Google

1163 Words3 Pages

Google

Google is named after the mathematical term "googol,” defined as the value represented by a one followed by 100 zeros. Google is the leading Internet search engine; its primary service is offering consumers targeted search results which is selected from more than 8 billion web pages. Larry Page and Sergey Brin, both Stanford dropouts, created the Google search technology from a school project. The site offers search results in more than 35 languages and attracts an audience of more than 380 million people worldwide.

When Google entered the online search market, Yahoo was the market leader. In a short time span, Google has become the best search engine by cutting into the market share of Yahoo and other players. Its innovative strategy to generate revenue by placing advertisements on sites, which contain information related to those ads, has indeed made Google highly profitable. In 2002, Google pioneered the concept of Ad Words and Ad Sense, and thus created a sensation in the field of online advertising. Innovation is a major strength, in case of Google. The smart strategies they played right from the start have wondered othe market players.

Google has also surprised everyone by launching Gmail, an email service, which offers a massive storage space of 1GB. Gmail, which was launched on April 1st 2004, has been quite successful in attracting long time users of Yahoo and Hotmail.

Problem Description

1. People choose to search on Google because of its relevant search results, its appeal, and the speed with which it provides the results. Although Google is a market leader in the Online Search industry, still it cannot stop users from using competing websites. There is absolutely no switching cost for the users. T...

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...roducts like High Speed Internet, Application softwares, online auction etc.

To do so Google can merge with AOL or Time Warner Cable to provide High Speed Internet services to its clients. Google has also begun testing a free online-classified service, Google Base, in a move that could be considered a direct challenge to online auctioneer eBay. Google has also launched a web-based Spreadsheet program that will allow people to view and simultaneously edit data while conducting "in-document" chat.

Conclusion

As the world is getting more competitive every day, no company can rest assured of its success. Every company, whether it is big or small, has to put continuous efforts to come up with innovative business ideas in-order to achieve the ultimate objective of being profitable. In-order to move up the ladder, Google will have to work towards continuou imporvement.

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