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Malaika Ghufran

The CEO of a software company has to deal with managing expectations versus results given changing requirements, ensuring quality assurance in the software product, staying aware of modern marketing trends as technologies evolve, handling multitasking such as managing developers, customers, and stakeholders, and staying motivated and innovative to address challenges. Key responsibilities include setting goals and vision, overseeing the software development process, reviewing code to prevent errors, and applying current strategies like considering mobile-first design. Having a technical background and people skills is valuable for a CEO to add value to product development.

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45 views6 pages

Malaika Ghufran

The CEO of a software company has to deal with managing expectations versus results given changing requirements, ensuring quality assurance in the software product, staying aware of modern marketing trends as technologies evolve, handling multitasking such as managing developers, customers, and stakeholders, and staying motivated and innovative to address challenges. Key responsibilities include setting goals and vision, overseeing the software development process, reviewing code to prevent errors, and applying current strategies like considering mobile-first design. Having a technical background and people skills is valuable for a CEO to add value to product development.

Uploaded by

malaika ghufran
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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MALAIKA GHUFRAN

10470
Q2: What do you have to deal with if you were a CEO of a software company or a
manager of a software development team?
Ans: CEO OF A SOFTWARE COMPANY:
The CEO has the top most authority position in any organization same in software companies also where
they set the goals and vision of the company. From very long time we are seeing CEOs of some software
some software companies as the public face. they have become brands like Steve Jobs of Apple, Elon
Musk of Tesla/SpaceX, etc. Producing a good quality product is the end goal for all companies, but for
the software development company it is very challenging goal as technologies is evolving day by day.

CEOs has huge responsible, so if we got up to this position we should start trusting our instincts, but we
should also need not to forget that even most famous CEOs also take advises from their mentors. There
are a lot of things every CEO deal in some of them which came in my mind are;

1. EXPECTATION VS RESULTS/OUTCOMES:
A lot of problems arise for coos just because due to the constant changing of requirements for
any software project. building products with unspecific requirements wastes a lot of time of all
the people related with that one software with their money. So gathering all of the
requirements and analyzing them is a lot more complex problem than business consultants
coming up with their ideal product because this thing decide what to be deliver at the end .so to
manage this problem I think ceo should follow a solid process and he should work a lot on line of
communication with all the stakeholders.
2. QUALITY ASSURANCE OF SOFTWARE PRODUCT:
I think ceo should check all the codes of developers to ensure that they are not suppressing the
errors just to be on deadline so ceos should review all the codes and everything of software
product just to add value to that product development.
3. MODERN WORLD MARKETING TRENDS:
As I have mentioned above that technologies are evolving day by day so ceo of any software
company should use the tactics of modern world markets e.g. if he is producing a website he
should check mobile-first or mobile-only or desktop-first. If he doesn’t have hands-on
experience in the latest and trending technologies, it is sure to impact that software product
market.
4. Skill of multitasking:
Ceo for any company must have skill to handle multitasking jobs.to manage developer customer
stakeholder etc. he needs to be a good planner to manage them all at the same time.
5. STAYING MOTIVATED AND INNOVATIVE:
No matter big or small challenges any software company faces. challenges like in requirements
or in new technologies, from ensuring security of product company laws with customer to
challenges of duplicating efforts and ideas developing software product requires CEOs to be
clear and focused on the problem to set that company to achieve what it wants to.

So only one CEO {obviously} deals with customer complaints, employee turnover, product
issues, cash flow gaps, etc. at same time. And according to me if that CEO has a background in IT
or computer sciences he can add value to product development. Having a technical CEO with
people skills is uncommon but a valuable asset to any company.

Q1: Explain the following with example. (Diagram If Required)


Ans MICRO ECONOMICS:
The word micro means small.so micro economics deals with all that things of
business and services which affects the economy at smaller level.it concerns with
all the decisions taken by individual that concerns with resources or pricing of
products or goods or services and the interaction among them. Here we deal with
specific industry or sector/unit and household of market.
EXAMPLE:
 a company wants to import from foreign country or it wants to export their
product to them.
 If we look upon how a company is lowering its prices of products to increase
its demand in market it will be consider in micro economics.

2. MACRO ECONOMICS:
Macro means big so here we are studying broader aspects and ignoring fine details.
Here we are not discussing the behavior of particular company or industry but the
economy as whole at country level or government level. We talk about why is
unemployment or high price levels of products affecting our economy in terms of
GNP.we also discusses inflation, growth, interest rates and productivity.
EXAMPLES:
 The total export of products one country is making to another country.
 Here I will not focus on the productions of cotton or carrots my country
making but I will study the total impact it causing on the GDP.
Help from this YouTube video
https://www.youtube.com/watch?v=Iz9dd0z-hw8

3. RISK AND UNCERTAINITY:

Help take from or Reference link :


https://en.ppt-online.org/297501
Risk:
 if we are talking about risk we are telling the probability of certain event or
exposure to occur.
 We can list all the possible things from that event or exposure that can occur.
 if we estimate all the possible outcomes from the risk and the potential
damage from that event, then we can calculate the amount of money to
control that particular risk.
e.g.;
A wet floor is a hazardous and very dangerous for slipping or falling or even
it might catch current there is a probability (risk).
Uncertainty:
 here we are talking about in broader aspect covering all the possible
outcomes and complexity from certain events or exposure which makes it
very difficult and impossible up to some extent to define a set of
probabilities.
 Though by creating and using certain kind of scenarios we can describe the
several things that can happen in the future, but we have no way of knowing
what will actually happen and when.
E.g.;
If economy of country is going bad due to unemployment high taxation and
many other things. It worries everyone about the countries future, but no one
can directly say it will cause this or that.

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