Analyzing Industry Competitor Data
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Project scope
Categories
Supply chain optimization Market research Competitive analysis Financial modeling Product or service launchSkills
target market competitive analysis marketing customer engagement pricing strategiesOur startup company is creating opportunities for small enterprises in our industry to level up through team efficiency and elimination of quote errors. We believe we know a lot about our consumers and target consumer base, but we need to look beyond the buyer and examine our industry.
We would like to collaborate with students to complete a detailed competitor analysis and help us position ourselves in the market.
This will involve several different steps for the students, including:
- Familiarizing themselves with our products, target market, and industry.
- Identifying competitors, analyzing their product offerings, pricing strategies, distribution channels, marketing tactics, and customer engagement approaches.
Bonus steps in the process would also include:
- Recommending strategies to best position our company.
By the end of the project, students should demonstrate:
- Familiarity with our products, market and industry
- Understanding of our product's strengths, weaknesses, opportunities and threats in the context of the industry.
- The impact of competitor analysis on business strategy.
Bonus steps would include:
- Recommending how we can best position ourselves within the industry
Final deliverables should include
- Detailed Competitor analysis.
- Detailed SWOT analysis.
- A final report.
- A 10-minute presentation.
Students will connect directly with our team for mentorship throughout the project. We will be able to provide answers to questions such as:
- Our products and services
- Our current understanding of the industry
- Input on choices, problems or anything else the students might encounter.
Supported causes
The global challenges this project addresses, aligning with the United Nations Sustainable Development Goals (SDGs). Learn more about all 17 SDGs here.
About the company
Our goal is to democratize the our industry, enabling Small and Medium Enterprises (SMEs) to compete with larger organizations by enhancing team efficiency, and eliminating errors in quoting.