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

Directing-process management, Directing (leading) This is the function ...

Directing (leading) This is the function concerned with influencing organizational members to carry out their assigned roles and activities. This function includes motivation,

Define the resource histograms in short, Define the Resource Histograms in ...

Define the Resource Histograms in short. Resource histograms A resource histogram is a column (or bar) chart which demonstrates the number of resources allocated to a pro

Calculate the net present value for each opportunity, Question: A brill...

Question: A brilliant UTM student at the end of his graduation is in presence of two opportunities and has to choose between them. One is a job offer with a salary of Rs15,000

Understand strategy of organisation by project manager, Why is it significa...

Why is it significant for project managers to understand the strategy of the organisation which uses their services? This enables the project to be considered in the context of

Quality and cycle time in projects, Quality and Cycle Time in Projects ...

Quality and Cycle Time in Projects The cycle time is a very important outcome variable because the projects are usually carried out under the strict delivery schedules. The cyc

Describe how you would estimate the team leading activity, Describe how you...

Describe how you would estimate the team leading activity. Team leading: This can be worked out by using the 'rule of thumb' which a team leader can efficiently supervise up

Project managment traffic lights, #questionhi i sent my assignment yesterda...

#questionhi i sent my assignment yesterday but havenot recieved any reply yet ..

What are necessary features of the earned value management, What are the ne...

What are the necessary features of the Earned Value Management? Necessary features of EVM systems: a. A quantified project plan which identifies work or activities to be

Describe fully the key constraints faced by any project, Question 1: (a...

Question 1: (a) What do you meant by a Project? (b) Describe Project Management and Project Manager. (c) Highlight the different types of activities involved in the management

Human aspects of project management, Carry out a literature search and writ...

Carry out a literature search and write a short report on 'The Human Aspects of Project Management and its Influence on Project Performance'.  Report should be no more than 5 pages

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