Succeeding In The High-Growth Technology Industry

Joel Fonseca

School Name

South Carolina Governor's School for Science and Mathematics

Grade Level

12th Grade

Presentation Topic

Consumer Science

Presentation Type

Mentored

Mentor

Mentor: Russell McCray, Chief Financial Officer, SPARC

Abstract

The technology sector is a booming industry that has become crucial to the global economy. However, the business is becoming increasingly competitive, with new startup companies being created every day. Unfortunately, 1 in 3 of these new ventures fail. SPARC is one of the successful startups. It is a software development company in Charleston, SC that is doing exceptionally well in the tech arena. It was the fastest growing American software company in 2013 and 9th fastest growing company overall. A market analysis of the global tech industry and an internal analysis of SPARC was performed to create a model of succeeding in the industry, using SPARC as a template for success. The analyses determined that SPARC’s continued success is driven by its dedication to maximizing user friendliness, creating an extremely fun and productive work environment that attracts incredible talent, and a being a business run by people with industry experience. This combination ensures high employee happiness and equally high productivity levels, which are both crucial to the future of a startup.

Start Date

4-11-2015 10:30 AM

End Date

4-11-2015 10:45 AM

COinS
 
Apr 11th, 10:30 AM Apr 11th, 10:45 AM

Succeeding In The High-Growth Technology Industry

The technology sector is a booming industry that has become crucial to the global economy. However, the business is becoming increasingly competitive, with new startup companies being created every day. Unfortunately, 1 in 3 of these new ventures fail. SPARC is one of the successful startups. It is a software development company in Charleston, SC that is doing exceptionally well in the tech arena. It was the fastest growing American software company in 2013 and 9th fastest growing company overall. A market analysis of the global tech industry and an internal analysis of SPARC was performed to create a model of succeeding in the industry, using SPARC as a template for success. The analyses determined that SPARC’s continued success is driven by its dedication to maximizing user friendliness, creating an extremely fun and productive work environment that attracts incredible talent, and a being a business run by people with industry experience. This combination ensures high employee happiness and equally high productivity levels, which are both crucial to the future of a startup.