Operations, Technology, Management, and Social Responsibility Plan (With Financials)
TechIQ S.W.O.T. Analysis Matrix
· Strengths.
· What are your selected company’s likely strengths?
· Is your product or service in a growing industry and does it lack an entrenched competitor?
· Are you in a niche market with great potential?
· What strengths do you and other team members bring to the company?
· Our workplace technology has been updated within the past year.
· We have a highly skilled and innovative IT team, CEO has 15 years as an industry leader in DOD / Medical / Banking and top 20 Fortune 500 corporations.
· Certified Microsoft an Apple Brand Identity, Innovative Products, Loyal Customer Base, Marketing and Advertising, Consumer Focus, Brand Value and Reputation. Smooth distribution chain.
· Weaknesses.
· What are your chosen company’s likely weaknesses?
· How entrenched is the competition in your industry segment?
· Is your management team inexperienced?
· How challenging will it be to produce the product or offer the service and maintain quality?
· Employees have to navigate between too many different workplace apps throughout the day to utilize troubleshooting / Connectivity and DB acceptances.
· We don’t have an easy way to manage Real time Traffic and on road instances.
· Dependency on other few products, Limited Distribution Network, limited Dependence of sales on High-end market segments, Lack of marketing and promotions.
· Opportunities.
· What are your company’s opportunities?
· Does your segment have more demand than supply?
· Have larger corporations stopped serving smaller or niche markets that you could enter?
· Is a new market emerging because of demographics, immigration, changing tastes, et cetera?
· Moving to cloud-based Virtual visit / Virtual consult / troubleshooting.
· Consolidating multiple applications into one to simplify our technology stack.
· Steady Customer Growth, Lack of Green Technology, Qualified Professionals, Promoting the use of Artificial Intelligence (AI), Expand Distribution Network, Green Technology and use of Electric Car, Collaboration, Expand Distribution Network, The use of smart technology such as watches , tablets and smart glasses.
· Equipment supply on demand, Remote drop off and remote off site warehouses.
· Threats.
· What are your company’s threats?
· Does a clear market leader exist that will be hard and expensive to displace?
· Are downward-pricing pressures in the segment making profit margins slim?
· Are there few or no barriers to entry for new competitors?
· New data security regulations could impact our IT department.
· A greater reliance on contractors in the gig economy will make it more difficult for us to predict our future office space needs.
· Wide spread use of Counterfeit Products makes hard to troubleshoot, Rising Labor Costs in Other Countries , Increased Competition , Market Penetration, Certification validation.
· Company Theft and solicitation.