In fact, there are countless lawsuits between cell phone technology firms see chart. Technology and innovation have become important determinants of market share in the automotive industry.
It would be a mistake to conclude that at ground level, the regulatory environment has changed in any extreme way. So it should be clear that the cell phone industry, like so many multi-billion dollar industries, is not without its legal and political issues.
Economical factors Interest rates, inflation, and taxes affect the telecommunication industry. Therefore, mobile technology has been able to make competitive strides in terms of its offerings.
Political Stability Lack of political stability in a country effects business operations. And while technology steadily improved, games mostly stayed limited to specific portable systems like the Nintendo Gameboy or the PlayStation Portable.
During the recent years, the Asian markets have proved highly lucrative for the automotive brands. Mobile devices typically get upgraded with shiny new hardware every year. Apart from it, the focus is on fuel efficiency and environment friendliness. This makes planning difficult, particularly if your business is in a highly regulated industry such as finance and banking.
A greater level of government spending often stimulates the economy. The import and export laws that vary across nations can also be a headache for automakers in case of the nations where import laws are stiff.
Customers wish the government to acknowledge the internet as a basic human right. Changes in regulation Governments could alter their rules and regulations.
But such problems continue today. However, portable games were held back by technology; graphing calculators were very expensive. Following this, thousands of angry Waffle House patrons used Twitter and Facebook to announce that they would never eat there again.
The relative importance of the economic, environmental and legal factors has grown in the 21st century.In SWOT analysis Opportunities and Threats are external factors of a mobile industry. Opportunities are: Benefit from converging industry trends and introduce hybrid products in the market.
Making buying process convenient and efficient. Offer product at lower price and fast delivery. Customizing the products offered in standard forms. As such the government rules and regulations heavily affect the revenues of the vehicle brands. Technology that is fuel efficient and low on emission can easily pass government rules.
Moreover, the import rules and taxes vary from country to country. Overall, there are so many political factors affecting the auto industry.
Political factors of the car industry: Political factors highlight the main law and regulations, security measures and restrictions that can apply to the entire industry itself.
The factors that affect the automobile industry are; Laws and regulations have always affected the automobile industry. What critical factors are likely to affect the mobile network industry over the immediate period up to the time horizon and to whom the costs or benefits are likely to accrue.
In our society, mobile phones have become a necessity and we strive to find the best deals suitable for our lifestyle and needs. • Mobile industries launches handsets based on occupation.
• They also launches its product according to location. • Sometimes industries launches its product keeping gender factor in mind. 4. Economic Environment The economic environment consists of factors that affect consumer purchasing power and spending patterns.
Inmobile devices, data and the internet, are the biggest players in the telecommunication industry.
Customers, companies, and the government are divided on how the industry should develop. Here is a PESTLE .Download