Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You will be researching three organizations in the same industry. Choose carefully--based on your analysis, one of these organizations will be the company you create

You will be researching three organizations in the same industry. Choose carefully--based on your analysis, one of these organizations will be the company you create a business plan for. Examples may be: Airlines (Southwest, American, Spirit); Cell phone providers (AT&T, Verizon, T-Mobile), Car companies (Tesla, Ford, BMW), etc. It’s strongly recommended that you select publicly traded companies, as you will be more likely to find adequate information available for your research. Part One: Once you’ve selected your industry, you’ll step into the role of Marketing Manager and conduct a competitor analysis based on this week’s readings. For this section, you’re writing for the Executive Team at your organization, so professional, concise, business-style writing is required for your competitor comparison. You’ll need to create an easy-to-read comparison in a grid format that provides a clear overview of as many of the following categories as possible for EACH company: Types of products/services offered; Current market share--and whether it is increasing or decreasing; Unique Selling Proposition; geographical areas covered; Pricing structure; Customer ratings for products or services; Employee ratings; customer review reviews; total sales volume.

Part Two: Review the research you’ve done, and in a short, 1-2 page essay, analyze the strengths and weaknesses of the organizations you’ve selected. Which organization is the strongest? Resources: https://www.singlegrain.com/digital-marketing/how-to-perform-competitor-research-using-the-best-tools/ https://www.entrepreneur.com/encyclopedia/competitive-analysis

Step by Step Solution

3.41 Rating (154 Votes )

There are 3 Steps involved in it

Step: 1

The beverage industry has been mostly focused by many companies in the United States of America USA In this statement I will analyze three companies that compete in this industry and they include for ... 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

Small Business Management Entrepreneurship and Beyond

Authors: Timothy s. Hatten

5th edition

538453141, 978-0538453141

More Books

Students also viewed these Chemistry questions

Question

Large businesses depend on small businesses. Why?

Answered: 1 week ago

Question

5. Make decisions about revealing the identity of participants.

Answered: 1 week ago

Question

4. Write a description about how the data were collected.

Answered: 1 week ago