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

What is project management methodology, Question 1: (a) What is project...

Question 1: (a) What is project management methodology ? (b) Why do you say that project management is the best method of implementing change ? Question 2: (a)

Cost-reimbursable contracts , Cost-reimbursable contracts  In cost-reim...

Cost-reimbursable contracts  In cost-reimbursable contracts you pay the contractor the costs necessarily incurred in the construction plus a fee. The latter portion viz. the fe

Network, charateristics of a good network

charateristics of a good network

Network Security and Support, Choose a case study from the readings or use ...

Choose a case study from the readings or use your own workplace or organisation to discuss these questions. 1. What are the key elements of a sustainability statement? 2. What ar

Flow charts, Flow Charts Flow chart is the most familiar tool to unders...

Flow Charts Flow chart is the most familiar tool to understand processes. It is used to identify a sequence of events in a process. Using flow charts require six deliberate act

How to measures cost of defects for the product, Business losses per defect...

Business losses per defect that happens during operation Business interruption costs; costs of work-arounds Lost sales and lost goodwill Litigation costs resulting from de

Explain the role of project manager in short, Explain the role of project m...

Explain the role of project manager in short. Project Manager: The project manager is conscientious for the daily management of the project into constraints laid down thr

What is the purpose of the post completion review, What is the purpose of t...

What is the purpose of the post completion review? The purpose of a PC (post completion) review: • Assist continuous improvement for example review procedures to design bett

ASSIGNMENT, OUTPUTS OF QUALITY PLANNING

OUTPUTS OF QUALITY PLANNING

Program manager roles , Program Manager Roles   The following is the r...

Program Manager Roles   The following is the role of the Program manager:   Responsible for meeting customer requirements.  Manage risk.  Deliver the program, the p

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