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 are the steps of controlling in the management, What are the steps of ...

What are the steps of controlling in the management? All the steps comprised in controlling are as follows: • Purpose of standards of performance. • Measurement of defini

Line balancing methods, Line Balancing Methods  The various line balan...

Line Balancing Methods  The various line balancing methods or techniques used are: Heuristic Methods Linear Programming Kilbride and waste Methods

What are the costs involved with respect to quality, Question 1: Descri...

Question 1: Describe Total Quality Management. What are the Costs involved with respect to ‘Quality'? Cost of Quality Meaning of TQM Quality Control Costs

Program planning , Program planning  An effective and disciplined plann...

Program planning  An effective and disciplined planning of a project is directly related to customer satisfaction. Since customer expectations always include timely delivery as

Procurement , Functions of Purchasing Department

Functions of Purchasing Department

What are the uses of cost benefit analysis, What are the uses of Cost Benef...

What are the uses of Cost Benefit Analysis? Generally, this technique (complex cost benefit analysis) is advocated for use within decisions on public projects, wherein social c

Project cost management, Your project sponsor has asked you and your team t...

Your project sponsor has asked you and your team to refine the existing cost estimate for the project so that there is a solid cost baseline for evaluating project performance. Rec

Concept of project risk audit , Define the Concept of Project Risk Audit  ...

Define the Concept of Project Risk Audit  Audit can be defined as an evaluation of a person, organisation, system, process, enterprise, project or product. Quality risk audit i

H U D guidelines, For an initial secure order under HUD guidelines, are yo...

For an initial secure order under HUD guidelines, are you authorized to remove exterior debris automatically?

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