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

Sequence activities and milestones , This assignment is designed to demonst...

This assignment is designed to demonstrate your understanding of project scheduling, time and cost estimation. Assignment: Update your group's WBS created in Assignment 1

Describe the various organisational systems, Question 1: Using the "Mat...

Question 1: Using the "Matrix" system of authority and responsibilities, describe the various organisational systems which may be applied to the management of projects. Disc

Process of diagnosing the system, Question 1: What are the steps involv...

Question 1: What are the steps involved in the process of diagnosing the system? Steps involved in the process of diagnosing the system. Question 2: What are the maj

Functional project structure, QUESTION (a) The project lifecycle refers...

QUESTION (a) The project lifecycle refers to a logical sequence of activities to accomplish the project's goals and objectives. Regardless of the scope or complexity any projec

Eassy, Written Assessment Assessment Title Essay Task Description Task ...

Written Assessment Assessment Title Essay Task Description Task Your task is to consider the contents of:- SEBoK Kerzner">http://www.sebokwiki.org Kerzner (2013) AS/NZS 1

Determine the critical path by activities and duration, Determine the criti...

Determine the critical path by activities and duration. Activity          Duration (Wks)       Preceded by A                     5                               -

Perform a status assessment of the project iteration, Perform a status asse...

Perform a status assessment of the first project iteration (IIP1). DO NOT GENERALISE. Assess each activity separately and specifically against the intended outcome stated in the it

What do you mean by line balancing in management, What do you mean by Line ...

What do you mean by Line Balancing in management? Line Balancing: It means balancing the line among the product lines or assembly lines. This aims at grouping assists an

Woody, woody Develop a list of "Key Success Indicators" that could and shou...

woody Develop a list of "Key Success Indicators" that could and should have been measured on completion. Rank them in order of priority for this project.

Why undertaking competitive analysis is important, S is enrolled on T Compa...

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 bett

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