1. Marketing Management
MBA 505
II. Analyzing Marketing
Opportunities - Dealing with the
Competition
Reported by:
JAMIMA D. SANTOS
2. COMPETITION -
rivalry among sellers
increasing profits
market share
sales volume
price, product, distribution and
promotion
3. WHO ARE THE PRIMARY COMPETITORS
1. Industry Concept of Competition
2. Market Concept of Competition
4. Industries are classified according to :
Number of sellers and degree of product differentiation
Presence/Absence of entry, mobility, and exit barriers
Cost structure
Degree of globalization
5. INDUSTRY STRUCTURE TYPES
1. Pure monopoly
2. Oligopoly
- Pure oligopoly
- Differentiated oligopoly
3. Monopolistic competition
4. Pure competition
6. ANALYZING COMPETITORS
Competitor analysis in marketing is an assessment of
the strengths and weaknesses of current and potential
competitors. Competitor analysis focuses on four key
aspects:
competitor's objectives
competitor's strengths and weaknesses
competitor's strategies
competitor's resources and capabilities
7. WHY BOTHER TO ANALYZE COMPETITORS?
Competitor analysis has several important roles in
strategic planning:
• To understand their competitive advantages/
disadvantages
• To generate understanding of competitors’ past,
present and future strategies
• To provide an informed basis to develop
strategies
• To help forecast the returns that may be made
from future investments
9. DESIGNING THE COMPETITIVE
INTELLIGENCE SYSTEM
1. Setting up the system
2. Collecting the data
3. Evaluating and analyzing the data
4. Disseminating information and responding
10. USEFUL TECHNIQUES IN DEALING WITH COMPETITION
Competitor array
Competitor profiling
Media Scanning
Analyzing new competitors