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Strategic Management of Cryptocurrencies

   

Added on  2020-05-11

15 Pages2837 Words326 Views
Running head: STRATEGIC MANAGEMENTStrategic ManagementName of the Student:Name of the University:Author Note:

2STRATEGIC MANAGEMENTTable of ContentsIntroduction......................................................................................................................................2Strategic background.......................................................................................................................2Strategic environment......................................................................................................................4Political factors............................................................................................................................4Economical factors......................................................................................................................5Social factors...............................................................................................................................5Technological factors...................................................................................................................5Environmental factors..................................................................................................................6Legal Factors...............................................................................................................................6Threat of crypto currencies that are handled by currency banks.................................................6Competitive environment................................................................................................................7Bargaining power of suppliers.....................................................................................................7Intensity of existing rivalry..........................................................................................................7Bargaining power of customers...................................................................................................7Threat from substitute products...................................................................................................8Threat of new entrants.................................................................................................................8Cost and viability of mining Bitcoin...........................................................................................8Strategic analysis.............................................................................................................................9

3STRATEGIC MANAGEMENTCriminal usage of crypto currencies..........................................................................................10The interest of the Chinese Government in crypto currency as well as implications of thisinterest in and across the world.................................................................................................10Conclusion.....................................................................................................................................10Reference List................................................................................................................................12

4STRATEGIC MANAGEMENTIntroduction The case study deals with investigating the growing use of crypto currency by providingan analysis of this growing world industry (Zhang et al. 2015). The study discuss on at leastthree crypto currencies such as Bitcoin, ethereum and darkcoin. The current segment properlypresents data of crypto currency trends and values over past few years. The study clearlycompares the resources and capabilities that are needed to mine crypto currency by small houseusers as well as large commercial factories. It even highlights the costs and viability of miningBitcoin. The threat of crypto currencies becomes difficult to handle by the currency banks.Discussion had been done on criminal usage of crypto currencies. Lastly, the interest of theChinese Government in crypto currency as well as implications of this interest is noted in andacross the world (Tschorsch and Scheuermann 2016). Strategic background The Crypto Currency market is growing at rapid pace in recent years. Major cryptocurrencies used in the market are Bitcoin, ethereum and darkcoin. Among these three cryptocurrencies, Bitcoin dominates over other currencies recently but the data highlights the marketshare will eventually drop down significantly by next few years (Tarasiewicz and Newman2015). There is growing trend of crypto currencies that are playing major role in the currentmarket. On analysis, it is even noted that crypto currencies are more complex by nature ascompared to public lexicon. There had been several studies that examine the role and future ofBitcoin but few actually explore the broader crypto currency market.

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