Analysis: Current Competitor(s)

Examine the main competitors serving the same target market. For much more detail on analyzing competitors see the Preparing a Market Study tutorial. This section may also benefit from the use of comparison tables. (Length: 3-4 pages).

  • Describe direct competitors in terms of:
    • Target markets served
    • Product attributes
    • Pricing
    • Promotion
    • Distribution including the distributor network
    • Services offered
  • Discuss competitor’s strengths and weaknesses:
    • May need to consider much more than just marketing issues such as:
      • financial standing
      • target market perception
      • R & D capabilities
  • Discuss competitive trends:
    • May need to include discussion of future competitive threats

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