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Telecommunications monopoly market competition
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There are a few very large problems I see in our world that I would like to help solve. I believe most of these issues are too much for one person alone to solve alone but can be collectively solved with others. I see industries in our country that are becoming monopolies and are taking advantage of customers and consumers because the choices in these industries are limited and new choices are being stifled. The telecommunications and automotive industries are just two out of many industries I believe to be corrupt. They act deceptively to gain unfair gains against their competition. In the telecommunications sector you basically have 4 main choices for cell phone service. There’s Verizon, AT&T, T-Mobile, and Sprint. You can argue that there are many more carriers, however mostly all of them run …show more content…
The existing companies will do everything they can to prevent you from getting started. The Tesla automobile brand is perhaps the most well known company to have suffered from corruption and unfairness in the automotive industry. Back in 2014, Tesla was restricted in several states from selling their cars directly to customers. The only thing holding them back was an automotive conglomerate made up of GM, Ford, Chrysler, and others. This conglomerate is called the National Automobile Dealers Association(NADA). NADA paid off politicians and lawmakers to prevent the sale of Tesla cars due to fear of competition. These companies were afraid they would need to put in effort to make their cars better rather than changing a few minor details about their yearly models. After a lot of back and forth, the FTC stepped in and supported Tesla but was unable to directly do anything about it due to regulations in each state. After pressure from their citizens, states had started letting Tesla sell their cars directly to consumers in 2014. The number of states has been steadily rising ever
Imagine if nobody had a cellphone in today’s world. That’s why today everybody has some form of a cellphone contract with the four major companies (AT&T, Sprint, Verizon or T-Mobile) or a less know cellphone provider. AT&T and Verizon Wireless provide more than the other two major companies.
When faced with answering such a question, I had to really think about what I wanted to accomplish. There are so many things one can do with unlimited power and resources, but to be efficient and effective I decided to focus on just a couple main areas and not in trying to solve all the problems of the world. The ideas were many but the hardest part of the process was not discounting any of the ideas early on. I also adhered to the creative thinking process laid out in Gary Davis's Creativity is Forever.
Corporation like Sprint Wireless provider industry which provides cell phone coverage and data. Sprint is one of the largest corporations in the U.S with competitors such as Verizon and AT&T. Sprint has a lot of control in the wireless provider market. Being Independent Corporation, still has to considerate the reactions of their competitors before making business decisions such as chan...
AT&T 27.1%, Verizon 26.3%, Sprint-Nextel 23.6%, Other 11.9%, T-mobile 11.1%. Source Forrester Research December 2007.
Many people say they want to change the world but never take any real action to make it happen. I however try to make it happen every day whether it be through my volunteer work, tutoring or simply helping anyone in need. This world needs a change for the better and I hope to be the person to convey
Nikola Tesla was a Serbian American inventor, electrical engineer, mechanical engineer and physicist. He was also considered an eccentric genius and recluse. Tesla is best known for his feud with Thomas Edison over AC power Versus DC Power. He was also well known for inventing the Tesla Coil which is still used in radio technology today. Nikola Tesla was mostly forgotten until the 1990’s when there was a resurgence of interest in popular culture.
Tesla Motors Case Study Tesla Motors is a company that produces and sells automobiles. Tesla is not an old automobile company. Tesla specializes in all electric cars that run 100 percent on battery and focuses on the future. Tesla is looking into the future and realizes that fossil fuels will eventually run out. Tesla is moving toward a zero-emission future for the better.
Tesla Motors (Tesla), founded in 2003 by Elon Musk, is an automotive company focused on enhancing Electric Vehicle market by creating optimum performance, all electric, vehicles for every class of consumer (Tesla Motors, 2015). In order to achieve such ambitious goals, Tesla Motors not only designs, but also manufactures, and personally sells the company’s electric vehicles (Hirsch, 2015). As additional quality assurance, Tesla Motors also designs, manufactures, and sells, electric vehicle power-train components, and battery products (Hirsch, 2015). Yet, despite the pivotal role Tesla’s self curated products play in the success of Tesla’s vehicles, the socially responsible company does not privatize
In addition, the economy is also working against Tesla as the gas and oil prices are dropping at a steady but positive way. This would render Tesla’s business unattractive, as people will be able to afford other types of cars other than the electric cars. Hence, the market economies may not be that favorable to Tesla as they are for other automotive sector market
Telecommunications gained mainstream attention in the early 90’s; however the initial key market was business men and women, who used their phones whilst being on the move and so allowing them to communicate with their companies with ease. Though in the modern era, telecommunication went through segmentation in the market trends, and now in this day and age it would be difficult to find someone who does not own some form of mobile technology. Many phone providers battle to provide the best service for their customers (Figure 1).
Manufacturing will run on 100% renewable energy helping our environment a lot. As of the year 2018 almost 500,000 cars should be produced. Tesla’s market value is $33.5 billion. Tesla’s stock market has risen over 1000% since 2012. To start tesla Elon Musk invested $70 million of his own money. Elon Musk is a successful businessman with 4 companies valuations over $1 billion. Elon Musk has a networth of $12.1 billion. Many of the Tesla sale models are illegal in many U.S.
Despite its success, Tesla Motors has been facing serious challenges throughout its history, for example:
Tesla Motors Inc. is an American public company which is known worldwide for its experience in designing, manufacturing and also the selling of electric cars and electric components for vehicles. The motor was started back in the year 2003 in San Carlos, California in the United States (Teslamotors.com, 2014). The company had its headquarters in Palo Alto and at the time of its inception, Elon Musk was its chief executive officer (CEO) (Hunger, 2010). Environmental concerns have been raised from time to time because of the dependency on the gasoline-fueled engine as the chief auto powertrain technology.
Tesla offers adults who want a luxury car without paying a fortune in gas prices with future generation electric cars, that where style, performance, and the environment are never sacrificed.
The Capital investment, skilled and licensed labour force, technological advancements, working with good quality suppliers is considered big barriers of entry into this industry. The future requirement of electric cars and hybrid vehicles has opened this industry to some new entrants like Tesla.