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Develop a macro-environmental analysis Conduct a competitive analysis Construct and complete a customer analysis Competitive Market Analysis This week, you will submit your Competitive Market
Develop a macro-environmental analysis
Conduct a competitive analysis
Construct and complete a customer analysis
Competitive Market Analysis
This week, you will submit your Competitive Market Analysison the company you chose in Week 1. which was bath & beyond You only need to provide this portion of your paper this week. This analysis should be complete with macro-environmental, competitive, and consumer analyses.
- Macro-Environmental Analysis
- This section of your paper should include a detailed PEST analysis and a Five Forces analysis, in which you capture competitors in the five forces areas
- Consumer Analysis
- Conduct a consumer analysis by answering the key questions
- Who is the buyer?
- What is the buyer looking for?
- When will the buyer buy or use your product?
- Why is there a need for your product?
- Where does the buyer shop?
- How will they use your product?
- Also, provide the types of research methods you will conduct to seek out your customers. Provide examples of what the research would include
- Conduct a consumer analysis by answering the key questions
- Competitor Analysis
- Identify one "good" competitor. What makes him or her a good competitor?
- Identify one "bad" competitor. What makes him or her a bad competitor?
- Using evidence to support notions, discuss the competitor's marketing mix and how you can use it to find areas of vulnerability
- Justify your Competitive Market Analysis with research and examples
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