Your response should be more than 700 words. Thanks! Question: According to your knowledge and opinion, identify...

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General Management

Your response should be more than 700 words. Thanks!
Question: According to your knowledge andopinion, identify and discuss TWO actors in thedigital environment (e.g. technological forces, economic forces,social forces, legal forces, consumers) that may contribute to thecurrent business success of Facebook.

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According to my Knowledge and Opinion the Two factors that contributed to the current Business Success of Facebook are 1 Technological Forces 2 Political Factors Technological ForcesTechnologies impact Facebook Inc considering that it is a business founded on online technologies This element of the PESTELPESTLE Analysis identifies the main technological influences on the firms remote or macroenvironment The following technological external factors affect Facebook Inc Increasing use of mobile devices opportunity Increasing number of online social media companies threat Diversification of online retail firms threat Facebook has the opportunity to improve user experience involving its mobile apps This opportunity is based on the trend of increasing mobile device usage worldwide However this PESTELPESTLE analysis points to the threat of increasing competition as more online social networks attempt to attract users away from the companys social media services This technological trend also leads to market saturation which is a threat See Answer

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