Podcast
Questions and Answers
What is an important part of a business plan and a critical aspect of any enterprise?
What is an important part of a business plan and a critical aspect of any enterprise?
- Competitive Analysis (correct)
- PESTEL Analysis
- Financial Analysis
- Marketing Strategy
When analyzing competitors, what is important to establish about the enterprise's product?
When analyzing competitors, what is important to establish about the enterprise's product?
- Technological features
- Unique selling points (correct)
- Pricing strategy
- Market reach
What should an enterprise categorize as part of its competitor analysis?
What should an enterprise categorize as part of its competitor analysis?
- Product or service offerings (correct)
- Industry regulations
- Customer demographics
- Historical stock performance
What information should an enterprise aim to gather about competitors in a competitive analysis?
What information should an enterprise aim to gather about competitors in a competitive analysis?
In competitor analysis, what should be identified to leverage potential opportunities?
In competitor analysis, what should be identified to leverage potential opportunities?
Why is studying competitors' strategies important in a competitive analysis?
Why is studying competitors' strategies important in a competitive analysis?
What does TOWS stand for in the context of strategic analysis?
What does TOWS stand for in the context of strategic analysis?
When is TOWS analysis usually performed?
When is TOWS analysis usually performed?
In the context of strategic analysis, what do 'Opportunities' represent?
In the context of strategic analysis, what do 'Opportunities' represent?
What is a common example of a 'Threat' to an organization based on the provided text?
What is a common example of a 'Threat' to an organization based on the provided text?
What does SWOT analysis primarily focus on?
What does SWOT analysis primarily focus on?
How does TOWS analysis differ from SWOT analysis?
How does TOWS analysis differ from SWOT analysis?
What is the purpose of a SWOT analysis in business?
What is the purpose of a SWOT analysis in business?
Which of the following is considered a strength in a SWOT analysis?
Which of the following is considered a strength in a SWOT analysis?
What are weaknesses in a SWOT analysis?
What are weaknesses in a SWOT analysis?
In a SWOT analysis, what do weaknesses indicate?
In a SWOT analysis, what do weaknesses indicate?
Which of the following is NOT a characteristic of strengths in a SWOT analysis?
Which of the following is NOT a characteristic of strengths in a SWOT analysis?
How is a SWOT matrix helpful for businesses?
How is a SWOT matrix helpful for businesses?
What does pricing represent as per the text?
What does pricing represent as per the text?
What is the primary focus of analyzing competitors according to the text?
What is the primary focus of analyzing competitors according to the text?
Why might offering the lowest price not always guarantee purchases?
Why might offering the lowest price not always guarantee purchases?
Which category of competitors offers the same products and targets the same market?
Which category of competitors offers the same products and targets the same market?
What is the distinguishing factor of Future Competitors as per the text?
What is the distinguishing factor of Future Competitors as per the text?
In what way can enterprises differentiate themselves through products?
In what way can enterprises differentiate themselves through products?
What could be a drawback of attaining supreme products and services according to the text?
What could be a drawback of attaining supreme products and services according to the text?
In what aspect does company differentiation focus?
In what aspect does company differentiation focus?
Why might commoditization not work in the long run as a differentiation strategy?
Why might commoditization not work in the long run as a differentiation strategy?
What element is essential to get a target market's attention, according to the text?
What element is essential to get a target market's attention, according to the text?
What is one potential consequence of enterprises solely relying on pricing as a differentiator?
What is one potential consequence of enterprises solely relying on pricing as a differentiator?
What did Jollibee Foods Corporation (JFC) do to venture into the Chinese food and cake business?
What did Jollibee Foods Corporation (JFC) do to venture into the Chinese food and cake business?
