Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Marketing Program Competitive Analysis Worksheet Industry category: (ex. sports utility vehicles) ______________________________ Subcategory: (ex. midsized) ____________________________________________ Subcategory: (ex. hybrids) _____________________________________________ Directions: List your product in
Marketing Program Competitive Analysis Worksheet Industry category: (ex. sports utility vehicles) ______________________________ Subcategory: (ex. midsized) ____________________________________________ Subcategory: (ex. hybrids) _____________________________________________ Directions: List your product in the first cell of the Product Name column, then list each major direct competitor in the cells beneath. Think of a product subcategory and determine the main criteria by which the products in that subcategory compete. Replace the four column titles to the right with those criteria (for example, Criterion 1 becomes Speed). Conduct research to fill in each cell with the relevant information. Product Name Criterion 1 Criterion 2 Criterion 3 Criterion 4 Use your table to identify the competitive position of each product. Competitive Position Product Name(s) Basis for Position (e.g., product leadership, cost leadership) Market leader Market challenger Market nicher Possible sources of information: Hoovers.com, industry publications, product brochures, comparison websites Marketing Program SWOT Analysis Worksheet Directions: Carefully read the case study and note every strength, weakness, opportunity, and threat. Don't forget to look at the exhibits and charts; these can point out important information for your SWOT analysis. You don't need to fill in every cell in the tables, although some cells may have several entries. You may need to conduct additional research on the industry, the economic climate, and other topics to fully understand the environment in which the company operates. Internal Micro Environmental Factor These are strengths; they will help the marketing effort These are weaknesses; they will hinder the marketing effort These are opportunities for the company in its marketing efforts These are threats to the company's marketing efforts a. Company b. Suppliers c. Intermediaries d. Competitors e. Publics f. Customers External Macro Environmental Factor a. Demographic trends in the population b. Cultural influences affecting consumer decision-making c. Natural resources needed as inputs by marketer d. Political or economic conditions affecting consumers' purchasing power e. New technologies impacting the industry f. Laws, agencies, or pressure groups that could limit or enhance marketing Develop a conclusion based on your SWOT analysis that takes into account the most important strengths, weaknesses, opportunities, and threats and their overall impact on the marketing effort. Take this conclusion into consideration when making your final recommendation
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