Professional Documents
Culture Documents
By: Sandeep Kr. Soni
By: Sandeep Kr. Soni
By: Sandeep Kr. Soni
SONI
Building strong brands requires a keen understanding
of competitors, and competition grows more intense
every year. A competitive and environmental analysis of
our markets should include all the key influencing
factors that affect the way in which WE can compete.
THREAT OF:
INTENSE SEGMENT
RIVALRY.
NEW ENTRANTS.
SUBSTITUTE
PRODUCTS.
BUYERS GROWING
BARGAINING POWER.
SUPPLIERS GROWING
BARGAINING POWER.
Benchmarking:
Benchmarking is used to ascertain how well you are doing
against the competition. Are there areas that you can learn
from the competition? Are there ideas in markets outside your
own that would be worth bringing into your market to give you
a competitive advantage?
Consequently often adoption of the competition's good ideas is
the best way forward (although perhaps after a little fighting to
test whether the ideas are sound). But learning from the
competition, doesn't mean following the competition. This
approach, known as an "invest in your threats" strategy.
Competitor analysis:
Competitor analysis has two primary activities-
1) obtaining information about important competitors,
2) using that information to predict competitor behavior.
WHAT DRIVES THE WHAT THE COMPETITOR
COMPETITORS? IS CAPABLE OF DOING
competitors' strategies
and planned actions.
how to influence
competitor behavior to
the firm's own advantage.
DIRECT SOURCES INDIRECT SOURCES
ACTIVE PASSIVE
• CUSTOMER/CLIENT
INTERVIEWS
• TRADE SHOWS. •WEB
o COMPANY SITES • CUSTOMER SURVEYS
• TECHNICAL o PORTALS
CONFERENCES. o SEARCH ENGINE • SALES FORCE
•EMPLOYMENT ADS
oWE MAY SHARE
CLIENTS,
SUPPLIERS SUPPLIERS
ORGANIZERS AND
SUPPLIERS WHO
CAN BE GOVERNMENT INVESTORS
INTERVIEWD.
THEY
oALWAYS WE
PRESS
REMEMBER,
EVERY COMPANY MARKETING
FORCE
HAS MANY NEEDY
WEB
EMPLOYEES WITH
LOOSE LIPS. ORGANIZERS
oWHENEVER SHOWS
MONEY IS
EXCHANGED, SO CLIENTS
IS INFORMATION.
WE HAVE GOOD CENTRALIZED
PROFESSIONALS AND ORGANIZATION
ARTIST WHO DELIEVER
THE BEST.