You have had a chance to learn about Facebook, its model, growth, outlook, strategic assets, and...

You have had a chance to learn about Facebook, its model, growth, outlook, strategic assets, and competitive environment. Do you think the firm will dominate in the future or be swept aside by technology’s relentless advance? Why?

Expert Solution

I think that firm will continue to dominate the industry in the future and the firm is still into the growth stage and it is not yet a mature company completely because the company is still increasing upon the market share and it is not losing up on the market share by introduction of new products and getting into mergers and acquisitions with existing players regularly in order to enhance its skills.

I think that Facebook is going to dominate and control a higher amount of market share because all the small players and small developers are not able to sustain and survive in the cut throat competition because they are not able to enhance on their contents whereas Facebook has grown into the largest social media network and it is used as the most useful method of influencing a large number of people and it is also acquiring various kinds of a smaller companies like WhatsApps in order to maximize its reach so the company is trying to always maximize upon its reach and it is providing with monstrous rate of return and I expect that the company is going to dominate because of its core competency and ability to maximize upon its potential.

jeff jeffy answered 2 years ago

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