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COMPETITION – MARKET RESEARCH MANAGER ANALYSIS
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:
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Provide a link to the article.
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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:
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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:
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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:
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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:
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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 1-6.
Week 10 Assignments
FOR APLUS WRITER ONLY!!!!! PLEASEEEEEE NO OTHER TUTOR!!!
APLUS WRITER – please read all assignments carefully on each page. Also, if you have finished up the other assignment for Week 9, add it along with these assignments. I will be turning that in late.
Thank you as always for your excellent work!
wahoodad25
Marketing essay
9:00 AM
Points Possible
250
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Assignment 2: Situation Analysis
Due Week 10 and worth 250 points
A company self-examination. What are we known for? Who do we want to become?In this assignment, you will create a Situation Analysis for one (1) of the following companies / brands: Jeep Cherokee, Amazon.com, or Google.
Each of these three (3) companies (Jeep Cherokee, Amazon.com, and Google) has been through numerous changes in recent years. For this assignment, select only one (1) company / brand. Use the information listed, as well as your own knowledge and research, to complete the provided situation analysis template. Additional research should include the use of the company’s Website, the course textbook, and other online sources.
Click here to download the required template.
Submit the completed template via the Assignment 2 submission link.
*Remember to only select one (1) brand from the options below (click on Option A, Option B, or Option C to view each available brand).
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Jeep Cherokee
History
“The formal creation of Jeep Cherokee Automobiles and its debut on the New York Stock Exchange is a historic moment. Today, building on the foundations and aspirations of Fiat S.p.A. and Chrysler Group LLC, we are beginning a completely new phase that will see our Group play a major role in the future of the global automotive industry.”
– John Elkann, October 13, 2014
“FCA’s listing today on Wall Street is the culmination of five-and-a-half years of work to achieve an extraordinary union. It marks the hard-won arrival at a destination. Yet, like so many milestones, it represents not just an ending, but also a new beginning – the beginning of our journey as one global automaker, one FCA.”
– Sergio Marchionne, October 13, 2014
With the formal creation of Jeep Cherokee Automobiles (FCA) and its listing on the New York and Milan stock exchanges, a new group is born.
FCA carries on the tradition of two historic automakers: Fiat founded in 1899 and Chrysler founded in 1925.
Click here to view the grading rubric.
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