Why undertaking competitive analysis is important, Project Management

Assignment Help:

S is enrolled on T Company's management development programme.  Although S has a financial background, the aim of the management development programme is to help him to gain a better appreciation of the external and competitive environment in which T Company =operates.  As part of the management development programme, S has been asked to make a presentation to his peers on the significance of undertaking competitive analysis and the types of information that require to be collected for this purpose.      

Explain what S's presentation should include on:

why undertaking competitive analysis is important.

 

In explaining why undertaking competitor analysis is significant, the presentation should include :-

  • The overriding purpose of gathering competitor intelligence is to recognize the specific competitive benefit of rival organisations. This would help the company in developing a better understanding of strengths and weaknesses of its potential competitors and to assist predict competitor behaviour.

 


Related Discussions:- Why undertaking competitive analysis is important

Continuous improvement (Individual Assignment), I and my friend would like ...

I and my friend would like to make assignment of PPMP20009 (project management methodology) of master of project management

Explain gbf group''s strategic business units, GBF Group is a leading food ...

GBF Group is a leading food and beverage manufacturer with an international presence in over 50 countries worldwide. The group has seven strategic business units (SBUs) and each ha

Disadvantages of fms, Disadvantages of FMS Limited ability t...

Disadvantages of FMS Limited ability to adapt to changes in product Substantial preplanning and capital Tooling and fixture requirements

Describe incremental approach to testing by unit test, Describe the increme...

Describe the incremental approach to testing represented by the orderly unit (module) test. Unit (module) test: Along with the incremental approach to testing, every unit

Cobit, compare cobit 4.1 with cobit 5

compare cobit 4.1 with cobit 5

What should be the main concern of the project manager, Question 1: Hos...

Question 1: Hospitality management is an area of constant evolution, renovation, changes in trends and fashion. According to you how could proper planning and design help in

Caselet, what are the objective of the project alignment session program?

what are the objective of the project alignment session program?

What do you mean by variable costs, What do you mean by variable costs? ...

What do you mean by variable costs? Variable costs conversely, tend to vary directly along with the volume of output. Illustrations of variable cost are as given below: direct

What are the steps in organisation design, What are the steps in organisati...

What are the steps in organisation design? Steps comprised in Organisation Design are as illustrated below: a. Understand and formulate the goals and things of the organisat

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd