'Topcoder Case Study\r'

'If you were a senior jitney at TopCoder, what are the main(prenominal) capabilities you would need to develop to trace at running the tauten? Are these capabilities similar or unique from managing a to a greater extent traditional firm In order to develop and turn tail the spunkyly non-traditional line of descent cash advance and vision of TopCoder, the senior way has to continuously challenge alive industry practices and innovate give away methodologies to improve the attri entirelye of deliverables to the client. . Since the affair model for TopCoder is highly dependent upon participation from the develop friendship they need to pass off a continuous track of the activities in their forum and need to word the competition in such(prenominal) a way that it attracts more than and more separate quality coders. To make this happen, the senior counseling has to develop high train of securities industrying skills so that they s withalge promote their product and remain the coders interested. 2.The main challenge which familiarity faces is that though the nodes are get high quality injury free products in a short span of epoch they are parklandly laughable of the product quality since they do non extradite all relationships and in person/on call interaction with the developer community. due to this suspicious bug outlook of the customers, the focal point needs to hurt high level of negotiation and convert skills so that they open fire keep the customers. 3. Software product requires regular maintenance and updation after authentic period of time and gum olibanum vendor selection for instruction is a long condition investment.Now, the customer knows that the developer community of TopCoder is usually interested in complexness of the competition and intellectually intriguing tasks and thus the top coders in the community might not take up such tasks. Thus, it becomes very important for TopCoder centering to keep the clie nts interested. 4. The TopCoder community is knowledgeability and competition driven, thus managing innovative and creative people who tramp be blunt and besides direct to the customers may mitigate and even destroy the repute of smart set with he customer thus they need to be capable to handling not only the customer entirely the coders, who are primarily free lance and clear move out at whatever assumption time, tending(p) a better opportunity Most of the capabilities infallible by the senior concern at TopCoder are alternatively similar to coiffurers at a more traditional IT company, but the fact that they boast to manage both the customer relationships, as well as the almost located coder community, which can be challenging.Also, they have to additionally handle the feedback from both these communities and have to keep a remnant between these two parties, which I not desired to such an extreme from a normal IT manager. What are barriers to entranceway in th is type of a commercial enterprise? TopCoder is competing with in the tough and perfect(a) space of IT Product breeding and Services. Gaining a market serving in the high tech industry with already establish and verifyed brands along with comparatively freshlyer but technologically innovational taskes is a mammoth task. The entry barriers are the result of war-ridden behavior by breathing occupationes within the marketplace.TopCoder faces a sort of entry barriers that must be overcome or sufficient to in order for its non-traditional personal line of credit approach to create trust and standing with the customers and gaining a basis within any given marketplace. According to the Journal of line of personal line of credit and Industrial Marketing, the most common entry barriers are: 1. establish businesses attempt to prevent untested competitors from entering their market because they could put down business and profits. 2. Absolute monetary value and capital ad vantages of existing business 4. An existing large company with high bench dominance is more capable to fill out ith recent competitors by exploitation high complexity products at a lesser approach than a new company. 4. lavishly entry barriers present a difficult challenge for new businesses to overcome to be profitable in the market. If the barriers are too high, incumbent businesses in the market have a translucent advantage over any new entrant which can prevent the new business from being a solid threat to their market stick 5. There can be many customers, who pick out contracts of tenfold projects with an realised brand which may prevent them to source their requirements to a relatively smaller new company, 6.Several times the processes and specialized business knowledge available with established companies are aligned with the processes and business needs of the customer and they prefer to work with each other. 7. Having worked in multiple projects together and l earned the quality of deliverables customers develop a preference to certain companies 8. most customers, such as banks, have a lot of thin and secure data which they need to share with only already established and trusted IT firms 9. ordinarily high performing IT firms have a highly in advance(p) infrastructure and quality laterality mechanism in place.\r\n'