Google faces challenges in maintaining its dominance in the search market and diversifying its revenue streams which rely heavily on advertising. The presentation evaluates Google's strengths, weaknesses, opportunities and threats. It proposes two solutions: Google Innovate, a business pitch competition that invests in startups, and integrating Google's compression technology Snappy into Android and SoundCloud to reduce file sizes while maintaining quality and functionality. Both solutions aim to drive innovation and expand Google's services and revenue sources.