Sony is competing not only in the division of smartphones but also in gaming consoles, television and other electrical appliances too. Sony has to compete with many different brands simultaneously and is losing share in the market. To regain their share, Sony has to take certain changes and bring about technological advancements. The case informs the current scenario of the employees working there; the structure is a kind of bureaucratic and there are people who are rigid enough to adapt to the new change arising due to innovating technologies. Sony at some point have achieved economies of scale but the important thing is that Sony has hardly taken the first mover advantage. Sony came in the game when the consumer had established a great taste for the alternative commodities such as Apple, Samsung or low tier Chinese brands.
n contemporary business setting realisation of goals depends upon how organization approaches it, professionalism in approach reduces the risk and cost associated with achieving organisational goals. Henceforth, professionalism leads to more consistent and high quality outcomes leading to a sustainable competitive advantage
Understanding Stock Market Basics for Beginners
What is the Stock Market?
The stock market is a marketplace where investors can buy and sell shares of publicly...