Techsid Argumentative Essay
One of the uncertainties that TechSid faces is the number of competitors within the market. The company would have to offer something different to gain a competitive advantage over its competitors. What is it about TechSid that makes customers choose its products? Is it good customer service, a great return policy, or unique products? A lot of companies offer these benefits, so it is crucial for TechSid to think critically about possible tactics to help separate itself from competitors. It's great to have a goal but realistic steps must be taken to work towards that goal. Furthermore, if the company plans to establish a well-known name, aggressive marketing strategies must be implemented, which can be very expensive. As technology quickly
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advances, smartphones might soon become a thing of the past, as smaller and more portable devices take over. According to one source, artificial intelligence will put an end to smartphones in the future as “we might be looking at tiny devices that can be implanted in our brains and give us direct interaction with computers” (“The Era”). In addition, “AI will be taking over many tasks that we’re performing on our smartphones today” (“The Era”). In this case, TechSid would have to rethink its whole brand strategy and product category. Another unknown concern would be in the event of an economic downturn.
Maybe there will be a recession and people will be laid off work and consumers will have less disposable income to spend on gadgets and accessories. However, history has shown consumers will continue to splurge on smartphones despite poor economic conditions (Hamblen). Either way, markets can be unpredictable, so it’s wise for TechSid to prepare for the worst-case scenario. Another potential unknown TechSid faces is if the Canadian government implemented higher trade barriers, like that of Donald Trump. One source stated during a campaign, Trump said “he'd impose tariffs of 35 percent on Mexican imports and 45 percent on Chinese imports to protect American jobs from unfair foreign competition. Companies that import those goods would pay the tax at the border” (“For Americans”). In this event, TechSid would have to either pay a hefty price or consider finding new suppliers within North America. As there are several unknown factors that can impact TechSid, it’s important for the company to consider the implications of each scenario and to be prepared ahead of time. Being proactive is the best way to be one step ahead of the market’s
uncertainties.
"For Americans, Trump's tariffs on imports could be costly." Fox News. N.p., 1 Dec. 2016. Web. 09 Apr. 2017. .
Hamblen, Matt. "Are Smartphones Recession-Proof?" PCWorld. N.p., 08 Nov. 2009. Web. 09 Apr. 2017. .
"The Era Of Smartphones Is Ending." Wall Street Pit. N.p., 04 Apr. 2017. Web. 09 Apr. 2017. .
advances, smartphones might soon become a thing of the past, as smaller and more portable devices take over. According to one source, artificial intelligence will put an end to smartphones in the future as “we might be looking at tiny devices that can be implanted in our brains and give us direct interaction with computers” (“The Era”). In addition, “AI will be taking over many tasks that we’re performing on our smartphones today” (“The Era”). In this case, TechSid would have to rethink its whole brand strategy and product category. Another unknown concern would be in the event of an economic downturn.
Maybe there will be a recession and people will be laid off work and consumers will have less disposable income to spend on gadgets and accessories. However, history has shown consumers will continue to splurge on smartphones despite poor economic conditions (Hamblen). Either way, markets can be unpredictable, so it’s wise for TechSid to prepare for the worst-case scenario. Another potential unknown TechSid faces is if the Canadian government implemented higher trade barriers, like that of Donald Trump. One source stated during a campaign, Trump said “he'd impose tariffs of 35 percent on Mexican imports and 45 percent on Chinese imports to protect American jobs from unfair foreign competition. Companies that import those goods would pay the tax at the border” (“For Americans”). In this event, TechSid would have to either pay a hefty price or consider finding new suppliers within North America. As there are several unknown factors that can impact TechSid, it’s important for the company to consider the implications of each scenario and to be prepared ahead of time. Being proactive is the best way to be one step ahead of the market’s
uncertainties.
"For Americans, Trump's tariffs on imports could be costly." Fox News. N.p., 1 Dec. 2016. Web. 09 Apr. 2017. .
Hamblen, Matt. "Are Smartphones Recession-Proof?" PCWorld. N.p., 08 Nov. 2009. Web. 09 Apr. 2017. .
"The Era Of Smartphones Is Ending." Wall Street Pit. N.p., 04 Apr. 2017. Web. 09 Apr. 2017. .