Competitive Sales Analysis: Safety Suite
Project scope
Categories
Market research Sales strategy Marketing strategySkills
niche markets competitive analysis surface mining competitive sales market share management forecastingPurpose: Based on the feature set and technology employed by our fatigue management system, identify the most significant competitive threats to Wenco’s fatigue management offering.
Overview: Wenco has recently acquired a fatigue management company that measures brain activity and empowers operators with the information they need to act and avert personal harm and damage to onsite assets.
With a focus on the surface mining market, we would like the student to engage in a competitive analysis of Fatigue Management solutions directed specifically at surface mining. In the surface mining market, smart safety solutions are becoming a prerequisite to successfully winning a bid as a fleet management provider. Considering this, Wenco must leverage a deep understanding of the competitive strength of the fatigue solutions coming from our direct competition amongst FMS providers.
Amongst fatigue Management offerings in surface mining there are several categories based on the technology delivered and the level of prediction provided by the product. Each of these offerings has a unique profile of advantages/disadvantages that determine competitive strength. As technology in this niche market advances, Wenco’s offering will constantly face new competitive threats to be identified and needs plans to defend against them.
Number of individual students required: 2
Defined Tasks:
· Create an overview of the fatigue management market for open pit mines including competitors, solution types and regulatory considerations for the product in different regions.
· Identify Wenco’s largest competitive threats in this space, highlighting why each offering might be stronger or weaker then Wenco’s in 3 major regional markets. (Australia, North America, Europe).
· Categorize different types of competitor offerings based on technology, regional market share and notable competitive advantages.
· Develop a final deliverable that highlights the largest risks for the offering in the three defined regional markets.
Through the course of the project you will work with an Analyst that is also dedicated to this area of research. The analyst will provide access to important resources and give active guidance in your work.
The head of strategy at Wenco is also actively involved in these projects, he will be available at project milestones to speak with students and give interim feedback and direction.
Wenco has a track record of working with students interested in strategy roles and subsequently offering longer term internships as well as full time employment.
About the company
Wenco International Mining Systems Limited (Wenco), is a major provider of data technology to the global mining industry. Since its inception in 1987, the company has acquired over 30 years of experience in developing fleet management systems and mining software technology. Wenco was acquired by Hitachi Construction Machinery in 2009. Headquartered in the Vancouver area suburb of Richmond, British Columbia, Wenco operates offices on five continents and over 150 installations worldwide, helping mining customers raise productivity, decrease operating costs, extend the running life of mining equipment, improve mine safety, and increase the efficacy of decision making. Wenco has entered a period of rapid growth, but with that growth comes a number of major strategic challenges surround all aspects of its business. The company would like your support in addressing those challenges.