ASSIGNMENT $2=$ IT ENTERPRENEUR

NAME: ARSHPREET SINGH

STUDENT ID: $4553036$

INSTRUCTOR NAME: ARZOO THAKKAR

Q: Performing a Swot analysis on a shopify company $($week$4).$ Suggest what can they do better?

Answer :

Swot analysis on shopify are below:

$1.)$ Strengths:

$-$ Strong brand recognition in the online retail sector and a presence on the market.

$-$ Extensive platform features and functionality for online stores.

$-$ Reliable customer service and user resources.

$-$ Integration with a variety of payment gateway and shipping companies.

$-$ To stay ahead of competitors by continuing innovation and updating.

$2.)$ Weaknesses:

$-$ For small businesses, the pricing structure may be too complex.

$-$ There are limited design and layout options for customization.

$-$ For some features, it depends on apps from other developers like third party apps.

$-$ Due to the high volume of transactions, there are potential security risks.

$-$ For users, limited offline support and resources are available.

$3.)$ Opportunities:

$-$ Expanding into new markets and industries beyond the ecommerce sector.

$-$ To enhance services and features by working together with other technology companies.

$-$ The development of new tools and resources to improve the users' online store.

$-$ We offer a more configurable and variable pricing plan.

$-$ Increasing mobile capabilities and user experiences.

$4.)$ Threats:

$-$ Competition from other online shopping platforms is growing.

$-$ Online shopping trends and consumer preferences are changing.

$-$ There are potential security violations and data breaches.

$-$ Businesses using this platform are affected by economic downturns.

$-$ The impact of regulatory changes on online retailers and online shopping platforms.

Suggestions for improvement:

$-$ For small businesses and entrepreneurs, provide a more reasonable level of pricing.

$-$ To meet the different brand aesthetics, add more customisation options for designs and layout.

$-$ In order to protect user data and transactions, improve security measures.

$-$ To maximise user usage of the platform, offer more inperson workshops and training sessions.

$-$ To adapt to the growing market for mobile e commerce, improve mobility capabilities and user experience.ASSIGNMENT $2=$ IT ENTERPRENEUR

NAME: ARSHPREET SINGH

STUDENT ID: $4553036$

INSTRUCTOR NAME: ARZOO THAKKAR

Q: Performing a Swot analysis on a shopify company $($week$4).$ Suggest what can they do better?

Answer :

Swot analysis on shopify are below:

$1.)$ Strengths:

$-$ Strong brand recognition in the online retail sector and a presence on the market.

$-$ Extensive platform features and functionality for online stores.

$-$ Reliable customer service and user resources.

$-$ Integration with a variety of payment gateway and shipping companies.

$-$ To stay ahead of competitors by continuing innovation and updating.

$2.)$ Weaknesses:

$-$ For small businesses, the pricing structure may be too complex.

$-$ There are limited design and layout options for customization.

$-$ For some features, it depends on apps from other developers like third party apps.

$-$ Due to the high volume of transactions, there are potential security risks.

$-$ For users, limited offline support and resources are available.

$3.)$ Opportunities:

$-$ Expanding into new markets and industries beyond the ecommerce sector.

$-$ To enhance services and features by working together with other technology companies.

$-$ The development of new tools and resources to improve the users' online store.

$-$ We offer a more configurable and variable pricing plan.

$-$ Increasing mobile capabilities and user experiences.

$4.)$ Threats:

$-$ Competition from other online shopping platforms is growing.

$-$ Online shopping trends and consumer preferences are changing.

$-$ There are potential security violations and data breaches.

$-$ Businesses using this platform are affected by economic downturns.

$-$ The impact of regulatory changes on online retailers and online shopping platforms.

Suggestions for improvement:

$-$ For small businesses and entrepreneurs, provide a more reasonable level of pricing.

$-$ To meet the different brand aesthetics, add more customisation options for designs and layout.

$-$ In order to protect user data and transactions, improve security measures.

$-$ To maximise user usage of the platform, offer more inperson workshops and training sessions.

$-$ To adapt to the growing market for mobile e commerce, improve mobility capabilities and user experience.