Competitive Analysis
Project scope
Categories
Market research Competitive analysis Marketing strategySkills
competitive analysis target audience marketingOur company has been serving thousands of customers for decades. We want to better understand how our target audience perceives our brand and competitors. This will help us develop clarity on our competitive advantages and optimize our marketing strategy.
We would like to collaborate with students to conduct a competitive analysis of our business.
This will involve several different steps for the students, including:
- Familiarizing themselves with our company, products, and target market.
- Identifying current and potential future competitors.
- Creating a matrix identifying features that are similar and different between companies.
- Summarizing our competitive advantages and disadvantages relative to the competition identified.
Bonus steps in the process would also include:
- Recommending how our company can differentiate itself through products / services and messaging.
By the end of the project, students should demonstrate:
- Familiarity with our company, products, and target market
- Identification of competitors
- Creation of a matrix with competitor features
- Summarization of our companyβs advantages and disadvantages
Bonus steps would include:
- Recommending ways to differentiate our company from competitors
Final deliverables should include
- A final report.
Students will connect directly with us for mentorship throughout the project. We will be able to provide answers to questions such as:
- Our products and target market
- Our known competitors
- Input on choices, problems or anything else the students might encounter.
About the company
Regalia Sports, with a rich heritage in crafting exceptional leather products and jackets, is poised to re-enter the market with a vision that promises to disrupt the conventional landscape. Our legacy, rooted in an unwavering commitment to craftsmanship and quality, sets the stage for this ambitious resurgence. As we reboot operations, we are not merely returning to our foundational pursuits; we are reimagining them. Our history as a trusted provider of high-quality leather goods and sports products serves as the bedrock upon which we plan to build a future marked by innovation and sustainability.
In this new chapter, Regalia Sports is dedicated to introducing a line of innovative clothing that aligns with our commitment to environmental responsibility and longevity. This initiative is not just about launching new products; it's about setting new standards for the industry. Our focus on developing clothing that is both environmentally sustainable and enduringly stylish represents a significant pivot towards a future where tradition meets innovation.
As we navigate this exciting phase of reinvention, our promise to our customers remains unwavering: to deliver products that embody timeless elegance, unparalleled performance, and a commitment to the planet. The journey ahead for Regalia Sports is filled with the potential to redefine what is expected from the market, ensuring that every step we take is a stride towards a more sustainable and innovative future.