadgetell.com/tech/comment/ios-integration-and-ipad-dock-coming-to-bmw-vehicle-lineup/ The Statutory Rule 2003 No. 537 The Motor Vehicles (Construction and Use) (Amendment N0. 5) Regulations (Northern Ireland) 2003, accessed on 12th February from http://www.roadsafetyni.gov.uk/index/faqs/faqs-mobilephones.
