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Why do we do a competitive analysis?
Step by step
Solved in 2 steps
- Identify two current organizations—one organization facing a low-risk competitive environment and one facing a high-risk competitive environment. For each of these organizations, explain why you have evaluated its competitive environment as either low risk or high risk, using strategic planning and analysis concepts (such as Porter's Five Forces Model) For each of these organizations, recommend a pairing of a system design tool and a system operation tool that you believe will work especially well in the competitive environment faced by the organization. Be sure to explain why the tools you have chosen are uniquely suited to the competitive environment faced by that organization.Why does the strategic competency importance matter?Discuss differences of internal versus external evaluators? Why? What do you see as the strengths and weaknesses of both options? Which one is least appealing? why?
- What does it mean when a member in a competitive set does not have supply, demand, and revenue data? How does this affect your competitive set data and your analysis? What do you do going forward?Explain briefly how can we use strategic analysis in our daily lives?Is there any Internet-based tools available as an industry-specific database to support a strategic planning process?
- What does it mean for a firm to have a competitive advantage? What gives a firm a competitive advantage?In details, clarify the content of this Competitive Profile Matrix, and what are the uses of this matrix? In addition, if you are a decision taker, clarify how this matrix will help you to take decisions? And what are the decisions that you will take?What are the two basic strategy options for creating a competitive advantage?