NAME:
INSTUCTOR:
DATE:
ASSIGNMENT 5
COMPETITION – MARKET RESEARCH MANAGER ANALYSIS
DUE DATE: WEEK 10
Note: While representative of possible situations faced by
Target & Walmart, all scenarios in this assignment are fictional.
REAL BUSINESS
As you learned this week, understanding your competition and
adjusting your own business accordingly is critical to a business’s success. A
large discount retail store like Target competes not only with other discount
retail store stores but also with those stores that offer just some of the
products Target does, such as grocery stores. Keeping track of all these competitors
is quite a task; that’s why large companies have a team of market researchers
dedicated to managing that research.
YOUR ROLE
This week, you’ll assume the role of a Market Research
Manager at Target.
WHAT IS A MARKET RESEARCH MANAGER?
Market Research Managers are responsible for creating and
improving processes for gathering information on various market conditions,
competitors, and consumer trends in their companies’ industries. They are
typically responsible for managing a team of researchers and reporting their
findings to the head of the department. Teams across the company then use these
findings to help improve products, guide marketing efforts, and more.
As a Market Research Manager, part of your role is to
consistently analyze Target’s position relative to its competitors and report
on these findings. As part of this process, you complete a SWOT analysis for
each of Target’s main competitors each quarter. The quarter is coming to a
close, and your boss has asked for the latest SWOT analysis for Walmart.
?
INSTRUCTIONS
STEP 1: RESEARCH
Search online and find 1-3 articles that discuss the
competition between Target and Walmart. For each article:
• Identify
Provide a link to the article.
• Identify
which aspects of the article will be helpful as you conduct your SWOT analysis.
STEP 2: STRENGTHS
Based on your own experiences shopping at Target and Walmart
and the research you conducted:
• Identify
1-2 strengths Target has in comparison to Walmart. For each strength, explain
your rationale.
?
STEP 3: WEAKNESSES
Based on your own experiences shopping at Target and Walmart
and the research you conducted:
• Identify
1-2 weaknesses Target has in comparison to Walmart. For each weakness, explain
your rationale.
STEP 4: OPPORTUNITIES
Based on your own experiences shopping at Target and Walmart
and the research you conducted:
• Identify
1-2 possible opportunities Target has to be more competitive with Walmart. For
each opportunity, explain your rationale.
?
STEP 5: THREATS
Based on your own experiences shopping at Target and Walmart
and the research you conducted:
• Identify
1-2 possible threats that might diminish Target’s competitiveness with Walmart.
For each threat, explain your rationale
STEP 6: WHO WILL COME OUT AHEAD?
Based on your SWOT analysis, do think that Target or Walmart
is better positioned over the long term to come out ahead? Why?
?
STEP 7: REAL_WORLD APPLICATION
Conduct a SWOT analysis for your company and one of its
biggest competitors using the methodology outlined in Steps 2-5.
