Software Company Essay Example | Topics and Well Written Essays - 250 words

Software Company - Essay Example Strengths†¢ Good knowledge about different software development languages and platforms†¢ Owner is aware of cross cultural diversity and may adopt a new marketing and management strategy†¢ Ability to forecast increases the chances of survivability for the company during financial recessions†¢ High-quality product and cost-effective price†¢ Interested and passionate about software development†¢ Professional Web design and information architecture†¢ Good company locationWeakness  Ã¢â‚¬ ¢ Lack of reputation in (country name) market†¢ Owner has to prove himself in (country name) market†¢ Because company is a sole proprietorship, may be slow response time for customers†¢ Limited production rate†¢ Limited growth rate†¢ Services are limited to medium-sized and large companies  Opportunity  Ã¢â‚¬ ¢ Software development is a thriving industry†¢ Future strategic alliances†¢ Retainer contractsThreats  Ã¢â‚¬ ¢ New comp etitors entering markets†¢ New technological changes†¢ Economic slowdown†¢ Political, legislative, and regulatory changesActions for addressing weaknesses: To increase the responsiveness of the company, the owner will always carry small tablet with him at all times.Future growth opportunities will be considered, such as becoming a registered company to increase product rate and growth.