The IT industry is a cut-throat business when it comes to competition and entrepreneurship. Entrepreneurs directly affect the competition landscape because consumers may trust the innovator or he or she may bring new ideas that work well with the company and market. Entrepreneurs can also negatively affect the competition landscape because consumers may lack trust or he or she brings ideas that does not correlate with the company.
In the last several years, the competition of the IT industry has become more intense and elongated. For instance, in January Google co-founder, Larry Page announced that he would be replacing Eric Schmidt as chief executive. This was done because Page was needed to “combat the threat from Facebook.” As of 2010 Facebook surpassed Google as the most visited website in the U.S. The objective for each company is to become “the point of entry” for web users. Page’s job is to manage with clarity and efficiency; though his real position is speculated to be to re-establish the entrepreneur drive of Google to match that of Facebook.
Google and Facebook have and will be in constant competition until the objective is completed. Google’s action of replacing Eric Schmidt with Larry Page is a prime example of how entrepreneurs can alter the competition landscape.
Stewart, James B. "Common Sense: Will Google Survive Facebook? - WSJ.com." Business News & Financial News - The Wall Street Journal - Wsj.com. 29 Jan. 2011. Web. 20 Feb. 2011
Hello Tenisha! I have just finished reading your blog and I thought it was very well written. You can tell you have done research because you are backing up your arguments and facts with proofs. I found it interesting to see that in the IT industry there is a competition between two main monopolies. This will definatley help us in writing our Extended Essay!
ReplyDeleteThis article seems very true. While it is known that IT entrepreneurs and innovators drastically change the IT landscape, for instance Mark Zuckerburg, and other software engineers. IT however is a large branch and does more than Facebook and Google. IT security, software engineers, communications, advertisement, and corporate consumer relations are all deal with in this industry. Any innovation drastically changes the industry, but usually only that specific section of the industry.
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