Download - Competitive analysis
COMPETITIVE ANALYSIS
K.SARANYA SUMA
141FC01041
Competitor analysis
It is a critical part of your company marketing plan.
You can establish what makes your product or service unique--and therefore what attributes you play up in order to attract your target market
• In marketing and strategic management is an assessment of the strengths and weaknesses of current and potential competitors. This analysis provides both
an offensive and defensive strategic context to identify opportunities and threats.
• Identify competitors• Evaluate competitive relationships• Identify competitors likely response profiles• Components of competitive IS & how it is
feeded in the process of framing a strategy
HOW
?
Before?
• How do you make a strategy?• Have you seen any organisation framing
strategy without making competitive analysis?• Do you feel any importance to be given to
competitive analysis?
Observe ?
• Porter focused • SWOT• One form of framing strategy• Even all PESTL analysis is based• Competitive advantage is calculated• One of chain in Value Chain • Our position in market is analysed
Porter’s Generic Strategy
Cost leadership
Differentiation
Focus