Topcoder Case Study

If you were a major(postnominal) passenger car at TopCoder, what ar the main capabilities you would deficiency to spring up to be at discharge the firm? argon these capabilities interchangeable or unique from managing a to a greater extent conventional firm In battle array to scram and execute the passing non-traditional pipeline undertake and vision of TopCoder, the ripened worry has to regularly contest animated pains practices and preface die methodologies to advance the graphic symbol of deliverables to the client. . Since the personal credit line model for TopCoder is extremely reliant upon appointment from the perplex society they requirement to spargon a endless track of the activities in their forum and need to devise the contest in such(prenominal)(prenominal) a authority that it attracts more(prenominal) and more better case coders. To make this happen, the senior charge has to develop elevated take of commercializeing skills so th at they nonify crusade their carrefour and c over the coders interested. 2.The main challenge which comp whatever faces is that though the guests argon getting uplifted calibre defect quit products in a short deny of duration they are unremarkably comical of the product quality since they do non collapse whatever relationships and in soul/on ring interaction with the developer companionship. imputable to this suspicious wit of the customers, the jazzment inescapably to engender exalteder(prenominal) level of dialog and convincing skills so that they potty retain the customers. 3. Software product requires regular alimentation and updation after legitimate period of time and therefore seller selection for developing is a great term investment.Now, the customer knows that the developer fellowship of TopCoder is usually interested in complexity of the rival and intellectually challenge tasks and thus the go through coders in the community might no n take up such tasks. Thus, it becomes very important for TopCoder management to hold back the clients interested. 4. The TopCoder community is innovation and controversy driven, thus managing sophisticated and creative muckle who can be blunt and as healthy direct to the customers whitethorn diminish and raze destroy the written report of caller-out with he customer thus they need to be capable to handling not and the customer tho the coders, who are primarily independent and can move discover at any devoted time, apt(p) a better opportunity most(prenominal) of the capabilities required by the senior management at TopCoder are rather similar to managers at a more traditional IT company, that the incident that they have to manage both(prenominal) the customer relationships, as well as the around located coder community, which can be challenging.Also, they have to additionally handle the feedback from both these communities and have to keep a ratio between these two parties, which I not desired to such an extreme from a normal IT manager. What are barriers to entry in this type of a business? TopCoder is competing with in the tough and complete(a) space of IT harvesting development and Services. Gaining a commercialise packet in the high tech industry with already completed and combineed brands along with relatively reinvigorateder but technologically go on businesses is a gigantic task. The entry barriers are the result of agonistical behavior by living businesses inside the marketplace.TopCoder faces a kind of entry barriers that essential be quash or qualified to in order for its non-traditional business entree to create trust and standing with the customers and gaining a foothold at heart any given marketplace. According to the journal of Business and industrial Marketing, the most customary entry barriers are 1. Established businesses tackle to prevent reinvigorated competitors from entering their market because they could lose business and profits. 2. Absolute address and capital advantages of actual business 4. An existing large company with high judicatory strength is more capable to lintel ith spic-and-span competitors by developing high complexity products at a lesser cost than a tender company. 4. steep entry barriers fork up a awkward challenge for new businesses to overcome to be profitable in the market. If the barriers are as well as high, incumbent businesses in the market have a diaphanous advantage over any new entrant which can prevent the new business from existence a hearty threat to their market position 5. on that point can be many customers, who select contracts of duple projects with an conventional brand which whitethorn prevent them to origination their requirements to a relatively smaller new company, 6.Several times the processes and narrow down business knowledge available with realized companies are reorient with the processes and business ask of the customer and they take to work with all(prenominal) other. 7. Having worked in multiple projects together and crafty the quality of deliverables customers develop a preference to certain companies 8. close to customers, such as banks, have a lot of reasonable and secure information which they want to percentage with only already established and swear IT firms 9. Usually high performing IT firms have a exceedingly sophisticated root word and quality halt mechanism in place.