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

Prepare a proper memo addressed to bill, You are an accountant who has been...

You are an accountant who has been approached by two people, Bill and Steve, for some advice.  Bill and Steve are planning to open a furniture store in Toronto.  They plan to rent

PROJECT CHARTER, GIVE ME AN EXPAMPLE OF A PROJECT CHARTER.

GIVE ME AN EXPAMPLE OF A PROJECT CHARTER.

Linear programming methods of line balancing, Linear Programming Methods of...

Linear Programming Methods of Line Balancing Assume that a job is broken down into elements tasks and the total duration of all such tasks is 28 minutes. The cycle time i, e,

Determine the progress and control status of the project, i) Explain the p...

i) Explain the project management control technique called earned value analysis and illustrate the fundamental concepts. Justify your answer. ii) Determine the progress and

Define the term scenario planning in risk management, Define the term Scena...

Define the term Scenario Planning in risk management. Scenario planning: It is about perceiving uncertainties for example identification of risks and the growth of pre-em

Product development cycle, The product development cycle starts with th...

The product development cycle starts with the assessment of the customers needs and ends when the design is finally released for bulk production. The main steps in th

The three flows in Supply Chain Management, Hi can you please provide info ...

Hi can you please provide info on referencing material and more detailed info on the three flows in supply chain management?

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