from the competition and to spend their money elsewhere. Competitive Intelligence involves the systematic collection and analysis of information about rivals for informing decision making. It has three main purposes: To forecast competitors’ future strategies and decisions To predict competitors’ likely reactions to a firm’s strategic initiatives To determine how competitors’ behavior can be influenced to make it more favorable One must understand all three purposes‚ the key requirement to understanding
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Introduction 3 III. Situational Analysis 3 A. The Situational Environments 3 1. Demand and demand trends 3 2. Social and cultural factors 3 3. Demographics 3 4. Economic and business conditions 3 5. State of technology for this class of product 3 6. Laws and regulations 3 B. The Neutral Environments 3 1. Financial environment 3 2. Government environment 3 3. Media environment 3 4. Special interest environment 3 C. The Competitor Environments 3 1. Describe
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and competitor’s activities. Competitor’s activities can present a threat to the organisation (gaining more market share) and therefore an organisation may need to change its marketing strategies to combat that situation. When doing a situation analysis the marketing audit would involve the four characteristics- eg: it should be a broad focus‚ it should be horizontal- eg: fully comprehensive in looking at the company’s internal strategies‚ systems and objectives. It should be a vertical-eg: look
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Texas Roadhouse Table of Contents Executive Summary……………………………………………………………………..3-4 SWOT Analysis…………………………………………………………………………4-5 Competitor Analysis……………………………………………………………….……6-7 Target Market Determination……………………………………………………….….7-8 Branding…………………………………………………………………………….…..8-9 4 P’s of Marketing……………………………………………………………………..9-10 Plan for Implementation……………………………………………………………...10-12 Product Service Life Cycle…………………………………………………………...12-13 Conclusion……………………………………………………………………………….13 Bibliography……………………………………………………………………………
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Marketing Executive Summary: The following report will explain how Qantas develops its situational analysis which is made up of the SWOT analysis and product life cycle. Throughout this report competitor analysis will be explained and there will be examples used in order to back up the information stated throughout the report. Background Information: The most important objective in a business is to identify and satisfy customers and by doing this the business will generate revenue. Marketing is one
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Chapter 2 The external environment: Opportunities‚ threats‚ industry competition and competitor analysis Knowledge objectives 1 Explain the importance of analysing and understanding the firm’s external environment 2 Define and describe the general environment and the industry environment 3 Discuss the four activities of the external environmental analysis process 4 Name and describe the general environment’s six segments Knowledge objectives 5 Identify the five competitive forces
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(NEW MILLENNIUM BAKERS) SUBMITTED BY Viraj moye Index | | Executive summary | 2 | Company overview | 3 | * New millennium bakers * Vision | | SWOT analysis | 4 | Organizational structure | 5 | Marketing department | 6 | Market analysis * Competitor analysis | 8 | Market research | 10 | Analysis | 15 | Suggestions | 16 | Conclusion | 17 | Bibliography | 18 | Annexure | 19 | EXECUTIVE SUMMARY The food sector is the growing sector in Goa‚ in terms of the
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Scanning the Marketing Environment Who are the primary competitors? How to ascertain their strategies‚ objectives‚ strengths and weaknesses‚ and reaction patterns? What are the key methods for tracking and identifying opportunities in the macro-environment? What are the key demographic‚ economic‚ natural‚ technological‚ political‚ and cultural developments? The Marketing plan Market survey Segmentation Identifying needs and wants Targeting Choosing a target market(s) Developping a market
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constant sight of a competitor who wants to wipe you off the map. – Wayne Calloway‚ Former CEO‚ PepsiCo Competitive Profile Matrix (CPM) Copyright 2005 Prentice Hall Ch 3 -5 Copyright 2005 Prentice Hall Ch 3 -6 1 External Strategic Management Audit External Strategic Management Audit Identify & Evaluate factors beyond the control of a single firm -- Environmental Scanning Increased foreign competition Population shifts Information technology -- Industry Analysis Copyright 2005 Prentice
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Plan As part of the Impressions Salon & Spa’s marketing plan‚ the following sections provide details of the current market situation by analyzing: Competitors‚ strengths‚ and weaknesses; roles in the marketplace; plan to differentiate the business; environmental issues‚ and; the most significant trend that impacts the company. The Company’s Competitors‚ and the Strengths and Weaknesses A competitor’s capabilities can be analyzed according to its strengths and weaknesses in various functional areas
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