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

Customer orientation - total quality management, IT is the ultimate goal...

IT is the ultimate goal in TQM and thus forms the focal element in TQM. The company should exceed the customer expectations and make him delighted. This means giving

Precedence diagram and identify the element, Precedence diagram and identif...

Precedence diagram and identify the element A task having 12 work elements and their logical relationship and time ( in Seconds ) taken is given in the table below. C

Relationship-reporting arrangements of manager with sponsor, What type of r...

What type of relationship and reporting arrangements must the project manager have with the sponsor? The sponsor of a project shows the management of the organisation which com

Developing a safe system of work, Question: (a) With reference to the ...

Question: (a) With reference to the Confined Space Regulations 1997. (i) Give the meaning of ‘confined space', providing TWO workplace examples (ii) What are the speci

Framework for organisational culture, According to Schein (2004),culture is...

According to Schein (2004),culture is essentially an established pattern of behavior built on shared basic assumptions generated by tackling crucial external adaptions and internal

Layout planning and analysis, Layout Planning and Analysis Designing a...

Layout Planning and Analysis Designing and installing a layout for the first time and subsequent revision may be looked after by the. Engineering or planning department. Not i

What are the disadvantages of critical path analysis, What are the disadvan...

What are the disadvantages of critical path analysis? Disadvantages of critical path analysis (CPA): a. Supposes a trade off among time and money but most staff cost coul

Work breakdown structure, got a case study of IKEA..have to make ghantt cha...

got a case study of IKEA..have to make ghantt chart and work breakdown structure

Project risk management team , Project risk management team  The projec...

Project risk management team  The project risk management team helps to carry out risk management process. The responsibilities of project risk management team are to:

Steps to create run chart, The steps to create a run chart are: 1.   Id...

The steps to create a run chart are: 1.   Identify the process to be observed: Ensure that the process involves some kind of repeatable activity in which results remain consis

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