Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Consider a company you are a part of and the family of products your company offers to the marketplace. If you are not part of
Consider a company you are a part of and the family of products your company offers to the marketplace. If you are not part of a company, then choose one to work with. In no more than five sentences describe the company and what the product offerings are. For example, does your company produce consumer electronics? Perhaps, it is in the clothing industry? Could it be in consumer consumables, e.g., beverages, snack foods, etc? Note that moving forward, when reference is made to "your company", this is the company you will focus on and work with. Anticipating that you will be pulled into the innovative product development process, conduct a market analysis. Identify two of your competitors and name them. For each competitor, conduct a SWOT analysis, i.e., determine (i) their strengths, (ii) weaknesses, (iii) opportunities, and (iv) threats, using the template included in this week's resources. Discuss your findings. I made the company up. The company's name is Herb Revive. It's a black owned company that produces shampoo, conditioner, and a hair grow serum that stimulates growth. 100 % natural. Herbs such as Aloe Vera, rose, rosemary, garlic, rose oil, chebe powder, Jamaican caster oil is in the products
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started