Yahoo has been one of the global platforms for sharing content of every genre through email. Yahoo is social networks where individuals not only share content but also interact with each other with the chat feature. Yahoo has been in the business since eons and now has been considered as one of the fundamental websites when it comes to sharing content. There are certain external factors that are important to analyze in order to define the policies pertaining to Yahoo. These factors are imperative to discuss. Yahoo has been evolved very much with the passage of time with the new features it has been introducing with each passing day.
The political factors include the rules and policies of the government in which Yahoo has been accessed. As Yahoo has been an open platform and everyone can share content with each other as per the policy, there are certain legal cyber rules that need to be followed by Yahoo. Apart from this the several cyber policies of the regions play a vital role in increasing and decreasing the users of the platforms. With the advent of globalization, the political factors have a positive role in the online social networks like Yahoo. These inter-political factors and the external political factors have its possible opportunities as well as possible threats to the platform.
The economic factors include the Exchange rates of the state in which the platform has been accessed. The recession element is also one of the mainstream elements in the upbringing of the dynamic social network group like Yahoo. Apart from these attributes pertaining to the economic factors the Price which the individuals or the clients of a state in the state are ready to pay for the technological reforms also affect the business of Yahoo. This varies in different regions. For instance, in few regions, the people are very much prone to technological advancements and so are always ready to pay for it. Moreover, The GDP of the state is the main factor contributing the business of the technical websites like Yahoo. The developed states with high Human Development Index and a good economy will be more prone to the Internet and will be more addicted to the social networks like Yahoo. The people of such states will be more interested in adapting technical websites as a daily routine task, so there will be more chances of the adaptation of innovation that social networks like Yahoo brings and will positively affect the online business as a whole across the globe.
The social factors encompass the technical trends in the society. Certainly, the modern societies are more interested in the internet and social networking. The societies which have a sense of latest technology and are always eager to adopt the contemporary internet trends will always welcome the innovations by the websites like Yahoo. There are certainly ethical issues as well for instance the way the website has adopted and introduced the technical changes and the features the website has been introduced, some states or the people of society will consider it as holy sin to become addicted to social media and social networking sites. All these social and ethical pressures and trends play a prominent role in the business of online business of Yahoo.
Technology has its ramifications in every sphere of life. Yahoo being purely technology oriented website, so technological factors are always the major ingredient for the business of social networking website like Yahoo. For Yahoo, the technological attributes like innovation have played a great and significant role. Yahoos very much prone to innovation and has always followed the contemporary trends. The technology gives it possible to spread the innovation within seconds and to give technological reforms to the users.
Yahoo has been one of the leading online social networking websites. It is always best to understand the external as well as the internal factors that affect the company as a whole. There have been many competitors to Yahoo now. For the online business like Yahooing order to maintain the graph of success, it is incumbent to fulfill all the legal issues of the region in which it is working. The world has now become a global village and people have become very much vigilant about the legal aspects of the cyber realm. This factor is therefore very important when it comes to the global technological websites like Yahoo.
The environmental factors encompass various global environment safety laws that must abide by the global standards. The World has now taken the vow in making the planet a beautiful and pollution free. In this perspective, all the international organizations are playing their role in showing the support to the world. So Yahoo can also play its part by supporting such campaigns and following the norms of the world.
The aforementioned factors are the crux of the analysis done for the website and its future. Therefore, it is always a good strategy to consider these factors while determining the policies and features of the website. In the same way, the future policies of the company should also be made as per the contemporary trends.