Question

In: Economics

Introduction on the company (overview), what does the company do, what product or service does it offer, and where is it located (headquarters)

my company name is IBM . below guidelines are needed. 

  1. Introduction on the company (overview), what does the company do, what product or service does it offer, and where is it located (headquarters)
  2. Who are its main competitors (list all competitors)?
  3. What is the market structure (e.g. pure competition, monopoly, oligopoly, etc.)?
  4. How is it regulated?
  5. What they got wrong analysis detailing a strategy mistake using the course concepts
  6. demand analysis,production analysis, pricing analysis
  7. conclusion
  8. reference
  9. What they got right analysis detailing a strategy win using the course concepts

Solutions

Expert Solution

IBM(International Business Machine) is an American based multinational company. The company was founded in 1911 in Endicott, New York. It is operated over 177 countries in the world. In 1911 the company was named as Computing tabulating recording company (CTR) which was renamed in 1924 as International Business Machine.

The founder of the company was Charles Ranlett Flint and Thomas J. Watson.

I​​​​​​BM produces and sells computer hardware, middleware and software, and provides hosting and consulting services in areas ranging from mainframe computers to nanotechnology.

IBM produces storage, software, services and cloud.

IBM headquarters is in Armonk, New York, United States of America.

IBM competitors are Hewlett Packard, Accentuate, Xerox and Computer sciences cooperation

The market structure for mainframes was an oligopoly, but the market for the products in which IBM is competing now is monopolistic competition. The current market structure IBM is competing in is marked by the following factors: the competitiveness is impacted by a large number of sellers.

Conclusion : IBM is specialised in computer hardware, computer software, consulting and IT services. The general business activity IBM are categorised as being part of the Information Technology Services industry.

Rahul Sunny answered 1 year ago
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