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Navigating Strategic Risks: Overcoming Challenges in the Competitive Cloud Computing Sector
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This version is not peer-reviewed
Advances in Computational Materials Sciences
Abstract
This paper analyzes ServiceNow’s overall strategy, business model, mission, vision, and key strategic risks. ServiceNow, a platform-as-a-service provider, has experienced significant growth and is poised for further expansion. The paper identifies strategic risks such as legislative and regulatory challenges, strategy development and execution risks, and competition in the cloud computing industry. Using Porter’s Five Forces framework, the assignment explores these risks and proposes mitigation strategies. Recommendations are made to protect intellectual property, maintain customer loyalty through subscription models, and ensure innovation in response to evolving market demands.
Keywords:
Subject: Business, Economics and Management - Business and Management
Copyright: This open access article is published under a Creative Commons CC BY 4.0 license, which permit the free download, distribution, and reuse, provided that the author and preprint are cited in any reuse.
Submitted:
07 October 2024
Posted:
16 October 2024
You are already at the latest version
Alerts
This version is not peer-reviewed
Advances in Computational Materials Sciences
Submitted:
07 October 2024
Posted:
16 October 2024
You are already at the latest version
Alerts
Abstract
This paper analyzes ServiceNow’s overall strategy, business model, mission, vision, and key strategic risks. ServiceNow, a platform-as-a-service provider, has experienced significant growth and is poised for further expansion. The paper identifies strategic risks such as legislative and regulatory challenges, strategy development and execution risks, and competition in the cloud computing industry. Using Porter’s Five Forces framework, the assignment explores these risks and proposes mitigation strategies. Recommendations are made to protect intellectual property, maintain customer loyalty through subscription models, and ensure innovation in response to evolving market demands.
Keywords:
Subject: Business, Economics and Management - Business and Management
Copyright: This open access article is published under a Creative Commons CC BY 4.0 license, which permit the free download, distribution, and reuse, provided that the author and preprint are cited in any reuse.
Exploring Risks Transferred from Cloud-Based Information Systems: A Quantitative and Longitudinal Model
Wafa Bouaynaya
et al.
Sensors,
2018
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