Question
write 600800 words that respond to the following questions with your thoughts, ideas, and comments. This will be the foundation for future discussions by your
write 600800 words that respond to the following questions with your thoughts, ideas, and comments. This will be the foundation for future discussions by your classmates. Be substantive and clear, and use examples to reinforce your ideas.
As you review the analysis conducted by Mike and Tiffany, you notice the area of competition is missing from the reports. Thinking about your project management training, you update the project schedule to include activities related to identifying competitors.
You talk with Mike and Tiffany at lunch. Youve done some great research and brought up some good ideas to implement in the presentation, you say. There is one element that we are missing.
One of the most important aspects of the strategy: our competitors, Tiffany states.
Ive already done some analysis, and there are many in the global market. It seems like there are several office furniture companies thriving, but not as many custom furniture manufacturers, Mike elaborates.
Well, we need to provide the board with some solid competitors. Ill work on finding our top two, you say. Complete the following:
- Who are your top 2 global competitors in the market?
- Provide a strengths, weaknesses, opportunities, and threats (SWOT) analysis for each competitor.
- Why are they direct competitors?
- What is their competitive advantage?
- Could you form a cooperative strategy with any of the competitors?
- If so, how?
- If not, why?
- What strategies could you use to build a competitive market profile?
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