Nobody downloaded yet

Comparison of the entrepreneurial journey made by Skype and Groupon - Essay Example

Comments (0) Cite this document
Summary
In order to completely compare the two, we need to understand their history from small start-ups to the large corporations they are today. …
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER98.4% of users find it useful
Comparison of the entrepreneurial journey made by Skype and Groupon
Read TextPreview

Extract of sample "Comparison of the entrepreneurial journey made by Skype and Groupon"

Download file to see previous pages Microsoft Corporation most recently acquired the company in 2011. It has operated as their wholly owned subsidiary system since then. However, the licensing and operations of the software continue to be provided by Skype Technologies (Markovich and Krieger, 2010). The company is a limited liability company. Skype was originally developed to offer voice over IP services (VOIP) from the first release in 2003. This provided users a means to make calls over the internet, computer to computer or from computer to telephone at reduced call rates. The company also offers services such as calling landline/mobile phones to and from Skype by offering a Skype Number to their users. The services offered are the main source of Skype’s revenue.
Groupon is a globally known e-commerce marketplace, which connects millions of their subscribers with local merchants. This is done by offering a range of business activities, travel opportunities, sales of goods and services in more than 47 countries. The company was launched in November 2008 in Chicago. By October 2010, the company had over 35 million users (registered). Andrew Mason created the original idea behind Groupon. Groupon, Inc. is the world’s largest online coupon provider currently.
Both companies have received numerous takeover offers but not all have responded the same. ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Comparison of the entrepreneurial journey made by Skype and Groupon Essay”, n.d.)
Comparison of the entrepreneurial journey made by Skype and Groupon Essay. Retrieved from https://studentshare.org/business/1702510-comparison-of-the-entrepreneurial-journey-made-by-skype-and-groupon
(Comparison of the Entrepreneurial Journey Made by Skype and Groupon Essay)
Comparison of the Entrepreneurial Journey Made by Skype and Groupon Essay. https://studentshare.org/business/1702510-comparison-of-the-entrepreneurial-journey-made-by-skype-and-groupon.
“Comparison of the Entrepreneurial Journey Made by Skype and Groupon Essay”, n.d. https://studentshare.org/business/1702510-comparison-of-the-entrepreneurial-journey-made-by-skype-and-groupon.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Comparison of the entrepreneurial journey made by Skype and Groupon

Acquisition of Skype

...companies “are buying users instead of revenue and profitability. That’s what eBay did for Skype. They saw a great asset with tons of users but no clear monetization path” (Stone, 2007). Soon after the completion of acquisition of Skype, eBay struggled to make profit out of the popularity of Skype. In 2007, when Skype was still a part of eBay, added a directory – ‘yellow pages’. Furthermore, new option was also provided for the users for rating the business. Unfortunately none of these were able to draw attention of the users (Stone, 2007). In the second quarter of the same year Skype managed to earn only $90 million, but this was far below the...
10 Pages(2500 words)Essay

Skype

...?DQ1: Skype Skype uses VoIP (Voice over Internet Protocol), which is a service that allows us to make calls from a PC to an ordinary phone. Valdes and Roos (2012) state that, “VoIP can turn a standard Internet connection into a way to place free phone calls.” The voice call passes both through the Internet and through a telephone network. However, the mechanism is a bit complex as compared to an ordinary phone-to-phone call. The mechanism comes under the concept of Internet Telephony, which supports voice calls, SMS, and voice messaging services that are initiated through the internet and are intended for an ordinary phone. To understand the generation of a VoIP telephone call from Skype, let’s consider both the sender’s side... and the...
1 Pages(250 words)Essay

Groupon

...? AN ANALYSIS OF THE CURRENT AND FUTURE USE OF INTERNET TECHNOLOGIES OF GROUPON Executive Summary Groupon is one of the fastest rising online businesses in the last decade that uses unique e-business model to offers its customers’ group coupons and daily deals. The business model of the company works such that if the minimum number of people does not sign up for the day then the deal is cancelled and no one gets to avail the deal for that particular day. By using this kind of business model the company reduces retailer risks. The company’s marketing and promotion strategy enables subscribers to share their experience on social media. This helps the company to spread the daily deals reach out to as many...
7 Pages(1750 words)Essay

Groupon

.... Since the business decided how many deals they wanted to do at a particular price, the business kept control of how quickly they wanted customers. Also, businesses did not have to spend anything until the customers actually used the coupon. This was a very good idea. Also, customers did not have to spend on a deal until it reached the number of people that would close the full deal. This made it easier for customers to buy more deals. Marketing Marketing was very easy for Groupon because they used Twitter and Facebook and encouraged their customers to share the deal with their friends and family. When customers referred people to Groupon and their referral bought a deal, the referral...
3 Pages(750 words)Essay

Skype

...customers on the basis of the amount of calls made by them and primarily has a “pay as you go approach” (Rappa 2008). In addition, Skype also allows its customers to pay a monthly subscription fee to make unlimited calls. The customers can choose to pay a subscription fee of 3.95 Euros per month to make unlimited landline calls in their country or they may choose to pay a monthly subscription fee of 8.95 Euros to be extended the facility to make unlimited calls in almost 36 countries worldwide (Skype 2009). With the traditional technologies like landline phones and cellular phones expected to go cheap in the near future, Skype certainly has many challenges to face...
3 Pages(750 words)Essay

Skype

...of the of the Concerned 5 March 2008 Skype Q.What is e-marketing? Ans. To elucidate clearly, e-marketing involves the application of basic and fundamental principles of marketing through the aid of electronic media and particularly the internet. E-marketing is also referred to by the terms online marketing or internet marketing (quirk 2008). The primary purpose of e-marketing is to enhance and update the awareness pertaining to a brand amongst the potential customers by resorting to innovative and effective internet based technologies (quirk 2008). In addition, e-marketing also performs the vital function of connecting the interested customers to the services extended by a specific brand (quirk 2008). Considering the...
2 Pages(500 words)Essay

Groupon

...Groupon: E-Marketing Activities What e-Marketing activities does Groupon undertake? The e-marketing activities that Groupon undertake include encouraging members through easy registration and access to immediately avail of enticing offers; (2) being able to publicly announce the best deals from various merchants that could be availed at great discounts; (3) clear stipulation of time frames for the offers from merchants; (4) providing options for regular reminders through email correspondences on new offers and deals; (5) applying promotional strategies to subscribers through a referral system which enables availment of Groupon bucks (Bulygo & Metrics, 2012); (6) offering purchases for a friend which could enjoin more to attest... and...
1 Pages(250 words)Essay

Groupon And Alibaba

...is their business strategy which yields report. Alibaba business strategy is growth strategy, in which it pursues to become a global force in e-commerce. To achieve this, it looks at IT startups and other e-commerce ventures as opportunities for growth and business merges, to form a global conglomente, providing B2B, and B2C business channels. In contrary, Groupon business strategy is based on economies of networking and economies of scale, encouraging consumers to sign up as a group and enjoy Groupon offer. This strengthens consumer bargaining power, which may be attributable to its poor performance in comparison to Alibaba free market design, where consumers and business are provided...
3 Pages(750 words)Statistics Project

Skype anaylsis

...to people within Skype and instant messaging and file sharing. These free services are marketing strategies that entice the public to become members of the Skype customers. However, the company charges a little fee for sending text messages and calls outside Skype specifically to mobile and landline numbers. The company services have become cheaper due to the reduction in the internet technology cost within the current world. As the price of internet goes down, the customers find it easy to communicate through this platform (Karami 159-160). Secondly, the cost of computer and mobile devices has gone down and this has made easier for the company to reach to more...
8 Pages(2000 words)Research Paper

Groupon Inc

...deficiency in the reserve fund to deal with larger refunds resulting from higher-priced deals not availed by customers. The old business model that was used to compute or estimate for probable refunds was a mismatch because of the high-priced deals which customers may have thought as not worth it at all so they returned the coupons. The material weaknesses made by Groupon centered on its refund policy as the auditors discovered using the MUS auditing technique. The MUS is otherwise known as the dollar-unit sampling method. In this particular case, the auditors choose at random any of return vouchers as samples for their examination. Based on the vouchers selected at random, there is now a greater...
2 Pages(500 words)Research Paper
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Comparison of the entrepreneurial journey made by Skype and Groupon for FREE!

Contact Us