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Telecom sector was opened up to private sector as a reform under Economic Policy, 1991. Nokia became the first cellular company to operate in 1994 and dominated the market. Later, it lost its market share and was absorbed by Microsoft. The management of Microsoft examined the environment and made suitable changes.Identify the point of importance of business environment with appropriate actions reflected in the above case.
- a)It helps in identifying opportunities and getting first mover advantage
- b)It helps in identifying threats and early warning signals
- c)It helps in improving performance
- d)It helps in tapping useful resources
Correct answer is option 'C'. Can you explain this answer?
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Telecom sector was opened up to private sector as a reform under Econo...
Importance of Business Environment in the Telecom Sector
The telecom sector in India underwent significant changes after it was opened up to private players in 1991. Nokia became the first cellular company to operate in 1994 and initially dominated the market. However, it later lost its market share and was absorbed by Microsoft. The management of Microsoft examined the environment and made suitable changes to improve the company's performance. The case highlights the importance of the business environment and the actions that can be taken to improve performance.
Identifying Opportunities and First Mover Advantage
While identifying opportunities and getting first-mover advantage is important, the case does not highlight it as the main point of importance in this scenario.
Identifying Threats and Early Warning Signals
Similarly, while identifying threats and early warning signals is crucial, the case does not focus on this aspect.
Improving Performance
The most important point of the case is the importance of the business environment in improving performance. The management of Microsoft examined the environment and made suitable changes to improve the company's performance. The following actions were taken:
1. Examining the Environment: The first step in improving performance is examining the environment to identify the challenges and opportunities. Microsoft's management examined the telecom sector in India and identified the challenges and opportunities.
2. Making Suitable Changes: Once the challenges and opportunities were identified, Microsoft made suitable changes to its operations. For example, it focused on developing smartphones that were affordable and user-friendly, which helped it regain its market share.
3. Adapting to the Environment: Another important aspect of improving performance is adapting to the environment. Microsoft adapted to the changing environment by developing smartphones that were affordable and user-friendly. This helped it compete with other players in the market.
4. Building Partnerships: Building partnerships is another way to improve performance. Microsoft partnered with other companies in the telecom sector to develop new products and services. This helped it expand its customer base and increase revenue.
In conclusion, the case highlights the importance of the business environment in improving performance. The management of Microsoft examined the environment, made suitable changes, adapted to the environment, and built partnerships to improve performance.
The telecom sector in India underwent significant changes after it was opened up to private players in 1991. Nokia became the first cellular company to operate in 1994 and initially dominated the market. However, it later lost its market share and was absorbed by Microsoft. The management of Microsoft examined the environment and made suitable changes to improve the company's performance. The case highlights the importance of the business environment and the actions that can be taken to improve performance.
Identifying Opportunities and First Mover Advantage
While identifying opportunities and getting first-mover advantage is important, the case does not highlight it as the main point of importance in this scenario.
Identifying Threats and Early Warning Signals
Similarly, while identifying threats and early warning signals is crucial, the case does not focus on this aspect.
Improving Performance
The most important point of the case is the importance of the business environment in improving performance. The management of Microsoft examined the environment and made suitable changes to improve the company's performance. The following actions were taken:
1. Examining the Environment: The first step in improving performance is examining the environment to identify the challenges and opportunities. Microsoft's management examined the telecom sector in India and identified the challenges and opportunities.
2. Making Suitable Changes: Once the challenges and opportunities were identified, Microsoft made suitable changes to its operations. For example, it focused on developing smartphones that were affordable and user-friendly, which helped it regain its market share.
3. Adapting to the Environment: Another important aspect of improving performance is adapting to the environment. Microsoft adapted to the changing environment by developing smartphones that were affordable and user-friendly. This helped it compete with other players in the market.
4. Building Partnerships: Building partnerships is another way to improve performance. Microsoft partnered with other companies in the telecom sector to develop new products and services. This helped it expand its customer base and increase revenue.
In conclusion, the case highlights the importance of the business environment in improving performance. The management of Microsoft examined the environment, made suitable changes, adapted to the environment, and built partnerships to improve performance.
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Telecom sector was opened up to private sector as a reform under Econo...
Monitoring environment and adopting suitable business practices help in improving present performance.
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Telecom sector was opened up to private sector as a reform under Economic Policy, 1991. Nokia became the first cellular company to operate in 1994 and dominated the market. Later, it lost its market share and was absorbed by Microsoft. The management of Microsoft examined the environment and made suitable changes.Identify the point of importance of business environment with appropriate actions reflected in the above case.a)It helps in identifying opportunities and getting first mover advantageb)It helps in identifying threats and early warning signalsc)It helps in improving performanced)It helps in tapping useful resourcesCorrect answer is option 'C'. Can you explain this answer?
Question Description
Telecom sector was opened up to private sector as a reform under Economic Policy, 1991. Nokia became the first cellular company to operate in 1994 and dominated the market. Later, it lost its market share and was absorbed by Microsoft. The management of Microsoft examined the environment and made suitable changes.Identify the point of importance of business environment with appropriate actions reflected in the above case.a)It helps in identifying opportunities and getting first mover advantageb)It helps in identifying threats and early warning signalsc)It helps in improving performanced)It helps in tapping useful resourcesCorrect answer is option 'C'. Can you explain this answer? for Class 12 2024 is part of Class 12 preparation. The Question and answers have been prepared according to the Class 12 exam syllabus. Information about Telecom sector was opened up to private sector as a reform under Economic Policy, 1991. Nokia became the first cellular company to operate in 1994 and dominated the market. Later, it lost its market share and was absorbed by Microsoft. The management of Microsoft examined the environment and made suitable changes.Identify the point of importance of business environment with appropriate actions reflected in the above case.a)It helps in identifying opportunities and getting first mover advantageb)It helps in identifying threats and early warning signalsc)It helps in improving performanced)It helps in tapping useful resourcesCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for Class 12 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Telecom sector was opened up to private sector as a reform under Economic Policy, 1991. Nokia became the first cellular company to operate in 1994 and dominated the market. Later, it lost its market share and was absorbed by Microsoft. The management of Microsoft examined the environment and made suitable changes.Identify the point of importance of business environment with appropriate actions reflected in the above case.a)It helps in identifying opportunities and getting first mover advantageb)It helps in identifying threats and early warning signalsc)It helps in improving performanced)It helps in tapping useful resourcesCorrect answer is option 'C'. Can you explain this answer?.
Telecom sector was opened up to private sector as a reform under Economic Policy, 1991. Nokia became the first cellular company to operate in 1994 and dominated the market. Later, it lost its market share and was absorbed by Microsoft. The management of Microsoft examined the environment and made suitable changes.Identify the point of importance of business environment with appropriate actions reflected in the above case.a)It helps in identifying opportunities and getting first mover advantageb)It helps in identifying threats and early warning signalsc)It helps in improving performanced)It helps in tapping useful resourcesCorrect answer is option 'C'. Can you explain this answer? for Class 12 2024 is part of Class 12 preparation. The Question and answers have been prepared according to the Class 12 exam syllabus. Information about Telecom sector was opened up to private sector as a reform under Economic Policy, 1991. Nokia became the first cellular company to operate in 1994 and dominated the market. Later, it lost its market share and was absorbed by Microsoft. The management of Microsoft examined the environment and made suitable changes.Identify the point of importance of business environment with appropriate actions reflected in the above case.a)It helps in identifying opportunities and getting first mover advantageb)It helps in identifying threats and early warning signalsc)It helps in improving performanced)It helps in tapping useful resourcesCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for Class 12 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Telecom sector was opened up to private sector as a reform under Economic Policy, 1991. Nokia became the first cellular company to operate in 1994 and dominated the market. Later, it lost its market share and was absorbed by Microsoft. The management of Microsoft examined the environment and made suitable changes.Identify the point of importance of business environment with appropriate actions reflected in the above case.a)It helps in identifying opportunities and getting first mover advantageb)It helps in identifying threats and early warning signalsc)It helps in improving performanced)It helps in tapping useful resourcesCorrect answer is option 'C'. Can you explain this answer?.
Solutions for Telecom sector was opened up to private sector as a reform under Economic Policy, 1991. Nokia became the first cellular company to operate in 1994 and dominated the market. Later, it lost its market share and was absorbed by Microsoft. The management of Microsoft examined the environment and made suitable changes.Identify the point of importance of business environment with appropriate actions reflected in the above case.a)It helps in identifying opportunities and getting first mover advantageb)It helps in identifying threats and early warning signalsc)It helps in improving performanced)It helps in tapping useful resourcesCorrect answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for Class 12.
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Telecom sector was opened up to private sector as a reform under Economic Policy, 1991. Nokia became the first cellular company to operate in 1994 and dominated the market. Later, it lost its market share and was absorbed by Microsoft. The management of Microsoft examined the environment and made suitable changes.Identify the point of importance of business environment with appropriate actions reflected in the above case.a)It helps in identifying opportunities and getting first mover advantageb)It helps in identifying threats and early warning signalsc)It helps in improving performanced)It helps in tapping useful resourcesCorrect answer is option 'C'. Can you explain this answer?, a detailed solution for Telecom sector was opened up to private sector as a reform under Economic Policy, 1991. Nokia became the first cellular company to operate in 1994 and dominated the market. Later, it lost its market share and was absorbed by Microsoft. The management of Microsoft examined the environment and made suitable changes.Identify the point of importance of business environment with appropriate actions reflected in the above case.a)It helps in identifying opportunities and getting first mover advantageb)It helps in identifying threats and early warning signalsc)It helps in improving performanced)It helps in tapping useful resourcesCorrect answer is option 'C'. Can you explain this answer? has been provided alongside types of Telecom sector was opened up to private sector as a reform under Economic Policy, 1991. Nokia became the first cellular company to operate in 1994 and dominated the market. Later, it lost its market share and was absorbed by Microsoft. The management of Microsoft examined the environment and made suitable changes.Identify the point of importance of business environment with appropriate actions reflected in the above case.a)It helps in identifying opportunities and getting first mover advantageb)It helps in identifying threats and early warning signalsc)It helps in improving performanced)It helps in tapping useful resourcesCorrect answer is option 'C'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice Telecom sector was opened up to private sector as a reform under Economic Policy, 1991. Nokia became the first cellular company to operate in 1994 and dominated the market. Later, it lost its market share and was absorbed by Microsoft. The management of Microsoft examined the environment and made suitable changes.Identify the point of importance of business environment with appropriate actions reflected in the above case.a)It helps in identifying opportunities and getting first mover advantageb)It helps in identifying threats and early warning signalsc)It helps in improving performanced)It helps in tapping useful resourcesCorrect answer is option 'C'. Can you explain this answer? tests, examples and also practice Class 12 tests.
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