Search:  
Gauteng Business News
2755
VIEWS

Send  Share  RSS  Twitter  30 Nov 2011

BUSINESS: Understanding Competitors Can Provide a Competitive Edge

 





Recent Gauteng Business News

Who are clients’ real competitors‘ What can they do (or provide) that clients can’t‘ A competitor analysis can assist with these questions and can strengthen a client’s position in the market and solidify the communications plan. Competitive analysis plays an important role within the communications plan as it assesses the strength and weaknesses of the client’s current and potential competitors in the media.

Understanding Competitors with Competitive Analysis


HMC Seswa has added Competitive Analysis as one of its products that will be offered to clients. The main purpose of this product is to examine the clientÂ’s competitors in the media and to leverage the clientÂ’s strengths, weaknesses, opportunities and threats to their advantage.

“This product will be a great tool in the overall marketing strategy and can be tailor made for each client’s needs,” says Mbali Msimango Practice Group Head HMC Seswa Corporate Communications.

The Job of Competitor Analysis


The competitor analysis will analyse a clientÂ’s competitors in their market or other markets that they would like to enter. Within the clientÂ’s industry sector or sectors, clients should be able to identify who their competitors are and carry out searches in different mediums, observe how their competitors market themselves through press releases and advertising. Also, visiting industry news sites or blogs will give clients a better insight into existing or emerging brands which could be potential threats.

HMC Seswa will work with the appropriate media monitoring company to obtain coverage of both client and competitors to compile a report. The report will include client and competitors share of voice in all media, their profiles in social media and types of coverage.


Msimango adds, “However, the report will go much further than a traditional media analysis of competitors and understanding competitors. It will include strategic recommendations, success measurements for future campaigns, topics for opinion pieces relating to industry issues and so forth.”

 
 
 
HBC-Solutionsdecor-and-furnitureBusiness Profilesjane-shonfeldsolarport
 
   
 
 
 
  Accomodation
Accommodation


Online Foreign Exchange
Foreign Exchange


Directory
Directory


Fax
Fax 2 Email


Finance
Finance


Furniture
Furniture


Casino
Online Casino


Restaurant
Restaurant


Auctions
Shop Online


Study IT
Study IT Online


Web design
Web Design


Weddings
Weddings


Work
Work from Home
 
 
 
 
 
Company News
 
 

 

© 2019 www.gbn.co.za. All rights reserved.

Daily Newsletter Subscription

 

Subscribe to the Gauteng Business News Daily News and information email (it's free).

Thank You
Your email address has been added.

Name:
Email Address: