1. The document discusses key components of an industry analysis for a business plan, including an analysis of competitors, market segmentation, and industry forecasts.
2. It explains that the competitive analysis section should outline main competitors and market share, and explain the business's competitive advantages.
3. Market segmentation involves dividing the market into meaningful segments based on factors like age, income, location, or customer needs to define the target market.
4. Industry forecasts estimate total demand for a product across all brands based on marketing by competitors and external trends outside their control, like economic or social changes.
1. The document discusses key components of an industry analysis for a business plan, including an analysis of competitors, market segmentation, and industry forecasts.
2. It explains that the competitive analysis section should outline main competitors and market share, and explain the business's competitive advantages.
3. Market segmentation involves dividing the market into meaningful segments based on factors like age, income, location, or customer needs to define the target market.
4. Industry forecasts estimate total demand for a product across all brands based on marketing by competitors and external trends outside their control, like economic or social changes.
Copyright:
Attribution Non-Commercial (BY-NC)
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Download as DOCX, PDF, TXT or read online from Scribd
1. The document discusses key components of an industry analysis for a business plan, including an analysis of competitors, market segmentation, and industry forecasts.
2. It explains that the competitive analysis section should outline main competitors and market share, and explain the business's competitive advantages.
3. Market segmentation involves dividing the market into meaningful segments based on factors like age, income, location, or customer needs to define the target market.
4. Industry forecasts estimate total demand for a product across all brands based on marketing by competitors and external trends outside their control, like economic or social changes.
Copyright:
Attribution Non-Commercial (BY-NC)
Available Formats
Download as DOCX, PDF, TXT or read online from Scribd
(Economics, Accounting & Finance / Banking & Finance) denoting or
relating to capital or property as opposed to interest, et 1. a person who is Iirst in importance or directs some event, action, organization, etc. D. statement oI Iinancial needed- the Iinancial plan section oI the business plan consists oI three Iinancial statements, the income statement, the cash Ilow projection and the balance sheet and a brieI explanation/analysis oI these three statements. E. statement of confidentiality of report- InIormation, data and drawings embodied in this business plan are strictly conIidential and are supplied on the understanding that they will be held conIidentially and not disclosed to third parties without the prior written consent oI |INSERT YOUR NAME|.' (1) III. Industry analysis- A market assessment tool designed to provide a business with an idea oI the complexity oI a particular industry. Industry analysis involves reviewing the economic, political and market Iactors that inIluence the way the industry develops. Major Iactors can include the power wielded by suppliers and buyers, the condition oI competitors, and the likelihood oI new market entrants.
A. Future outlook and trends(hinaharap na pananaw at mga uso)- pectation for the future: the long-term outlook for economic growth. Development oI the business. Predict in advance. B. nalysis of competitors- When you're writing the business plan, you'll write the competitive analysis section in the Iorm oI several paragraphs. You may wish to give each paragraph a separate heading. The Iirst paragraph will outline the competitive environment, telling your readers who your proposed business' competitors are, how much oI the market they control, and any other relevant details about the competition. The second and Iollowing paragraphs will detail your competitive advantage, explaining why and how your company will be able to compete with these competitors and establish yourselI as a successIul business. Remember; you don't have to go into exhaustive detail here, but you do need to persuade the reader oI your business plan that you are knowledgeable about the competition and that you have a clear, deIinitive plan that will enable your new business to successIully compete. C. arket segmentation- The market segmentation concept is crucial to market assessment and market strategy. Divide the market into workable market segments -- age, income, product type, geography, buying patterns, customer needs, or other classiIications. DeIine your terms, and deIine your market. D. Industry forecast- Total level of demand for a product, across all brands, expected to result from a partIcular marketIng effort by the competItors In the market. EnvIronmental trends not under the control of the marketers, such as socIal trends or economIc changes, can greatly Impact the accuracy of the market forecast.