Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managing Information Technology

Authors: Carol Brown, Daniel DeHayes, Jeffrey Hoffer, Wainright Marti

7th Edition

132146320, 978-0132146326

More Books

Students also viewed these General Management questions

Question

Which type of soil has more ability to absorb water?

Answered: 1 week ago