Help Me Please
Name: ___________________________________ Date: __________________ Section: ____________________
Competitor Analysis: Tool for Comparative Ratings
Instructions: Consider and list each competitor and identify if they are direct or indirect (circle one). Rate each competitor categories listed by resources. Use a scale from 1 – 5 with 1=Very Weak and 5=Very Strong. If a particular rating does not apply assign a 0. Total the scores for an overall competitor rating and rank them accordingly. Follow these instructions for your company as well. How do you compare overall and by category?
If you have not identified at least three competitors you have not researched your market!
Goal : Identify the best strategy for you to compete successfully
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Assessment Category |
NEW VENTURE: |
Competitor #1 (Direct / Indirect) |
Competitor #2 (Direct / Indirect) |
Competitor #3 (Direct / Indirect) |
Competitor #4 (Direct / Indirect) |
Competitor #5 (Direct / Indirect) |
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COMPANY NAMES>>> |
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Financial Resources |
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Technical Resources |
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Human Resources |
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Reputation |
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Physical Resources |
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Marketing Resources |
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Product/Service Quality |
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TOTAL SCORES |
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SUMMARY:
Who is your biggest competition? _______________________________________________________________________________
How will you position your company in the market? ________________________________________________________________
What will your primary competitive advantage?____________________________________________________________________