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Competitive Analysis for Market Positioning
Objective:
- Conduct a detailed competitive analysis to identify strengths, weaknesses, and market positioning of competitors.
- Inform strategic decisions for product differentiation and market entry/expansion.
- Identify untapped market opportunities.
Description
Inputs
- [Your Company’s Product/Service: e.g., Organic skincare line, B2B SaaS for project management]
- [Primary Competitors (3-5 names): e.g., Competitor A, Competitor B, etc.]
- [Key Comparison Criteria: e.g., Pricing, Features, Target Audience, Marketing Channels, Customer Reviews, Market Share]
- [Your Target Market Segment: e.g., Mid-sized enterprises, Gen Z consumers, Luxury market]
- [Desired Outcome: e.g., Identify competitive gaps, Develop differentiation strategy, Inform pricing]
Results
- A structured comparative analysis table or summary.
- Identification of competitors’ strengths, weaknesses, and unique selling propositions.
- Opportunities for your company to differentiate or gain a competitive edge.
- Recommendations for market positioning based on analysis.