Four pillars of a hyper-social organization Essay

Four pillars of a hyper-social organization - Essay Example The four pillars are based on the need to abandon concepts that were applicable in the previous marketplace, but can be harmful when held onto during hyper-social strategy development. Essentially, the theme of the four pillars theory is addition by subtraction, as the elimination of outdated beliefs will only help to strengthen the development of appropriate hyper-social business strategies. The four pillars approach states that four ideas need to be forgotten: market segmentation, company centricity, processes/hierarchies, and discrete information channels. Each of these previously integral guidelines have been compromised by the development of hyper-social societies. Market segments are no longer relevant as groups have become associated in non-traditional ways, such as due to ideological beliefs (Gaines & Mondak, 2009), that require the focus to shift from the behaviour of markets to the behaviour of people. Accordingly, the next pillar requires businesses to change their operations to be human-centric as opposed to the traditional company-centered structure. Lastly, information channels have become similarly irrelevant due to the vast availability of information through group resources, and structure in general has become unrealistic as a characteristic principle of socially-influenced

Market Structure Essay Example | Topics and Well Written Essays - 2000 words

Market Structure - Essay Example Discussion of the market structures Perfect market competition In perfect market competition, economists recite that there are many firms, price takers, and the number of suppliers tends to be equal to the number of suppliers in the market. The reason of its occurrence is the ideology that informative buyers and sellers deal with homogeneous products (Stackelberg, et al 2011). Monopoly market structure The structure leads to the domination of the market by one producer of a certain product whose utility serves the needs of a broad group of clientele thus; the business entity manipulates the supply and pricing utilities and buyers rest to no obligation other than making purchases at different prices per unit of consumption (Oner, 2013). Monopolistic competition The situation occurs when there are many firms in market competing to market their products but often differ as they produce different types of products. The freedom of entry and exit rests upon the buyers and sellers and they obviously lack information thus they live in an imperfectly competitive market (Heywood, 2006). Duopoly market structure The advent of duopoly in a market occurs in the presence of two firms that are interdependent and obviously collude in their bid to execute their programs. There is a possibility of restrained policies to market entrants. The firms also restrain each other seeking to excel profitable through price leadership. Oligopoly market structure This market structure presents varied characteristics since the present firms often compete against each other despite the fact that they show a higher degree of interdependence. There exists the characteristic of non-price competition and an often possibility of collusion among the firms. There are barriers imposed to the new market entrants (Oner, 2013). The Californian market structure The markets pose different ownership structures with some depicting horizontal while others depict vertical structures. Research ascertains that p ower production utilities in Californian markets are authorized by the government to produce essentially on cost-based approaches rather than regulatory approaches (Stackelberg, et al 2011). However, the distribution of power through transmission rests regulated by the authorities thus ensuring equated supply to meet the existing demand rather than leaving the mandate to the producers who may aim to deliver to consumers who tend to pose higher marginal consumptions over domestic consumers. Arguably, the Californian market structure in the electricity sector seems to be a monopoly as well as a duopoly in that after production of the power by differentiated utilities restrains the entry of new firms. Further, the situation leads to the stipulation of prices in accordance to the will of the producers however, the system of duopoly shifts to oligopoly as the power producing utilities seek to gain abundant benefits while the authorities restrain them from accessing the consumers. Further , monopolistic competition prevails in the energy sector of California since the firms differ in production of energy from coal, hydropower utilities, and nuclear power production mechanisms (Bushnell, Mansur, and Saravia, 2004). Effects of high entry