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

#title.Discountingw., what is the principle of discounting and what issues ...

what is the principle of discounting and what issues are critical in this process

Explain any two benefits of an erp implementation, Question 1 Differentiat...

Question 1 Differentiate between Commercial and Open Source ERPs software packages Question 2 For a successful MRP system three types of information are very essential. Descr

What do you mean by post completion report, What do you mean by post comple...

What do you mean by post completion report? The post completion (PC) report: This report would be created at the closing or finish stage of a project. Post completion rep

Drawbacks of poor planning and designs, Question 1: Explain why hotel m...

Question 1: Explain why hotel managers today are expected to be well-versed in Facilities Planning and Design Management. What according to you could be the drawbacks of poor

When is employer not liable to pay compensation to employee, When is an emp...

When is an employer not liable to pay compensation to an employee? Compensation: An employer is not liable to pay compensation to an employee under the given circumstanc

Motivation fectore at work, ye project topic kis web site pr hai jise downl...

ye project topic kis web site pr hai jise downlode kar sake

How do i best control cost, Q. How do I best control cost? Several peop...

Q. How do I best control cost? Several people think that they are controlling cost when they approve invoices or sign cheques. In fact the cost is already long since committed

Pareto charts, P areto charts It is a very helpful tool to identify th...

P areto charts It is a very helpful tool to identify the greatest opportunity for improvement among  various  possibilities  and  to  identify  the  small number  of  most inf

Value engineering, Value Engineering Value Engineering is not a program...

Value Engineering Value Engineering is not a program but a process. It is a systematic method used to improve the "value" of the goods or the products and services through exam

Tools and techniques of layout planning - templates, Tools and Techniques o...

Tools and Techniques of Layout Planning - Templates Templates are most commonly employed when preparing layouts. Templates are two dimensional (2D) or block templates consist

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