Swot Analysis of Tc7Solutions

1. POTENTIAL NEW ENTRANTS:

A. LOW START-UP COST

 Any new entrant can start the business immediately with a very minimum amount of capital requirement since the key asset needed here will be the IT/Programming skills and there will be no need to rent a big office and/or hire many employees.

B. IT/PROGRAMMING TECHNIQUES NEEDED BUT SOME CAN BE EASILY DOWNLOADED FROM THE INTERNET

 New entrants with basic programming skills can easily download specific coding/programming tasks for project completion.

C. WIDE IT/PROGRAMMING SKILLS NEEDED BUT NEW FIRMS CAN OUTSOURCE OR HIRE IT/SOFTWARE DEVELOPERS

 New entrants can start the business as long as they have interpersonal skills to attract potential customers and enough capital to outsource or hire IT/Software developers.

NEW ENTRY IS QUITE EASY

2. BARGAINING POWER OF BUYERS:

A. LARGE POTENTIAL TRADITIONAL COMPANIES SHIFTING TO AUTOMATION AND ONLINE MARKETING

 Existing and new firms use system automation to reduce personnel cost, load of paper works and time;

 Existing and new firms are encouraged to have their own websites for marketing purposes, integrated job hiring and others.

B. HIGH PRICE SENSITIVITY

 Firms tend to look for the lowest price especially when few portfolio is available and after comparing the costs with the other IT/Software providers.

C. HIGH LEVEL OF PRODUCT/SERVICE DIFFERENTIATION ALTHOUGH SUBSTITUTES CAN BE FOUND EASILY

 Each automation/system created for the customer has a distinct user-interface (e.g., some systems don’t have the drag & drop tool which could have prevented manual encoding of commands/data).

 There may be similarity on the user-interface but the back-ends differ. IT/Software providers may use the ff. as their back-end: Oracle, Microsoft SQL Server and MS Access. The back-ends mentioned may also differ on their versions.

 There could be similarity on the user-interface and back-ends, but the performance differs. Such that some programmers code just to...