Flexible project control tools judicious use of

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Flexible project control tools Judicious use of networking techniques Frequent feedback from the customer, Customer Relation and Operational Efficiency Leadership and Software Talent Global As often seen, companies are focusing more on creating market than entering new market, flexibility of new companies would help them adapt to the changes and can generate revenue out of these unexplored markets. As software companies deal with both products and services, a good network of resources, markets, customers etc., help companies gain competitive advantage over their counter parts. As highlighted by Forbes, companies are focusing on the following points to improve customer relations. 1. Let customers know you 2. Be Available 3. Special Services 4. Offer Knowledge 5. Offer Community. Software talent and leadership can effectively provide a coveted status to your company, which increases the value of company.
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Market Analysis based on CSFs(India) Region CSF 1 CSF 2 CSF 3 CSF 4 Flexible project control tools Judicious use of networking techniques :Frequent feedback from the customer, Customer Relation and Operational Efficiency Leadership and Software Talent India Following their western counterparts, majority of Indian companies are trying to delimit their area of operations. Companies are flexible enough to try out new ideas, even if they need to start from square one in a particular domain. Indian companies are yet to position themselves better among their peers. The companies are often seen performing backstage without being visible to essential clients. Few examples might be the third party IT vendors. As India’s IT sector is dominated by service based companies, customer relation becomes lifeline. Companies are reliant on software like salesforce, teamsupport, BMC remedy etc. to continuously take inputs/feedbacks from consumers and apply them for better services. Recent developments in India’s online retail sector points out the importance of operational efficiency. There is no dearth of talent and leaders in Indian subcontinent. We have seen major Indian companies attract the foreign investors who trust the credentials of Indian entrepreneurs.
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Porter’s 5 forces applied on IT Industry Threat of New Entrants Buyer Power Threat of Substitute Products Supplier Power Existing Competition Rivalry among existing Competitors Buyer Power – high Non – conventional IT services providers Supplier Power – low High standardization Numerous suppliers Infrastructure providers, etc. – IT is the backbone. Capital – not too large Existence of large firms Requirement of skilled workers Intense competitive rivalry exists due to low switching costs. TCS, Wipro, Infosys , IBM, offer similar products hence profit margins are low.
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