Management of Information System SWOT Analysis
One Network Enterprise is “the home of the Real Time Value Network, the world’s first and only real time decision-making supply chain suite in the cloud” (Real Time Value Network). The company is a software developer and possess firm position in software industry.
Developing a SWOT analysis is very important in order to “develop a strong business strategy by making sure you’ve considered all of your business’s strengths and weaknesses, as well as the opportunities and threats it faces in the marketplace” (Berry, 2015).
One part of a SWOT analysis is WEAKNESSES. This part shows “aspects of your business that detract from the value you offer or place you at a competitive disadvantage” (Berry, 2015).
If to speak about WEAKNESSES in software industry, the main of them are:
Fast-moving, advanced and innovative character;
High barriers to entry in the industry;
Dependence on large investments and high-qualified staff.
Fast moving, advances and innovative character for software industry seems obvious. Nowadays we live in a world where technology is playing more and more significant role. Technology penetrates in every spheres of our life and it is impossible to live without them. Especially it is important for business. Contemporary success in business is highly depended on the usage of the latest technological developments. Moreover, in order to compete, many companies invest huge amount of money in innovations and new technological developments. That is why we speak about fast moving and innovative character of software industry.
We have already mentioned that companies in order to succeed invest a lot of money in technological developments. This statement determines high barriers to entry in the industry. To be a member of the software industry it is necessary to have a powerful capital for investments in innovations. This implies next weakness of the industry: dependence on large investments and high-qualified staff. Without capital for innovations and qualified personnel that will wisely dispose of capital, the success in the software industry is impossible.
Let us draw our attention to WEAKNESSES of the One Network Enterprise Company. Three main of them are:
High cost of service;
Unavailability for medium and small businesses;
No competitors in “real time decision-making supply chain suite in the cloud.
One Network Enterprise has developed a unique software that represents a cloud platform for solutions in different industries: retail, public sector, logistic sector, healthcare and etc. This software helps to solve many problems as well as simplifies and accelerates business processes that lead to the business improvement. The only disadvantage of this software is its high cost. In its turn, small and even medium businesses cannot afford it. This unique opportunity for improving business is available only for large and powerful companies and organizations. As a result, they strengthen their position in the market while small companies became less competitive.
One more WEAKNESS of One Network Enterprise is its monopolistic position in the market. Their cloud platform is the only developed product is this field. From the economic theory, we know that a monopolism means the lack of competitors. In its turn, this lead to the aggressive behavior from the monopolist such as market dictation of its terms. Any thriving industry is likely to possess competitors what will guarantee further development and prevent it from stagnation.
References
Real Time Value Network. LikedIn. Retrieved from https://www.linkedin.com/company/one-network-enterprises?actionToken=p%3Dp%253Dbiz-feed-company-public-first-load%2526c%253D5fe4a571-45bd-4286-aa66-ee8f4af5e045%2526m%253Dcompany_feed%2526n%253D0%26t%3Da%253DisFolloweeOfPoster%25253Dfalse%252526distanceFromActor%25253D-1%252526actorType%25253D%252526likedByUser%25253Dfalse%252526targetId%25253D%252526recentCommentUrns%25253D%252526targetType%25253D%252526sponsoredFlag%25253DORGANIC%252526verbType%25253Dlinkedin%2525253Ashare%252526objectType%25253Dlinkedin%2525253Aarticle%252526totalShares%25253D0%252526activityId%25253Durn%2525253Ali%2525253Aactivity%2525253A6110113891633680390%252526recentLikerUrns%25253D%252526actorId%25253Durn%2525253Ali%2525253Acompany%2525253A15575%252526totalComments%25253D0%252526relevanceScore%25253D0%2E0%252526recentCommenterUrns%25253D%252526isPublic%25253Dtrue%252526time%25253D-1%252526totalLikes%25253D0%252526objectId%25253Durn%2525253Ali%2525253Aarticle%2525253A-1%252526distanceFromNestedActor%25253D-1%2526s%253DORGANIC%2526u%253Durn%25253Ali%25253Aactivity%25253A6110113891633680390&atv=2
Berry, T. 2015. What is a SWOT Analysis? Bplans. Retrieved from http://articles.bplans.com/how-to-perform-swot-analysis/
