I am looking at Sprint/Ericsson and the
wireless telecom service provider industry. Considering some of the external
factors in this area, this is an industry where the consumer trends and
business trends are changing very rapidly. We all know that i-Phone has
revolutionized the cell phone world and there is a growing shift towards smart
phones. We also have many android phones that have come into the market and
there is no dearth for mobile applications. This emphasizes the need for
research to analyze what features the consumers are looking for and the price
they are willing to pay for these. Also with the growth in social networking
sites like Facebook, twitter etc the data usage on the cell phones is also on
the rise, not only among the business users
but also among the younger generation. Analyzing these trends closely
will help in coming up with competitive data plans. Though Apple is leading the
pack with the i-phones, other firms like Samsung, HTC and LG are also fighting
for the market share. Sprint continues to compete with Verizon and AT&T as
it tries to build alliances with these cell phone manufacturers. Sprint had
passed up on the i-Phone when approached several years back and that was one of
the gravest mistakes made by the then CEO, Gary Foresee and Sprint ended up
paying heavily on that decision. There is constant threat from the competition
and it is a very fast paced industry that has struggled in the wake of the
recession as it is also a capital intensive business. So the company definitely
needs strong leadership and good vision accompanied by strong business strategy
to maintain market leadership.
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