COMPETITION
- basic principles for marketing and business students |
Competition | |||
Competitor Intelligence | witiger.com/ecommerce/competitorintelligence.htm | ||
Competition | witiger.com/ecommerce/competition.htm | ||
Competition Types | witiger.com/marketing/typesofcompetition.htm | ||
Cannibilization | witiger.com/ecommerce/cannibalization.htm |
INTRODUCTION | This unit on
basic principles of Competition is designed for students in 1st and 2nd
semester college students in business and marketing courses.
The Competitive Environment is, perhaps, the most important of the 6 Environments that influence a company involved in marketing, business, international business or e-commerce. The degree to which one attends to the "other" environments is a consequence of the intensity of the Competitive Environment. |
Competitive
Environment
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If the Competitive
Environment is intense, it means you have a lot of companies carrying
out strategies such as
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Competitive
Environment
|
.. if the Competitive
Environment is NOT intense,
then
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Competitor
Intelligence Who? |
who is a competitor? http://dialspace.dial.pipex.com/aware/competitor-analysis.shtml Business competitors are:
|
Competitors
are .... |
Other organizations offering
the same product or service now
|
Competitors
are .... |
Other organizations offering
similar products or services
now
|
Competitors
are .... |
Other organizations offering
a variation on a product or service,
that you cannot
|
Competitors
are .... |
Other organizations offering
a variation on a product or service,
that you cannot
|
Competitors
are .... |
Other organizations offering
a variation on a product or service,
that you cannot
AirWatch has grown from 350
to 900 workers in 2011-2012 !!
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Competitors
are .... |
Organizations that could
offer the same or similar products or services in
the future
|
Competitors
are .... |
Organizations that could
offer the same or similar products or services in
the future
Apple
executives may have been wondering how much competition they would get
from R.I.M.'s tablet, but what about Amazon, which was originally a website
selling music and books online, and has morphed into a company that also
sells a device (to read eBooks), which then means Amazon becomes a competitor
in the market for electronic devices using web-based applications.
Big difference between the iPad5 and the Kindle Fire is not the physical products' features (With a 7-inch screen, Kindle Fire is a good bit smaller than iPad 2 and its 9.7-inch display.), or their FABs, it is the zillions of apps that are written for Apple products and can be downloaded and used on iPhones and iPads. Future
- Direct Competition - maybe not in 2011 cause the smaller screen on the
Kindle means customers may still prefer to the iPad 5, BUT, some industry
experts say
|
Competitors
are .... |
Organizations that could
remove the need for a product or service being sold
|
Competitors
are .... |
Organizations that could
remove the need for a product or service being sold
Sometimes an "entity" that
could remove the need for one of your products or services can be found
within your corporation - if this is the case, we sometimes refer to that
circumstance as cannabilization.
|
Competitors
problems
become opportunities for you |
Sometimes when
your competition does something better than you, it obviously can hurt
your business.
There are also many situations when your competition, (direct and indirect) can make a bad mistake, or can have some problem, and this can conversely be good for your business. A simple scenario can be your competition has a problem producing the product (which directly competes with one of your models) and all of a sudden you have an increase in customer demand (not because you did something right) because the available supply from your competition has dried up. Being prepared for a possibility like this is important because if you can take advantage of it and satisfy those customers, they may end up staying with you and not return to the competition when the competition fixes the problem they had. So, this type of "contingency planning" could be called "if the other guy screws up" planning. |
Competitors
problems
become opportunities for you |
In December
2012 news stories from various sources commented on problems in the accuracy
of Apple Maps.
In one case, the police in Australia warned that "using them was "life-threatening", after a number of people trying to find the town of 30,000 people became hopelessly lost in the bush in scorching temperatures." Obviously this is an opportunity for other handset manufacturers using different operating systems accessing different maps, to point out that "ours does not..." Apple "dumped Google's maps
because the search giant refused to offer iPhone users features such as
turn-by-turn navigation. But problems quickly emerged with the detail in
the maps, which omitted a number of locations and mislabeled others compared
with the product that had gone before"
|
Competitors
problems
become opportunities for you |
"Apple dropped
Google as its map provider in September [2012] with the launch of its iOS
6 software for the iPhone and iPad.
In October [2012], chief
executive Tim Cook issued a public apology for the poor quality of the
maps and soon after fired the head of the iOS 6 software group, Scott Forstall.
The head of the mapping group is also reported to have been fired in November
[2012]"
|
The
enemy of my enemy is my friend
- can Apple's competition from a Chinese firm, in China, prove advantageous to Blackberry? 4th week of Sept 2013 Maclean's
published an article
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