ENGR 590Strategic Planning Analysis: Competitive Advantages Assignment InstructionsOverviewThis...

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ENGR 590Strategic Planning Analysis: Competitive Advantages Assignment InstructionsOverviewThis assignment will enable you to explore and apply the processes of competitive analysis.  Completing this assignment will give you the opportunity to discover how these processes work.  Additionally, this assignment will give you an opportunity to demonstrate how you would use this information in a practical setting.InstructionsObjectives: This assignment will include two independent parts: 1. Completing exercises 15pts 2. Writing a paper (400 – 700 words) 60pts  1. Exercises: Read Chapter 8 of the course textbook.  Test your understanding.  Create an original example illustrating the following terms.  Please underline the part of the sentences that illustrate the term. A. Competitive Analysis B. Market Evolution C. Key Success Factors D. Value Activities E. Competitive Advantages F. Key Vulnerabilities G. Basic Business Requirements H. Competitive Criteria  2. Paper: Develop a small paper for one of the following using your business or a company as the subject of analysis: A. Categorize companies in your industry with respect to strategic characteristics (see section XXXXXXXXXXProvide a rationale for each company assessment.  Be sure to identify at least 3 companies.B. Competitive Advantages and Success Factors (use worksheet based on Table 8.6).C. Comparison with Industry Success Factors (see sources of success factors specified in section 8.3).  Your paper should include proper formatting and be APA compliant.  Make sure that you include a title page, but you do not need an abstract.  Please include both parts of this assignment as a single uploaded document (.doc, .docx, .pdf, .odt).   Refer to the Strategic Planning Analysis Grading Ruic.Note: Your assignment will be checked for originality via the Turnitin plagiarism tool.

Shubham · Accepted Answer

Running Head: STRATEGIC PLANNING ANALYSIS					1
STRATEGIC PLANNING ANALYSIS							2
STRATEGIC PLANNING ANALYSIS
Table of Contents
1.	Exercises	3
2.	Paper	3
References	6
1. Exercises
A company can be strategically successful if it follows the rules mentioned below:
In order to design a strategy the company has to conduct competitive analysis, which included analysis the strengths and weaknesses of competitors, their present strategic and USP of their products. The competitive criteria need to be decided so that a company can measure it s efforts against those. The market evolution for a product is detrimental to study as it helps to know how the needs lead to the innovation of the product and what are the key success factors for it to get accepted among the consumers. The activities, which are value based should be included in the strategic processes so that accomplishment of goals can be directed. The company need to have competitive advantage to survive in the market because it indicates that that there is a USP to the product manufactured by the company. The external threat make the company vulnerable to obstacles which can hinder its performance . Listing them will be helpful in addressing them during strategic planning. The basic business requirements demands investing wisely, a strong idea or product and trust in that and a skill to sell it in the market.
2.

ENGR 590 Strategic Planning Analysis: Competitive Advantages Assignment Instructions Overview This assignment will enable you to explore and apply the processes of competitive analysis. Completing...

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