Published on September 26, 2016
1. MISSION Google’s mission statement is “to organize the world’s information and make it universally accessible and useful.” VISION Google’s vision statement is “to provide access to the world’s information in one click.”
2. GOAL Make computing simple again Google is trying to tie its software to everything. Become our primary interface to the world. Improve the quality and reach of the internet. Control more of the purchase cycle. Extend/improve life and cure disease.
3. P E S T L E Monopoly Flow of information Cash in foreign bank Huge amount of cash Drop in the value of a currency could reduce the company’s value Growing use of mobile devices Innovation Growing Internet Access Shopping search Social media Regulation on Online piracy Patent Dispute Costlier green energy sources Google might not be able to offer free services as it has in the past. PESTEL ANALYSIS
4. GOOGLE’S STRATEGY Corporate level Stability - Stability approach to set a steady course Growth - Sustainable growth strategy Retrenchment – Orkut (Sept 2014) Combination type - many times Business level Focus on the user Believes in constant improvement Speed is priority Democratic approach is used Hungry of betterment Functional level Work from home Innovation labs Individual start-ups
5. PORTER’S 5 FORCES ANALYSIS Potential New Entrants Barriers to entry in the internet search market are high. New Entrant need thousands of servers located across the world. Huge capital investment is required. Suppliers Power Google’s ad system is a reliable source of income because both the ad-making partner and ad- receiving individual are both customers of Google’s. supplier bargaining power will remain low. Rivalry complimentary products to their main internet search service. Yahoo, and Microsoft (operating under their respective brands – MSN and Live Search) Buyer Power The power of buyer is low as there are very few search engine. Limited search engine Potential Substitutes No suitable substitute for search.
6. WORK CULTURE Open Innovative Smart with emphasis on excellence Hands-on Supports small-company-family rapport
7. BEST PRACTICES 70/20/10 Rule HIRING GIVING MORE POWER TO THE PEOPLE USE PEOPLE ANALYTICS TO DRIVE YOUR HR PRACTICES
8. THANK YOU