This document discusses the challenges facing a cybersecurity startup company. It outlines key issues like an insufficient talent pool in the current tier-2 city, difficulties promoting security services, and customers only seeking help after becoming victims. It provides background on the company and industry trends like increased mobile usage and the growing Indian cybersecurity market. Recommendations include relocating to a metropolitan city to access more talent, forming a partnership to acquire customers and demonstrate offerings, and splitting from the parent company to make independent decisions and pursue new opportunities.
This document discusses the challenges facing a cybersecurity startup company. It outlines key issues like an insufficient talent pool in the current tier-2 city, difficulties promoting security services, and customers only seeking help after becoming victims. It provides background on the company and industry trends like increased mobile usage and the growing Indian cybersecurity market. Recommendations include relocating to a metropolitan city to access more talent, forming a partnership to acquire customers and demonstrate offerings, and splitting from the parent company to make independent decisions and pursue new opportunities.
This document discusses the challenges facing a cybersecurity startup company. It outlines key issues like an insufficient talent pool in the current tier-2 city, difficulties promoting security services, and customers only seeking help after becoming victims. It provides background on the company and industry trends like increased mobile usage and the growing Indian cybersecurity market. Recommendations include relocating to a metropolitan city to access more talent, forming a partnership to acquire customers and demonstrate offerings, and splitting from the parent company to make independent decisions and pursue new opportunities.
Pratik Gaokar PGP13105 Deba Pratim Sinha PGP13084 Patankar Narendrasingh PGP13102 Nikhil Dudhe PGP13100 Neelakshi Borah PGP13098 CYBERPRENEURS WAKE- UP CALL: CYBER SECURITY AND MILENNIAL TALENT CRISIS Change marketing/ growth strategy Insufficient opportunities because of service offerings Entrepreneurial split Less talent in terms of IT field in the tier-2 city, Jaipur Firm seen as stepping stone by new recruits Relocation to a metropolitan city will increase the talent pool. Relocation Inability to take independent decisions under franchising Will help in retaining talent at firm by providing sense of better opportunities to customers Partnership Dilemma Indian customers unwilling to go for cyber security consultancy until they become victims Difficulty in promoting Information security solutions , spying , vulnerability checks , key logging; which are core business offerings Advanced target attacks : on government infrastructures, corporate databases and personal computers Big datasets :leveraged by both protectors and attackers Mobile security : Tremendous boom in internet usage & penetration Percept Softech, Franchise of Lakshyaa Technology Lab, 4 th largest critical IS solutions company Entrepreneurial startup having three major business offerings: enterprise security solutions, mobile and device security solutions, security assurance solutions and trainings Word of mouth promotional strategy with free demonstrations, which had fetched loyal clients
18 % increase in Indian IS Market Increased applications in Banking and Financial Services Industry US $ 202 million in 2012 and US $240 million in 2013 in Indian IS Market Industry Company Key issues Trends Recommendations Background Recommendations Relocation Would be needed to capture upcoming opportunities Pool of IT talent in metropolitan city will help in meeting short as well as long term goals Would help create a strong base of customers as most of the clients exist here, related to Banking and Financial Services Industry
Partnership Easier to find in Delhi; so green signal for it. Helps to acquire customer base of partner Service offerings easily demonstrated Helps in retaining recruits by showcasing promising career opportunities Split from Lakshyaa Lab Needed if aspire to grow and get fruitful output from the upcoming opportunities Enable to take independent crisp decisions No limitations on service offerings as faced earlier New brand recognition and serving long term perspectives